Update on Vince McMahon Facing Lawsuit by Former XFL Commissioner

Word broke on Tuesday that former XFL commissioner Oliver Luck has sued Vince McMahon for wrongful termination. 

The contract stipulated Luck would be due the remaining balance if terminated without cause. Now, Luck is looking to be paid what he’s owed by the WWE Chairman. 

Dave Meltzer provided an update on the latest Wrestling Observer Radio. 

McMahon had guaranteed Oliver Luck the money he was owed when he signed him, which is why Luck happened to leave his spot as NCAA’s Executive Vice President For Regulatory Affairs. 

The day before McMahon closed the league, he ceased communication with Luck and also penned a letter to Luck saying that he was fired from the league, giving all these reasons why.

The company only lost a little money despite Vince telling people that he would be putting $500 million in and sold $389 million of stock. By the time he folded the league, he was only down $44 million.