Live coverage of Vince McMahon's major announcement


Vince McMahon announced a return to professional football on Thursday at a 3 p.m. press conference, which can be found streaming live above. He officially confirmed the relaunch of the XFL.

McMahon filed paperwork to sell $100 million stock in WWE, funding Alpha Entertainment to start the professional football league.

In his return to football, there have been reports that McMahon could consider selling the company, as FOX is reportedly hovering with interest.

Via a report from PWInsider, WWE's production team has been working on video packages geared towards promoting the impending return of the XFL. Moreover, that the return of the defunct league is scheduled for 2020.

Started in 2001, the XFL lasted just one season.

According to a report, McMahon's top choice to build the football league around is Johnny Manziel.