The XFL may be free from WWE mogul Vince McMahon, but it’s staying in the wrestling family.
swooped in to buy the bankrupt football league hours before it was set to go to auction. The price was $15 million, split evenly between Johnson and investment partner RedBird Capital. Dany Garcia, Johnson’s ex-wife and business partner, is also a stakeholder in the business.
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! #XFL #fullcircle pic.twitter.com/LprJ6HjglD
— Dwayne Johnson (@TheRock) August 3, 2020
— Dany Garcia (@DanyGarciaCo) August 3, 2020
New York Yankees’ regional sports network.
XFL president Jeffrey Pollack was thrilled that a bona fide movie star bought his football league.
via Eric Fisher of SportsBusiness Group.
XFL gets another chance
Now the XFL is getting a third chance. It’s still early, so we don’t know how Johnson and RedBird Capital will approach their new football league. They may try to rebuild using the teams that had already been created (though all XFL employees were terminated in April), or if they’ll completely redo the entire league.