By Anthony Caruso III | Publisher
The XFL lasted just 10 games in its second reboot of the league. Yet, Oliver Luck still wants his money.
According to the Action Network, he has filed a lawsuit agains XFL owner Vince McMahon. The league shut down due to the coronavirus pandemic.
The XFL has filed for Chapter 11 bankruptcy in Delaware. The company was launched in Stamford, Connecticut, as Alpha Entertainment.
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While the league had struggling ratings after it’s first week, the XFL was making strides that a lot of people were confused as to why it folded.
Luck reportedly had a multi-year agreement that allegedly would have paid him $20-25 million over the lifetime of his agreement with McMahon. When the XFL filed for bankruptcy, there were many creditors, including Luck, who were not listed.
The contract, according to Darren Rovell, who wrote the post, said ‘the contract stipulated he’d be due the remaining balance if terminated without cause.’
“Oliver Luck’s services as Commissioner and CEO of the XFL were terminated by a letter sent to him on April 9, 2020, which explained the reasons for the termination,” McMahon’s lawyer Jerry McDevitt of K&L Gates told The Action Network. “As to the lawsuit he filed, his allegations will be disputed and the position of Mr. McMahon will be set forth in our response to his lawsuit.”
Luck’s denies those claims. In his lawsuit he alleges, “Mr. Luck wholly disputes and rejects the allegations set forth in the Termination Letter and contends they are pretextual and devoid of merit.”
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McMahon sold WWE shares to use it towards his Alpha Entertainment company. However, two-years after announcing the return of the spring league, it was all over.
Action Network claims that Alpha Entertainment ‘filed to reject many executive contracts at the same time as their filing petition.’ Bankruptcy court reportedly, according to the story, approved this rejection of contracts.
“The to-be-expected motion to dismiss from McMahon and the response will be interesting from a legal perspective,” Darren Heitner, Sports Lawyer and Founder of Heitner Legal. “Luck’s contract was not with McMahon personally. Will the court be convinced that McMahon’s pledge to provide his own money adds personal liability? Seems to be a stretch.”
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