Vince McMahon hasn’t had the best of luck lately with all the news surrounding an alleged affair he had and having to remove himself from power temporarily. While things certainly look bleak for the head of the biggest pro wrestling company in the world, a recent development might’ve brightened up McMahon’s day. Interestingly, the development comes from McMahon’s other sports endeavor, the XFL.
A new report from the Sports Business Journal reveals that McMahon reached a settlement with former XFL commissioner Oliver Luck. The former commissioner previously filed a lawsuit against McMahon’s Alpha Entertainment after claiming McMahon had made a ‘personal guarantee’ payment to him.
While it was thought the two parties were set for an early July trial date, it appears both have agreed to settle. Now McMahon won’t have to worry about whatever coming out in court that he migth not want made public.
McMahon’s biggest defense was that Luck used his company cell phone for personal reasons. Obviously, Luck was willing to fight tooth and nail for his settlement. The exact terms of the monetary value reached is not known at this time.
The XFL filed for chapter 11 bankruptcy in April 2020. However, former WWE superstar Dwayne ‘The Rock’ Johnson and his manager Dani Garcia agreed to purchase the XFL for roughly $15 million.
What do you make of this developing story? Sound off in the comments section below.