Gothamite Posted April 10, 2020 Share Posted April 10, 2020 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. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
GDAWG Posted April 10, 2020 Share Posted April 10, 2020 Link to comment Share on other sites More sharing options...
goalieboy82 Posted April 10, 2020 Share Posted April 10, 2020 the XFL 2021: maybe the third time will be the charm. so long and thanks for all the fish. Link to comment Share on other sites More sharing options...
Sodboy13 Posted April 10, 2020 Share Posted April 10, 2020 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." On 1/25/2013 at 1:53 PM, 'Atom said: For all the bird de lis haters I think the bird de lis isnt supposed to be a pelican and a fleur de lis I think its just a fleur de lis with a pelicans head. Thats what it looks like to me. Also the flair around the tip of the beak is just flair that fleur de lis have sometimes source I am from NOLA. PotD: 10/19/07, 08/25/08, 07/22/10, 08/13/10, 04/15/11, 05/19/11, 01/02/12, and 01/05/12. Link to comment Share on other sites More sharing options...
DG_ThenNowForever Posted April 10, 2020 Share Posted April 10, 2020 I'm not convinced we have 31 (or 32?) NHL teams next year. I think the XFL deserves some slack. 1 hour ago, ShutUpLutz! said: and the drunken doodoobags jumping off the tops of SUV's/vans/RV's onto tables because, oh yeah, they are drunken drug abusing doodoobags Link to comment Share on other sites More sharing options...
JayMac Posted April 10, 2020 Share Posted April 10, 2020 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. Link to comment Share on other sites More sharing options...
BBTV Posted April 10, 2020 Share Posted April 10, 2020 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. "The views expressed here are mine and do not reflect the official opinion of my employer or the organization through which the Internet was accessed." Link to comment Share on other sites More sharing options...
BBTV Posted April 10, 2020 Share Posted April 10, 2020 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. "The views expressed here are mine and do not reflect the official opinion of my employer or the organization through which the Internet was accessed." Link to comment Share on other sites More sharing options...
IceCap Posted April 10, 2020 Share Posted April 10, 2020 This sucks. It was fun. PotD 26/2/12 1/7/15 2020 BASS Spin the Wheel, Make the Deal Regular Season Champion 2021 BASS NFL Pick'em Regular Season Champion Link to comment Share on other sites More sharing options...
The_Admiral Posted April 10, 2020 Share Posted April 10, 2020 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. ♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫ Link to comment Share on other sites More sharing options...
Gary Posted April 11, 2020 Share Posted April 11, 2020 2021 GOTV XFL Champions Houston Roughnecks, early nomination Link to comment Share on other sites More sharing options...
buzzcut Posted April 11, 2020 Share Posted April 11, 2020 This will no longer be...the XFL. Yeah, I went there. The CCSLC's resident Geelong Cats fan. Viva La Vida or Death And All His Friends. Sounds like something from a Rocky & Bullwinkle story arc. Link to comment Share on other sites More sharing options...
FiddySicks Posted April 11, 2020 Share Posted April 11, 2020 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. On 11/19/2012 at 7:23 PM, oldschoolvikings said: She’s still half convinced “Chris Creamer” is a porn site.) Link to comment Share on other sites More sharing options...
CaliforniaGlowin Posted April 11, 2020 Share Posted April 11, 2020 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. Last updated 2/26 Link to comment Share on other sites More sharing options...
JackieMoon Posted April 11, 2020 Share Posted April 11, 2020 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. Link to comment Share on other sites More sharing options...
Quillz Posted April 11, 2020 Share Posted April 11, 2020 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. Link to comment Share on other sites More sharing options...
habsfan1 Posted April 11, 2020 Share Posted April 11, 2020 Link to comment Share on other sites More sharing options...
CaliforniaGlowin Posted April 11, 2020 Share Posted April 11, 2020 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. Last updated 2/26 Link to comment Share on other sites More sharing options...
Sodboy13 Posted April 11, 2020 Share Posted April 11, 2020 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. On 1/25/2013 at 1:53 PM, 'Atom said: For all the bird de lis haters I think the bird de lis isnt supposed to be a pelican and a fleur de lis I think its just a fleur de lis with a pelicans head. Thats what it looks like to me. Also the flair around the tip of the beak is just flair that fleur de lis have sometimes source I am from NOLA. PotD: 10/19/07, 08/25/08, 07/22/10, 08/13/10, 04/15/11, 05/19/11, 01/02/12, and 01/05/12. Link to comment Share on other sites More sharing options...
BBTV Posted April 11, 2020 Share Posted April 11, 2020 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. "The views expressed here are mine and do not reflect the official opinion of my employer or the organization through which the Internet was accessed." Link to comment Share on other sites More sharing options...
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