WWE Sued For Information On XFL’s Internal Ties To Company

Vince McMahon’s relaunch of the XFL in 2020 was met with a lot of questions. One thing he assured people of is that the XFL will be separate from WWE. Now one stockholder wants proof of that.

Bloomberg reports that there is a lawsuit in the Delaware Court Of Chancery against WWE. One stockholder is suing because he wants to look at the records detailing the XFL’s relaunch and any ties to WWE.

This lawsuit was filed on December 26th so it’s rather new. As it is reported by Bloomberg, they want to prove that McMahon and WWE’s senior officers kept WWE’s resources in the company.

The lawsuit, filed Dec. 26 in Delaware Chancery Court by an Oklahoma firefighters pension fund, claims there is “a credible basis to believe” that McMahon and other WWE senior officers breached their duties to investors by diverting valuable resources to the XFL.

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It is also suggested in the lawsuit that the company’s board members might have neglected to make sure that Vince McMahon’s personal interests didn’t conflict in his new football endeavor. They want to take a look at any transactions and where the money is flowing internally within WWE.

Brad Shepard had previously reported that Vince McMahon was considering using WWE money for the XFL

We will provide more information as it is made known as this is a very new situation.