WWE chairman Vince McMahon announced on Thursday that he's giving professional football another try.
The league will be called the XFL, the same name of the league McMahon tried for one season in 2001.
McMahon is the sole funding source for the league, which is slated to begin play in January 2020. The first season will feature eight teams from around the country playing a 10-week schedule. The initial outlay of money is expected to be around $100 million, the same amount of WWE stock McMahon sold last month and funneled into Alpha Entertainment, the company he founded for the project.
"I wanted to do this since the day we stopped the other one," McMahon said. "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.'"