In what almost seems like an episode of HBO's Ballers, former WWE star and movie mogul Dwayne "The Rock" Johnson has swept in, along with a financial group, to buy the XFL and all of its assets.
Johnson teamed up with Gerry Cardinale's RedBird Capital to buy the league just hours before a planned auction was scheduled to begin. According to a report by Sportico, Johnson and Cardinale paid $15 million, splitting it evenly. Johnson’s business partner, Dany Garcia, will be a stakeholder as well.
BREAKING NEWS: @TheRock is the new part-owner of the XFL.
— Sportico (@Sportico) August 3, 2020
Read more: https://t.co/2KzxOEUTVz pic.twitter.com/x3u2Q8q9Ik
The newest version of Vince McMahon's Xtreme Football League was announced back in December of 2018 with plans to launch in 2020. Those plans were soon affected by the global COVID-19 pandemic and in April, filed for bankruptcy only after a few games in the rebooted season of the football league that plays during the NFL's off-season.
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