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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).

Go deeper

Kendall Baker, author of Sports
Aug 12, 2020 - Sports

Sports betting in the age of coronavirus

Reproduced from American Gaming Association; Cartogram: Axios Visuals

When the pandemic arrived, the sports betting industry funneled bettors toward the few sports that were actually happening.

What's happening: Now that sports have returned, the industry has benefited from pent-up demand, while also capitalizing on a busier-than-usual summer, with baseball, soccer, hockey, golf and basketball all in full swing.

Dan Primack, author of Pro Rata
25 mins ago - Economy & Business

Filings show Sweetgreen isn't profitable, despite claims

Illustration: Sarah Grillo/Axios

Restaurant chain Sweetgreen on Monday filed to go public, and revealed that it lost money in each year since 2014.

Why it matters: The company lied when it repeatedly told reporters it was profitable.

U.S. border cities again see low violent crime rates

Expand chart
Data: FBI, Kansas Bureau of Investigation, U.S. Census Bureau; Chart: Jared Whalen/Axios

Reported violent crime in the United States rose in 2020 for the first time in four years, but violent crime rates in 11 of the largest communities along the U.S.-Mexico border stayed below the national average, an Axios analysis found. 

Why it matters: Year after year, data showing low violent crime rates in majority-Mexican American and Mexican immigrant border communities dispels myths of the U.S.-Mexico border as a region filled with crime and chaos.