April 10, 2000 Wrestling Observer Newsletter: Wrestlemania 16 reviewed, NBC buys into the XFL, more

Wrestlemania XVI, the first Wrestlemania that seemed to take on almost Super Bowl or Final Four level proportions as an American institution, turned out like many Super Bowls, with a flat crowd, a been there, done that main event finish ending a disappointing match, and with the exception of a ladder match, which was an amazing stunt show, it was probably not as good as an average episode of Raw.

The show ended with Hunter Hearst Helmsley retaining the title when Vince McMahon, instead of Mick Foley, was the one to make the heel turn screwing The Rock at the end. The ending came off too reminiscent of a WCW NWO reprise ending a Nitro as opposed to a finish of the biggest show in the history of the industry. The finish had been built up all day, when, during the pre-game show, the attempt was made to focus the success and history of the WWF on the McMahon family as opposed to the wrestlers, as the old style version of fans’ mythology would have believed it to be.

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February 14, 2000 Wrestling Observer Newsletter: Vince McMahon announces the XFL, 1999 awards, more

Vince McMahon made sports and business headlines on 2/3 with the announcement of him starting his own professional football league called the XFL.

McMahon, who failed in negotiations last year to buy the Canadian Football League, looks to be that league’s No. 1 rival for players not quite good enough for the NFL in his eight-team league scheduled to start in February 2001 with each team playing ten games and ending with championship playoffs in April.

The announcement sent his stock prices tumbling, closing at press time at $11.38 per share on 2/8, down from $17.88 at the time of the announcement, meaning McMahon’s own personal paper worth in WWFE stock dropped from a high of $1.66 billion when the stock opened at 34 to the public down to the current $555.9 million, with his personal on paper losses since the football announcement being $317.8 million over five days.

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ESPN debuting XFL edition of ’30 for 30′ in February

Image: ESPN

The story of the XFL will soon be coming to your television screens.

ESPN announced in a press release on Thursday morning that an edition of their 30 for 30 documentary series focusing on the XFL would premiere on February 2nd at 9 p.m. ET. The project — titled “This was the XFL” — was previously announced by Jonathan Coachman on an edition of The Ross Report with Jim Ross last May.

It seems that Vince McMahon will be heavily present in the documentary, with ESPN’s press release touting that it will feature both McMahon and NBC executive Dick Ebersol. Director by Ebersol’s son Charlie, the documentary will focus on McMahon and Ebersol’s friendship as they attempted to build the failed football league.

Calling the league a “bold challenge, a fearless experiment and ultimately, a spectacular failure,” the press release noted that the documentary will focus not only on the failure of the XFL, but the influence it had on the way that sporting events are broadcast today.

The XFL operated as a collaboration between WWE and NBC for one season in 2001 while losing tens of millions of dollars for both companies.