Dwayne ‘The Rock’ Johnson has just teamed up with an investment group to grab Vince McMahon's XFL league for $ 15 million, the league confirmed in a statement.
The league had filed for bankruptcy after being resurrected for the 2020 season - and was due to be auctioned off Monday to the highest bidder.
But, Dwayne Johnson and his partners - Dany Garcia (business partner and ex-wife of Rock) and partners of RedBird Capital (led by Gerry Cardinale) - rushed out and bought it this weekend before it was put up for auction.
The deal must now be approved by bankruptcy court on Friday - and if all goes well, it could be concluded on August 21.
The Rock (along with Dany) and RedBird are reportedly 50/50 partners in the deal.
Remember, the XFL got off to a pretty decent start in 2020 — but COVID essentially served as a death sentence to the league, forcing it to shut down in March.
The league filed for chapter 11 in April — listing $10 to $50 million in debts.
The Rock issued a statement saying, “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.”
“With pride and gratitude for all that I’ve built with my own two hands, I plan to apply these callouses to the XFL, and look forward to creating something special for the players, fans, and everyone involved for the love of football.”
#jaiyeorie 📎 The key is : Learn how to BE HAPPY BY YOURSELF FIRST. Because a human being that is happy on his/her own will never settle to be miserable with someone else. When you find happiness on your own then you will be able to spread it and share it with someone else. ... CRITIC ALSO 🖋️ spill TEA ☕ Easy on Shade 💣
The league had filed for bankruptcy after being resurrected for the 2020 season - and was due to be auctioned off Monday to the highest bidder.
But, Dwayne Johnson and his partners - Dany Garcia (business partner and ex-wife of Rock) and partners of RedBird Capital (led by Gerry Cardinale) - rushed out and bought it this weekend before it was put up for auction.
The deal must now be approved by bankruptcy court on Friday - and if all goes well, it could be concluded on August 21.
The Rock (along with Dany) and RedBird are reportedly 50/50 partners in the deal.
Remember, the XFL got off to a pretty decent start in 2020 — but COVID essentially served as a death sentence to the league, forcing it to shut down in March.
The league filed for chapter 11 in April — listing $10 to $50 million in debts.
The Rock issued a statement saying, “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.”
“With pride and gratitude for all that I’ve built with my own two hands, I plan to apply these callouses to the XFL, and look forward to creating something special for the players, fans, and everyone involved for the love of football.”
#jaiyeorie 📎 The key is : Learn how to BE HAPPY BY YOURSELF FIRST. Because a human being that is happy on his/her own will never settle to be miserable with someone else. When you find happiness on your own then you will be able to spread it and share it with someone else. ... CRITIC ALSO 🖋️ spill TEA ☕ Easy on Shade 💣
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