Apr 2020 staff moves and industry news in one spot — updated as they happen, so make sure you check back throughout the month.
John McDonough has been released from his role as President & CEO of the Chicago Blackhawks, while VP & Alternate NHL Governor, Danny Wirtz, has been named interim President and will lead the search for McDonough’s replacement.
Apr 10, 2020
Apr 13, 2020
Alpha Entertainment files for Chapter 11 bankruptcy protection for the XFL, estimating more than 1,000 creditors and liabilities between $10-$50 million. According to the filing, WWE owned 23.5% of Class B shares in the league, while Vince McMahon, through Alpha, owned all Class A shares and the remainder of Class B shares. “Unfortunately, as a new enterprise, we were not insulated from the harsh economic impacts and uncertainties caused by the COVID-19 crisis,” the XFL said in a statement. “Accordingly, we have filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code.” The league chose Chapter 11 rather than Chapter 7 as it is reportedly seeking a buyer.
Apr 22, 2020
The National Women’s Hockey League (NWHL) announces the league will field an expansion team in Toronto, Ont., when the league opens its sixth season. The ownership team is led by Johanna Neilson Boynton, CEO and co-Founder of Boynton Brennan Builders. Tyler Tumminia will serve as the club’s Chair, while Digit Murphy has been named President.
Apr 23, 2020
Shareholders of special purpose acquisition company Diamond Eagle Acquisition Corp. formally vote to approve the three-way merger with DraftKings and gaming technology provider SBTech, paving the way for the privately held DraftKings to become a publicly traded company.
Apr 24, 2020
The new DraftKings begins trading publicly on the New York Stock Exchange under ticker symbol DKNG.
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