A major university in Texas could be receiving a substantial amount of money in the pending sale of the XFL, which filed for bankruptcy earlier in the year. According to XFL News Hub, the University of Houston, which hosted the XFL’s Houston Roughnecks at TDECU Stadium, is looking to be made whole with more than $800,000 in the pending sale.
UH, in addition to hosting the Roughnecks, was also home to the XFL’s training camp ahead of its short-lived 2020 season, and the has the potential to host games once again if the league can be revitalized. A section of a recent court filing, as provided by XFL News Hub, indicated that both parties already agreed to a payment of nearly $730,000, but UH claims that an additional $112,500 is due.
“Upon information and belief, the Parties are in agreement of a cure amount of $729,444.25.2 (UH) asserts that an additional $112,500 is due (for a total of $841,944.25) under the Venue Use Agreement for field replacement which has already occurred and costs and expenses have already been incurred. While the second installment payment of $112,500 is not due until May 2021, the University is aware that an argument could be made by a prospective purchaser in a sale that such amount accrued pre-petition and therefore should have been included in the cure amount. As a result, the University is filing this Objection to preserve the issue.
WHEREFORE, the University respectfully requests that the Court permit the University to preserve the issue that the referenced $112,500 shall be due and owing under the terms of the Agreements upon any assumption and assignment, and grant the University such other and further relief, both at law and in equity, to which the University may justly be entitled.”
The XFL ceased all operations in mid-March amid the COVID-19 pandemic. At the time of the stoppage, there had been five weeks of play in the newly formed football league.
In a statement put out by the XFL at the time of the stoppage, the league maintained that they were committed to playing a full season in 2021 and beyond. However, those hopes took a major blow in April when the league filed for chapter 11 bankruptcy.
Before the shutdown, the XFL had completed five weeks of its ten-week regular season with its eight teams. The season, which began on February 8th, was scheduled through April 12th. The league was broken up into two divisions of four teams each, with the top two in each division advancing to the postseason.
This was Vince McMahon’s second go at the XFL, who originally started the league in 2001, which also folded after one season. For the second try at the XFL, McMahon hired Commissioner Oliver Luck to create a serious football league with slight rule variations that would attract fans to tune in. Some of those rule variations included a new kickoff alignment and a three-tiered extra point system.
For at least one player, the XFL was a massive success. When the Carolina Panthers agreed March 23 to sign P.J. Walker, the former Temple quarterback proved that the XFL had worked in providing players NFL opportunities. As the star of the XFL’s relaunch for the 2020 season, Walker starred in five games on the Houston Roughnecks and was rewarded with the Panthers’ two-year contract for $1.6 million.