The Rock to buy the XFL
Posted: Mon Aug 3, 2020 4:06 pm
A group including actor and former WWE star Dwayne "The Rock" Johnson has agreed to purchase the XFL for approximately $15 million, according to a news release issued Monday morning.
The XFL declared Chapter 11 bankruptcy April 13 and has been seeking a buyer for the past three months, marketing itself as a made-for-TV product that could transition as early as 2021 to a bubble concept during the coronavirus pandemic. It is unclear when Johnson and his investors -- who include his business partner and ex-wife, Dany Garcia, along with RedBird Capital Partners -- plan to revive the league.
https://www.espn.com/xfl/story/_/id/29588303/dwayne-rock-johnson-investor-group-agree-buy-xfl-15m
The XFL declared Chapter 11 bankruptcy April 13 and has been seeking a buyer for the past three months, marketing itself as a made-for-TV product that could transition as early as 2021 to a bubble concept during the coronavirus pandemic. It is unclear when Johnson and his investors -- who include his business partner and ex-wife, Dany Garcia, along with RedBird Capital Partners -- plan to revive the league.
https://www.espn.com/xfl/story/_/id/29588303/dwayne-rock-johnson-investor-group-agree-buy-xfl-15m