WWE Superstar The Rock Buys The XFL For $15 Million, The Rock Confirms
According to the report from Sportico.com, Dwayne “The Rock” Johnson and Gerry Cardinale’s RedBird Capital have purchased the XFL football league. They paid $15 million, splitting it evenly. Johnson’s business partner, Dany Garcia, who is also his ex-wife, will be an equal stakeholder with him.
The league was founded in 2018 and began play It was headquartered in Stamford, Connecticut, and was the successor to the original XFL, which was controlled by Vince McMahon's World Wrestling Federation (WWF, now WWE) and NBC, and ran for a single season in 2001.
After 5 weeks of play, the XFL announced that its inaugural season would come to a close on March 12 because of growing COVID-19 pandemic concerns and social distancing mandates. On April 10, the league suspended day-to-day operations and laid off its employees; it filed for bankruptcy three days later and put itself up for sale. On April 21, recently fired former XFL commissioner Oliver Luck sued McMahon for wrongful termination.
Later, The Rock official confirmed the news through twitter.
The Rock wrote, "With my trail blazing partner @DanyGarciaCo & Red Bird Capital, we have acquired the XFL. With gratitude & passion I’ve built a career with my own two hands and will apply these callouses to our @xfl2020 brand. Excited to create something special for the fans!."
With my trail blazing partner @DanyGarciaCo & Red Bird Capital, we have acquired the XFL.— Dwayne Johnson (@TheRock) August 3, 2020
With gratitude & passion I’ve built a career with my own two hands and will apply these callouses to our @xfl2020 brand.
Excited to create something special for the fans! #XFL #fullcircle pic.twitter.com/LprJ6HjglD
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