The Rock buys XFL $$$

08/03/2020

The re-branded XFL got off to a great start but fell short from the corona virus pandemic.  After shutting down, the company filed bankruptcy that left many convinced that there would be no more league.  However, it is now reported that the league has been purchased by a group that includes Dwayne "The Rock" Johnson.  The buyout for the XFL went for $15 million.  According to Felix Upton, RingSide News, the transaction happened hours prior to an auction that was set for the company.  

Here is a statement from The Rock:

"The acquisition of the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is an investment for me that's rooted deeply in two things -- my passion for the game and my desire to always take care of the fans," said Johnson, who played football at the University of Miami from 1990 to 1994. "With pride and gratitude for all that I've built with my own two hands, I plan to apply these callouses to the XFL and look forward to creating something special for the players, fans and everyone involved for the love of football." - ESPN Kevin Seifert

TMZ reports that the deal must now be approved in bankruptcy court on Friday.  Should everything be settled, the close can happen as early as August 21, 2020.  The Rock with Dany Garcia (Rock's business partner and ex-wife) and RedBird Capital (led by Gerry Cardinale) are reportedly 50/50 partners in the deal.