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| Posted By | Discussion Topic: There is a God! THE XFL IS DEAD! | ||||
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| TheShocker | posted on 05-10-2001 @ 10:52 PM |    | |||
| Psychopath Registered: Dec. 00  | From WWF.com: Stamford, Conn. May 10, 2001 - World Wrestling Federation Entertainment, Inc. (NYSE:WWF) in conjunction with its joint venture partner, NBC, today announced that it will discontinue its professional football league, the XFL. The decision was made after determining that the additional investment required to further develop the XFL was not commensurate with the potential return and the risk inherent in pursuing the venture. "While we believe that it is an extraordinary accomplishment to have created a new professional football league in what amounts to less than a year's time, we feel that it is in the best interests of our shareholders and our partners to discontinue the XFL," said Vince McMahon, WWFE Chairman. "I would personally like to thank the employees of the XFL and WWFE, the XFL fans, our partner NBC and especially Dick Ebersol and his team for their perseverance, support and enthusiasm that did not waiver throughout the season. We are all proud of the creative innovations that we introduced in the production of the game as well as in the rule changes that were implemented to increase the excitement and enjoyment of the game and provide a fan-friendly brand of football." Dick Ebersol, Chairman, NBC Sports and Olympics, commented, "Launching a new football league in such a short period of time was a daunting and exciting challenge, but we gave it our best shot in what clearly is a difficult and challenging sports marketplace. I especially want to salute our partners at the WWF, the fans, players and coaches who created a fun and entertaining XFL in-stadium experience." WWFE will report the operations and related costs of discontinuance of the XFL as discontinued operations in its fourth quarter results for the period ended April 30, 2001. The company anticipates that its share of the after-tax cash losses will be approximately $35 million. A conference call is scheduled for this evening Thursday, May 10, 2001 at 6:30 PM. To access the call please call 1-800-348-6379 Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include the conditions of the markets for live events, broadcast television, cable television, pay-per-view, Internet, food and beverage, entertainment, professional sports, and licensed merchandise; acceptance of the Company's brands, media and merchandise within those markets; uncertainties relating to litigation and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated. _____________________________________________ Damn. Okay, show of hands, who DIDN'T see this coming a mile and a half away?  "Now, how does one become a professional wrestler? The easiest way is to go to Harvard. They've got a great program there, only no one seems to know much about it." -"The Sarcasmoblaster" Dennis Miller Go Ahead. E-Mail Me | ||||
| WhackBagKid TALK TO ME, GOMEZ. HE WHO IS #1. | posted on 05-10-2001 @ 10:55 PM | | |||
| O&A Board Regular Registered: Sep. 00 | there isnt a god, u still post on this board, and still havent been skull fucked for having a sig pic that is 14000 over what ure supposed to have, but im not a mod so i cant do nething about that. | ||||
| spitfire421 | posted on 05-10-2001 @ 11:04 PM | | |||
| O&A Board Regular Registered: Dec. 00 | Geez, I'm glad I don't have WWF stock LOL can't wait to see those #'s tomorrow  no-one ever tends to me. Sitting alone covered in breeze. Some things are so my mind can breathe. The waiting is hard, fuckin' takes so long. Draped in sun, hands in sand. Earth acid cleanses me. It cleanses me clean, but the world it never comes(Kyuss, Space Cadet) | ||||
| King f-tard | posted on 05-11-2001 @ 8:20 AM | | |||
| O&A Board Regular Registered: Feb. 01 | I was watching sportscenter yesterday, and Menny Mayne told me about the xfl demise in one sentence and then passed to Chris McKendry and she said, only one season - too bad, with a smile and then went on, like nothing. They never got any mainstream coverage or publicity other than their boradcasters. That sucks, thats why they folded.  | ||||
| WhackBagKid TALK TO ME, GOMEZ. HE WHO IS #1. | posted on 05-11-2001 @ 2:01 PM | | |||
| O&A Board Regular Registered: Sep. 00 | spitfire - With yesterday's announcement of the XFL closing yesterday, the WWF stock has risen considerably and is up more than 10% to $14.74 so far today. Since the XFL began, WWF stock had dropped over 30%. | ||||
| spitfire421 | posted on 05-11-2001 @ 2:08 PM | | |||
| O&A Board Regular Registered: Dec. 00 | I just read that LOL...I thought for sure it would go down because they lost $35 million...but I guess everyone's just happy it's gone :) | ||||
| TeenWeek what's a status? | posted on 05-11-2001 @ 2:17 PM | | |||
| O&A Board Regular Registered: Oct. 00 | With the XFL, gone now, the WWF can start making a profit again. Hence, stock price goes up. It actually has gone down a little bit to 14.30 | ||||
| TheShocker | posted on 05-12-2001 @ 12:58 AM | | |||
| Psychopath Registered: Dec. 00 | I predict 3 effects of the XFL cancellation: 1. The WWF can now take all that money they were planning on dumping into the XFL and channel it into WCW. 2. Stone Cold Steve Austin will now NEVER host Saturday Night Live. 3. Vince McMahon will again fail to realize that every time he tries to branch out he fails miserably. "Now, how does one become a professional wrestler? The easiest way is to go to Harvard. They've got a great program there, only no one seems to know much about it." -"The Sarcasmoblaster" Dennis Miller Go Ahead. E-Mail Me | ||||
Displaying 1-8 of 8 messages in this thread. |