“Upon information and belief, the Parties are in agreement of a cure amount of $729,444.25.2 The University asserts that an additional $112,500 is due (for a total of $841,944.25) under the Venue Use Agreement for field replacement which has already occurred and costs and expenses have already been incurred. While the second installment payment of $112,500 is not due until May 2021, the University is aware that an argument could be made by a prospective purchaser in a sale that such amount accrued pre-petition and therefore should have been included in the cure amount. As a result, the University is filing this Objection to preserve the issue.
The XFL already has a great relationship with the city of Houston. Including announcing XFL’s championship game which would have been held in Houston, Texas at the TDECU Stadium.
Could the reason the XFL wants to make sure The University Of Houston gets paid from the sale, is they need that relationship for the 2021 season. We could find all this out next week when the sale of the XFL is announced.