As the highest paid actor in 2018, 2019 and 2020, Dwayne "The Rock" Johnson can buy just about anything he wants. Still, the former Calgary Stampeder and WWE champ has put his money at the cross-section of football and wrestling, purchasing the XFL.
Johnson and his business partner/ex-wife Dany Garcia teamed up with RedBird Capital to the buy the league in its entirety. The league was purchased for $15 million USD, which is obviously a lot of money but also seems kind of cheap for an entire sports league.
The XFL had filed for bankruptcy in April after the COVID-19 pandemic caused the cancellation of its inaugural season, which had been set to broadcast on Fox.
"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," Johnson said in a statement. "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."
The deal is expected to close on or before August 21.
Johnson and his business partner/ex-wife Dany Garcia teamed up with RedBird Capital to the buy the league in its entirety. The league was purchased for $15 million USD, which is obviously a lot of money but also seems kind of cheap for an entire sports league.
The XFL had filed for bankruptcy in April after the COVID-19 pandemic caused the cancellation of its inaugural season, which had been set to broadcast on Fox.
"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," Johnson said in a statement. "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."
The deal is expected to close on or before August 21.
