Dwayne “The Rock” Johnson, Dany Garcia & RedBird Capital Acquire XFL for $15 million
After a semi-successful revival and a pandemic-caused ending, the XFL is in new hands.
Dwayne “The Rock” Johnson, Dany Garcia (his ex-wife and business partner) and RedBird Capital teamed up to buy the league just hours before its auction started.
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! #XFL #fullcircle pic.twitter.com/LprJ6HjglD
— Dwayne Johnson (@TheRock) August 3, 2020
For The Love of Football
For The Love of The Athletes
For The Love of The Fans@xfl2020 #Owner @TheRock #GerryCardinale pic.twitter.com/gNTHiJeDp8
— Dany Garcia (@DanyGarciaCo) August 3, 2020
Sportico broke the news and reports this group’s bid was the only qualified bid, according to a court filing. Also, the acquisition is subject to “bankruptcy court approval” on Friday at a hearing. If closing conditions are accepted, the sale is expected to “close on or shortly after Aug. 21.”