Former wrestler turned Hollywood superstar Dwayne “The Rock” Johnson is set to buy the second-time-belly-up XFL football league for $15 million.
Johnson, in partnership with his ex-wife Dany Garcia and investment firm Redbird Capital, is purchashing the assets of the XFL from Alpha Entertainment LLC, a private company founded by the Rock’s old boss, WWE chairman and CEO Vince McMahon.
Johnson tweeted on Monday, “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!”
Alpha Entertainment was forced to pull the plug on the XFL in April of 2020, filing for bankruptcy after the Covid-19 pandemic shut the XFL season down just five weeks into its reboot.
Details have yet to be revealed as to future plans for the league but Gerry Cardinale, Founder and Managing Partner of RedBird Capital Partners showed much promise for the leaugue in an initial statement.
“It is a privilege to partner with Dany and Dwayne on the acquisition of the XFL,” said Cardinale. “Their track record in building dynamic businesses speaks for itself, and their vision and passion for developing the XFL as a world class sports and entertainment property will enable a new future for this organization. As their partner in acquiring and relaunching the XFL, RedBird will bring its own track record and experience in building world class companies in sports and live entertainment to help realize their vision.”
No stranger to the game, Dwayne Johnson played college football for the University of Miami from 1990-1994 before doing a short stint in the Canadian Football League with the Calgary Stampeders.
“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,” Johnson said in a statement.
The XFL, originally created in 2001 alongside NBC, flopped after one season. Will ‘The Rock’ be able to electrify football fans enough to ensure the league’s success or will it be the XFL’s final smackdown?