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NewsThe XFL Lost Millions Of Dollars In First Season Under The Rock

The XFL Lost Millions Of Dollars In First Season Under The Rock

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The inaugural season in the relaunch of the XFL under the leadership of The Rock and Dany Garcia wrapped up last month following the championship game that saw the Arlington Renegades walk away with the trophy.

Forbes is reporting that the league lost an estimated $60 million this year. They paid $23.5 million for it and projects $100 million in revenue next year, including a payment of $20 million per season by ESPN to broadcast the games.

“We’re extremely well-capitalized for the long-term,” said Garcia, the XFL’s chair. “This is our new WWE. The next massive live property.”

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