Report: Vince McMahon starting new XFL in 2020

Vince McMahon, the founder of WWE and architect of the XFL, announced Thursday that he is bringing back the professional football league he started back in 2001, although with fewer gimmicks.

ESPN reported Thursday that McMahon was set to announce that he's making another attempt at a league, which will indeed be called the XFL.

SEE EARLIER: Report: Vince McMahon to form new pro football league

The league will begin with eight 40-man teams playing a 10-week schedule starting in 2020, providing two years to prepare for on-field action. The original XFL, which lasted just one season, played games a year after it was announced. According to McMahon, the new iteration will be focused on being faster-paced, easier to understand and family friendly, not relying on flashy cheerleaders and antics like the original XFL.

McMahon will be the sole source of funding for the league, which will require an initial outlay of around $100 million.

In December, McMahon and the WWE formally notified the Securities and Exchange Commission that the company's chairman, McMahon, would sell approximately $100 million in stock to fund Alpha Entertainment. The company was founded to make investments "including professional football," according to that filing.

"I wanted to do this since the day we stopped the other one," McMahon told ESPN. "A chance to do it with no partners, strictly funded by me, which would allow me to look in the mirror and say, 'You were the one who screwed this up,' or 'You made this thing a success.'"

18 PHOTOS
Looking back at the original XFL
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Looking back at the original XFL
12 Jul 2000: Vince McMahon smiles during the XFL Press Conference at the House of Blues in Los Angeles, California.Mandatory Credit: Tom Hauck /Allsport
4 Jan 2001: A general view of the official XFL Football during the Los Angeles Extreme Training Camp at the Sam Boyd Stadium in Henderson, Nevada.Mandatory Credit: Jeff Gross /Allsport
385125 01: Kasey Simons, an 8 year old girl from Tampa, Florida screams during a pep rally for the new XFL Orlando Rage February 2, 2001 in Orlando, Florida. The pep rally was held at Universal Studio's Citywalk. (Photo by Preston Mack/Newsmakers)
3 Feb 2001: Haven Fields #52 of the New York/New Jersey Hitmen stands in the team huddleduring the game against the Las Vegas Outlaws at the Sam Boyd Stadium in Las Vegas, Nevada. The Outlaws defeated the Hitmen 19-0.Mandatory Credit: Todd Warshaw /Allsport
3 Feb 2001: Leo Araguz #2 of the New York/New Jersey Hitmen moves in to kick the ball held by Cortez Guffey #11 during the game against the Las Vegas Outlaws at the Sam Boyd Stadium in Las Vegas, Nevada. The Outlaws defeated the Hitmen 19-0.Mandatory Credit: Todd Warshaw /Allsport
03 Feb 2001: Russell Lala of Melbourne, Florida cheers for the Orlando Rage during XFL opening night against the Chicago Enforcers at the Citrus Bowl in Orlando, Florida. DIGITAL IMAGE Mandatory Credit: Andy Lyons/ALLSPORT
ORLANDO, UNITED STATES: Orlando Rage wide receiver Kevin Swayne (4) runs past Chicago Enforcers back Corey Ivy (24) for a touchdown during the first quarter of the new XFL league opening game at the Florida Citrus Bowl in Orlando, 03 February 2001. AFP PHOTO/Tony RANZE (Photo credit should read TONY RANZE/AFP/Getty Images)
4 Feb 2001: A general view of the game between the Los Angeles Xtreme and the San Francisco Demons at the Pac Bell Stadium in San Francisco, California. The Demons defeated the Xtreme 16-15.Mandatory Credit: Tom Hauck /Allsport
4 Feb 2001: Jermaine Copeland #86 of the Los Angeles Extreme carries the ball as he is tackled by Wendell Davis #21 of the San Francisco Demons at Pac Bell Stadium in San Francisco, California. The Demons defeated the Extreme 16-15.Mandatory Credit: Tom Hauck /Allsport
4 Feb 2001: A general view of the field with the Golden Gate Bridge in the background taken during the game between the Los Angeles Extreme and the San Francisco Demons at Pac Bell Stadium in San Francisco, California. The Demons defeated the Extreme 16-15.Mandatory Credit: Tom Hauck /Allsport
10 Feb 2001: Jamal 'Deathblow' Duff #96 of the Los Angeles Xtreme takes a break during the game against the Chicago Enforcers at the L.A. Coliseum in Los Angeles, California. The Xtreme defeated the Enforcers 39-32.Mandatory Credit: Stephen Dunn /Allsport
10 Feb 2001: A general view of an Orlando Rage fan holding a sign during the game against the San Francisco Demons at the Citrus Bowl in Orlando, Florida. The Rage defeated the Demons 26-14.Mandatory Credit: Andy Lyons /Allsport
10 Feb 2001: Dialleo Burks #81 of the Orlando Rage and Brandin Young #23 of the San Francisco Demons scramble for the ball before the start of the game, to see who will receive and who will kick, at the Citrus Bowl in Orlando, Florida. This is the XFL answer to the traditional coin toss. Mandatory Credit: Andy Lyons/ALLSPORT
24 Feb 2001: Wally Richardson #14 of the New York/New Jersey Hitmen runs with the ball during the game against the Chicago Enforcers at Soldier Field in Chicago, Illinois. The Hitmen defeated the Enforcers 13-0.Mandatory Credit: Jonathan Daniel /Allsport
18 Mar 2001: Saladin McCoullough #24 of the Los Angeles Xtreme is tackled by Stephen Fisher #35 and Louis Riddick #33 of Orlando Rage at the Los Angeles Coliseum in Los Angeles, California. The Xtreme defeated the Rage 31-6.Mandatory Credit: Christopher Ruppel /Allsport
15 Apr 2001: Saladin McCullough #24 of the Los Angeles Xtreme runs for a touchdown against the Chicago Enforcers at Memorial Coliseum in Los Angeles, California. DIGITAL IMAGE. Mandatory Credit: Scott Halleran/ALLSPORT
21 Apr 2001: The Los Angeles Xtreme and the San Francisco Demons during the XFL Championship game at the Los Angeles Coliseum in Los Angeles, California. DIGITAL IMAGE. Mandatory Credit: Scott Halleran/Allsport
21 Apr 2001: Tinker Keck #23 of the Los Angeles Xtreme celebrates after defeating the San Francisco Demons 38-6 in the XFL Championship game at the Los Angeles Coliseum in Los Angeles, California. DIGITAL IMAGE. Mandatory Credit: Scott Halleran/Allsport
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McMahon added that there will be no place for players to make social or political demonstrations, such as kneeling during the national anthem, noting his position as owner of all teams will allow him to make rules against such things. He also said the league will not have players with a criminal record, nor will any preference given to big-name, marketable players who can't cut it on the field.

Though the NFL's ratings declines have been a major story over the last year, McMahon said that wasn't a factor in the timing of his announcement.

"The start of this league has nothing to do with the NFL's troubles," McMahon said. "What has happened there is their business, and I'm not going to knock those guys, but I am going to learn from their mistakes as anyone would if they were tasked with reimagining a new football league."

He added that the XFL will not be a developmental league for the NFL, though it's unclear if top players will be able to jump to the NFL if they prove themselves worthy.

--Field Level Media

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