Dwayne “The Rock” Johnson Is Buying XFL for $15 Million

The group is purchasing the football league from WWE chairman Vince McMahon.

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August
3, 2020

2 min read

” The acquisition of the XFL with my gifted partners, Dany Garcia and Gerry Cardinale, is a financial investment for me thats rooted deeply in 2 things– my passion for the game and my desire to constantly take care of the fans,” Johnson said in a declaration. “With pride and appreciation for all that Ive built with my own two hands, I prepare to apply these callouses to the XFL, and anticipate developing something special for the players, fans, and everyone included for the love of football.”.
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The XFL, founded in 2018 by WWE chairman and CEO Vince McMahon, began its inaugural season in February prior to halting play due to the global health crisis. The league filed for personal bankruptcy security in April and was preparing to go to auction prior to Johnson, Garcia and Redbirds Gerry Cardinale, a previous Goldman partner, revealed the offer Monday.

Dwayne Johnson and Dany Garcia strike once again: The power duo (and Entrepreneur cover stars) are partnering with Redbird Capital Partners to buy the XFL for $15 million..
Related: Dwayne Johnson and Dany Garcias Business Strategy: Rethink Everything!
The XFL, established in 2018 by WWE chairman and CEO Vince McMahon, began its inaugural season in February before halting play due to the worldwide health crisis. The league applied for bankruptcy security in April and was preparing to go to auction before Johnson, Garcia and Redbirds Gerry Cardinale, a previous Goldman partner, announced the offer Monday. The deal goes to insolvency court for approval August 7 and is anticipated to close on or before August 21..

With my trail blazing partner @DanyGarciaCo & & Red Bird Capital, we have actually gotten the XFL.With gratitude & & enthusiasm Ive constructed a career with my own two hands and will use these callouses to our @xfl2020 brand.Excited to create something unique for the fans! #XFL #fullcircle pic.twitter.com/LprJ6HjglD— Dwayne Johnson (@TheRock) August 3, 2020.