ozzyman314

XFL 2020 Season

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17 minutes ago, BringBackTheVet said:

That's not really fair.  There's no way they or anyone could have predicted that they'd lose 100% of their revenue half way through, despite having already paid 100% of their expenses.

 

They possibly were funded based on reasonable expectations.  Until we know the truth, it's all speculation, but it's wrong not to consider that given their model of paying for their TV time, they were now losing way more in year 1 than they were budgeted for (even if they were really budgeted for years of losses) without the guarantee that they'd be able to come back in 2021 due to the uncertainty around the NFL and if it might be running through Feb now.

 

I could site first hand knowledge of very well run and managed local small retail businesses that are likely folding, despite operating for 40 years in one case, because despite very good business continuity and contingency plans, no one was prepared for this.

 

3 minutes ago, DG_ThenNowForever said:

Yeah, exactly. I think people are painting the XFL 2.0 with way too broad a brush here.

 

McMahon was likely leveraged to absorb a certain amount of reasonable losses. But to have lost all gate revenue, all merchandise revenue while still paying out all payroll and benefits? That's more than a lot of existing teams might be able to absorb.

 

This was a one-of-a-kind whirlwind that he couldn't possibly have planned for. Has XFL launched in 2019 or 2021, it would have worked out dramatically different.

 

Very few business open with enough cash on hand to fully fund several years at once, though.  And sure, he lost a big chunk of his revenue halfway through.  But he's also dumped most of his ongoing expenses right now.  And merchandising continues, that revenue will keep coming in.  The teams I know are counting on merchandising revenues right now, because that's all they have coming in.

 

I don't doubt that the XFL was losing way more in year 1 than they were budgeted for.  But again, that indicates that the league might not have come back for year 2 regardless.

 

He reportedly came in with $272,000,000 devoted to nothing but the XFL.  McMahon could have cancelled the season, cut his losses and come back next spring.  But if he really has pulled the plug entirely, then his problems must have gone much deeper than the coronavirus.

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42 minutes ago, Gothamite said:

McMahon could have cancelled the season, cut his losses and come back next spring.

 

Let's pump the brakes on forecasts for anything "coming back next spring."

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I'm not convinced we have 31 (or 32?) NHL teams next year. I think the XFL deserves some slack.

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1 hour ago, Sodboy13 said:

 

Let's pump the brakes on forecasts for anything "coming back next spring."

Including everyone's mental health, especially if these lockdowns continue into the summer and fall. The virus may be the lesser of the worries. 

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2 hours ago, Gothamite said:

 

 

Very few business open with enough cash on hand to fully fund several years at once, though.  And sure, he lost a big chunk of his revenue halfway through.  But he's also dumped most of his ongoing expenses right now.  And merchandising continues, that revenue will keep coming in.  The teams I know are counting on merchandising revenues right now, because that's all they have coming in.

 

I don't doubt that the XFL was losing way more in year 1 than they were budgeted for.  But again, that indicates that the league might not have come back for year 2 regardless.

 

He reportedly came in with $272,000,000 devoted to nothing but the XFL.  McMahon could have cancelled the season, cut his losses and come back next spring.  But if he really has pulled the plug entirely, then his problems must have gone much deeper than the coronavirus.

 

Wasn't it $500,000,000 and that was a confirmed number since he had to file with the SEC when he sold his WWE stock to start his new company that operated the XFL?

 

I know it's easy and sometimes fun to pick on Vince McMahon, but there's no evidence that anything they said about their funding or business plan wasn't true.  They were planning to lose money the first couple or three seasons, but they simply weren't counting on losing 99.9% of their revenue stream mid way through (let's not pretend that they were counting on merch sales being a significant source of revenue.  If that was the case then they probably would have gotten a Nike or similar outfit involved.)

 

There's zero reason to think that they would not have come back in 2021 had it not been for the pandemic.  While I'm surprised by the news that they're just folding up shop, I think it's really easy to explain why.

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Just now, JayMac said:

Including everyone's mental health, especially if these lockdowns continue into the spring. The virus may be the lesser of the worries. 

 

While it certainly doesn't help everyone, I'm pretty sure some of the healthcare providers are cancelling copays for mental health treatment, and many companies (like mine) are making mental health resources available at no cost.  I've personally taken them up on the offer.  I know not everyone is in as fortunate a situation, but at least one potential silver lining is that people that may have previously been dismissive about mental health as a thing might become more understanding and accepting of it if they end up needing to take advantage of some of these resources. 

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3 hours ago, Gothamite said:

He reportedly came in with $272,000,000 devoted to nothing but the XFL.  McMahon could have cancelled the season, cut his losses and come back next spring.  But if he really has pulled the plug entirely, then his problems must have gone much deeper than the coronavirus.

 

No, they went plenty deep on the coronavirus. He's in the live event business and all the live events are gone. 

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2021 GOTV XFL Champions Houston Roughnecks, early nomination 

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This will no longer be...the XFL.

 

Yeah, I went there.

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Lol, welp. Lasted about as long as I expected it to. 

 

That being said, I feel for them. I never watched, but it sounds like they were doing everything right. I hesitate to call this whole experiment an abject failure when we’re probably going to see a LOT more notable organizations than the XFL fold if this keeps going the way it is. 

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Minor league baseball: not on major networks.

Minor league hockey: not on major networks.

MLB and NHL get a lot higher ratings than minor leagues.

The UFL, AAF and XFL all wanted major league production and major league coverage of minor league teams.  Yes football is America's most watched sport, but this keeps being repeated over and over again.  Youtube is available on almost every device, and is more accessible than some sport networks.  The answer is so simple, yet it's not good enough for these leagues.

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56 minutes ago, FiddySicks said:

Lol, welp. Lasted about as long as I expected it to. 

 

That being said, I feel for them. I never watched, but it sounds like they were doing everything right. I hesitate to call this whole experiment an abject failure when we’re probably going to see a LOT more notable organizations than the XFL fold if this keeps going the way it is. 

If anything we will probably see contraction. Some of these leagues will trim the fat. Teams that have been struggling for the past couple of years could be folded.

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I almost feel bad for the XFL. I can't say I'm surprised it only lasted one season, but I figured it would have been canned due to low ratings/lack of interest. It was basically shut down by an act of God, so to speak. Technically, even the original XFL lasted longer, that at least played out its entire season.

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So that's two failed leagues in two years.  Is corporate spring football officially dead?  There's the A7FL which is more like a rec league. 

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Remember what I said about big businesses having to trim back to core operations? Vince McMahon's core operation suddenly finds itself in a very, very bad spot. I am going to attempt to show off my wafer-thin pro wrestling bona fides here by saying it's a Billy Gunn-level bad spot.

 

 

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4 hours ago, CaliforniaGlowin said:

Minor league baseball: not on major networks.

Minor league hockey: not on major networks.

MLB and NHL get a lot higher ratings than minor leagues.

The UFL, AAF and XFL all wanted major league production and major league coverage of minor league teams.  Yes football is America's most watched sport, but this keeps being repeated over and over again.  Youtube is available on almost every device, and is more accessible than some sport networks.  The answer is so simple, yet it's not good enough for these leagues.

 

maybe it’s not that simple. 

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