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More Details On Lawsuit Regarding WWE & XFL Relationship

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Last week we reported that a lawsuit has been filed against WWE and Vince McMahon, seeking more information on the relationship between the professional wrestling juggernaut and the XFL.

We have some more information to pass along, courtesy of a new report from Forbes. The Oklahoma Firefighters Pension and Retirement System, who own 107 shares of WWE stock in their portfolio, are suing WWE and McMahon. The lawsuit process began a few months ago, and is focused on the following questions:

  • “Did Alpha Entertainment, the XFL’s parent company, which is wholly owned by Vince McMahon, pay fair market value to WWE for the intellectual property of the original XFL, which included giving WWE a percentage of the company?”
  • “Is Alpha paying WWE fair market value for the support services that WWE is providing as part of that deal?”
  • “Was the XFL revival announced before the deal was completed?”
  • “In general, did McMahon and WWE, including WWE’s lawyers, act in a way that was not in WWE’s best interests?”

The plaintiffs also singled out that Vince McMahon amended his employment agreement in 2018 to make clear that his duties with Alpha Entertainment and the XFL will not be considered a conflict of interest. We’ll keep you updated as more information becomes available and whether or not this affects the wellbeing of the league as a whole.

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