TMZ reports that Dwayne Johnson “teamed up with an investment group to snatch up Vince McMahon’s XFL league for $15 million, the league confirms in a statement.”
“The league had filed for bankruptcy after being resurrected for the 2020 season — and was supposed to be auctioned off to highest bidder on Monday. But, Dwayne Johnson and his partners — Dany Garcia (Rock’s business partner and ex-wife) and partners at RedBird Capital (led by Gerry Cardinale) — swooped in and bought it up this weekend before it hit the auction block. The deal must now be approved in bankruptcy court on Friday — and if everything goes smoothly, it could close by 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.”