During the global health crisis, Vince McMahon filed for bankruptcy regarding XFL. The league did make a start to the season at the start of 2020, however with the Coronavirus outbreak it was unexpectedly hit hard.
It is now being reported by Sportico that XFL has been purchased by a group including multi-time WWE World Champion and now Hollywood movie star The rock. The purchase was made just hours before an auction was to take place for the failed franchise.
The pro wrestling legend joined forces with Gerry Cardinale of RedBird Capital to buy the league for a total of $15 Million. Included in the list of shareholders of the company is The Rock’s business partner and ex-wife Dany Garcia.
Having the face of Dwane Johnson involved in the franchise could pull in a lot of revenue. The fact that the wrestling icon and movie star is involved means that he could even convince non-sports fans to tune into the games when it starts back up again.
The XFL has been sold to a group that includes former WWE star Dwayne “The Rock’’ Johnson, giving the bankrupt football league the kind of star power that may draw even non-sports fans.
Johnson, an actor and producer who played college football at the University of Miami, teamed up with Gerry Cardinale’s RedBird Capital to buy the league just hours before a planned auction was scheduled to begin.
They paid $15 million, splitting it evenly. Johnson’s business partner, Dany Garcia, who is also his ex-wife, will be a stakeholder as well.
We wish The Rock all the luck in the world in getting the league up and running. We will definitely be tuning in to keep up with its progress.