Entertainment

Dwayne Johnson, Garcia and RedBird purchase XFL for $15 million

Summary

Former wrestler and Hollywood actor Dwayne Johnson teamed up with ex-wife Dany Garcia and funding firm RedBird Capital Companions to purchase the XFL for $15 million, hours earlier than the bankrupt American soccer league was set to be auctioned. […]

Former wrestler and Hollywood actor Dwayne Johnson teamed up with ex-wife Dany Garcia and funding firm RedBird Capital Companions to purchase the XFL for $15 million, hours earlier than the bankrupt American soccer league was set to be auctioned.

They have been chosen because the profitable bidder for “considerably the entire property of Alpha Leisure LLC” – dad or mum firm of the XFL.

The XFL, a reboot of the 2001 league of the identical title, had filed for Chapter 11 chapter safety in April, a month after it needed to cancel the rest of its inaugural season due to the COVID-19 pandemic.

“We’re grateful for as we speak’s end result. This can be a Hollywood ending to our sale course of and it’s an thrilling new chapter for the league,” XFL president and COO Jeffrey Pollack mentioned in an announcement on Monday.

“(They) are a dream group possession group and the XFL is in the very best palms going ahead.”

The transaction is topic to chapter courtroom approval at a listening to on Friday.

The brainchild of Vince McMahon, the XFL 2.Zero was the second try by the World Wrestling Leisure CEO to offer an NFL different to American soccer followers.

Popularly often called ‘The Rock’, Johnson is legendary for his roles in well-liked film franchises such because the ‘Quick & Livid’ and ‘Jumanji’.

“With gratitude and fervour I’ve constructed a profession with my very own two palms and can apply these callouses to our @xfl2020 model,” Johnson wrote on Twitter. “Excited to create one thing particular for the followers!”

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The 48-year-old was a school soccer participant on the College of Miami who went undrafted within the 1995 NFL Draft earlier than he ultimately switched to wrestling.

Disclaimer: This put up has been auto-published from an company feed with none modifications to the textual content and has not been reviewed by an editor


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