Jul 8, 2020 - Sports

XFL takeover bids due at end of month

Illustration a deflated football with the XFL logo on it

Illustration: Sarah Grillo/Axios

The XFL, a pro football league that went bankrupt in April, received several indicative takeover offers last month, Axios has learned from a source close to the process.

Between the lines: One reason that there may be greater-than-expected interest is that any buyer could have extra runway to relaunch given that established sports leagues remain either closed or diminished due to the coronavirus pandemic.

  • Non-binding bids were due June 22, while formal proposals are due July 30.
  • Interested suitors came from both the media/entertainment and pro sports worlds, and offers reportedly were for the entire league (as opposed to for select assets).
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