That got reported wrong. Some guys didn’t get their checks for 3 or 4 days because of a glitch with their new computer system. They had enough money to fund the league for 2 seasons BEFORE the quarter billion $ investment from the Carolina billionaire.
Vince McMahon jumped all over the story to disparage the league as did the snoots in the sports media who are programmed like robots to spout their negative talking points against any new league.
I believe you. But then I’m still trying to figure out why they took a $250M emergency investment if they had enough cash to fund the league for 2 years?
And my understanding is the guy who funded this latest round got a huge piece of equity – somebody quoted by ESPN says he now “effectively owns the league”.
I’m curious because the first rule of starting a new business is never get more investment than you actually need. But that sounds like exactly what they did.