Dwayne Johnson & Ex-Wife Buy XFL for $15 Million
August 4, 2020
The XFL is saying "Welcome!" to "The Rock." On Monday, the blog Sportico reported that Dwayne Johnson has partnered with the private equity investment firm Redbird Capital to purchase the beleaguered football league for a cool $15 million. The deal was allegedly agreed on just hours before the XFL was set to hit the auction block. Johnson and Redbird CEO Gerry Cardinale will each pay half of the $15 million price tag, while Johnson's ex-wife Dany Garcia, who's also his business partner, will be a stakeholder as well. XFL president Jeffrey Pollack said in a statement, "This is a Hollywood ending to our sale process and a start of fantastic new beginning for the XFL with the best possible ownership group going forward." WWE CEO Vince McMahon had first announced the XFL's return back in 2018, but the 2020 season only made it through five weeks of scheduled play before its augural season was shut down on April 10, largely due to the coronavirus pandemic; three days later, the league filed for bankruptcy. Funny enough, back when he was still just known as "The Rock," Johnson was once enlisted to hype up the crowd at an XFL game in L.A. during the league's first iteration.