Tuttowrestling Forum

Former XFL Commissioner and CEO Oliver Luck is suing Vince McMahon for wrongful termination.

Luck has filed suit against the XFL boss and WWE Chairman, claiming he was wrongfully terminated after the league folded due to the coronavirus earlier this month, according to TMZ.

Luck says he received a termination letter spelling out the case against him on Thursday, April 9, but he denies any wrongdoing and says the allegations against him are not true.

In the suit, Luck says he fulfilled his end of the deal and ran the league from its resurrection in January 2018, only to be wrongfully terminated. Regarding the specific allegations against him, Luck redacted those details in the lawsuit. This is likely due to a confidentiality agreement he had with the league from when he first signed.

Luck is suing McMahon to hold him responsible for paying out a guaranteed portion of his contract. There’s no word yet on how much money that is.

The XFL recently folded for a second time and filed for Chapter 11 Bankruptcy due to losses from the COVID-19 outbreak.

LOP

Although the exact number isn’t known due to confidentiality in the contract, it’s believed that Vince McMahon owed Oliver Luck around $20 million. The money owed to Luck was a guaranteed amount and was not contingent on whether the company was successful or not. Once McMahon realized he had to shut down operations of the XFL, he stopped all communications with Luck. Luck’s firing was believed to have come out of nowhere and was done through a letter in the mail with a list of reasons for why he was being terminated by “due cause.”

Details were later revealed that the XFL hadn’t actually lost as much money as originally reported. In fact, some of the money XFL will owe back goes to Vince McMahon himself because the money he claimed to be putting into the company was actually just a loan. By loaning money and firing the executives for due cause, McMahon has become the leading name in the debt owed to individuals because it makes him an accreditor during the bankruptcy. McMahon loaned the money so that they could make the last two weeks of payroll, and then he would get the money back in the bankruptcy process. The amount loaned was actually far less than he originally said he was going to be putting in.

It’s believed that McMahon’s business rep during this whole process has taken a massive hit. The deal coming out of the bankruptcy screws almost everyone out of money despite what their contracts guaranteed them. Luck’s lawsuit is that he was wrongfully terminated and that the money he was guaranteed is still owed to him, especially considering the company hadn’t lost nearly as much money as originally thought.

(credit: f4wonline.com)

Joy Black ha scritto: ↑23/04/2020, 15:21 In sintesi, Luck, il Ceo della XFL, ha fatto causa a Vince ed stanno emergendo diverse cose:
- Che la compagnia non stava perdendo così tanti soldi come si pensava.
- Vince quando ha deciso di chiudere tutto, ha interrotto la comuncazione con il CEO, poi lo ha licenziato e accusato di non aver lavorato bene (che contando che la compagnia stava perdendo meno di quanto ci aspettava è abbastanza incredibile). Luck però aveva un contratto garantito di 3 anni quindi Vince lo deve pagare.
- Vince si è dichiarato parte lesa nella bancarotta, perché ora è uscito che i soldi che lui hai investito nella XFL era in realtà un prestito, quindi è un creditore. Quindi sostanzialmente ha fatto chiudera la XFL e licenziato tutti per aver il risarcimento. (sto semplificando, ma la sostanza sembra essere questa). (come questa cosa possa essere legale non ho idea)
- Molto probabilmente questa non sarà l'unica causa contro Vince.



Come fa notare Meltzer alla fine del video, la causa fra Luck e Vince sarà lunga e sebbene comuqnue Luck di soldi ne abbia, Vince è in condizione economica per reggere un lungo processo molto più di Luck, quindi è probabile che finisca con un patteggiamento con un accordo di segretezza.

luchador ha scritto: ↑04/08/2020, 17:10 Ma il senso di questo investimento? A The Rock piace buttare via i soldi cosi? XFL è un'idea nata fallimentare sin dall'inizio.