More on Vince McMahon & WWE Being Sued Over XFL Funding Allegations

As noted before, Vince McMahon and other high-level WWE executives are currently being sued by a WWE investor group in regards to allegations of McMahon funding the XFL’s revival though improper means. McMahon is alleged to have engaged in improper transactions for XFL’s funding while WWE officials are alleged to not have done the proper oversight needed to ensure conflict of interests were not being committed by McMahon.

David Bixenspan reported on Forbes that the lawsuit listed four main complaints that the investor group wants resolved. All four complaints are related to Alpha Entertainment’s close ties with WWE.

Official list of complaints against Vince McMahon and WWE:

• Did Alpha Entertainment, the XFL’s parent company, which is wholly owned by Vince McMahon, pay fair market value to WWE for the intellectual property of the original XFL, which included giving WWE a percentage of the company?
• Is Alpha paying WWE fair market value for the support services that WWE is providing as part of that deal?
• Was the XFL revival announced before the deal was completed?
• In general, did McMahon and WWE, including WWE’s lawyers, act in a way that was not in WWE’s best interests?

Bixenspan also reported that the lawsuit is also demanding clarity regarding the reported $50 million offer from Alliance of American Football’s co-founder Charlie Ebersol made to McMahon for XFL intellectual property. Ebersol has previously denied that he made an offer to McMahon to buy the rights to the XFL.