Dwayne Johnson Purchases The XFL In $15 Million Investment Deal

Sports entertainment mogul Vince McMahon’s football league, the XFL, had its second untimely end earlier this year in the wake of the coronavirus, but now the organization’s third chapter has begun, thanks to one of the most big stars of McMahon’s World Wrestling Entertainment. It was Dwayne Johnson, also known as The Rock, who, along with an investment group, bought the bankrupt XFL for $ 15 million.

If that sounds like a bargain for an entire football league, however bad it may be, you’re right: Vince McMahon reportedly invested $ 200 million or more in the XFL before he had to file for bankruptcy in April. year.

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In a press release, Johnson says he plans to relaunch the XFL for a third try, but the statement does not go into timeline details:

“Acquiring the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is for me an investment deeply rooted in two things – my passion for the game and my desire to always take care of the fans… With pride and gratitude for everything what I built with my own hands, I plan to apply these calluses to the XFL, and I can’t wait to create something special for players, fans and everyone involved for the love of football . “

XFL prez Jeffrey Pollack will obviously stay on board, and in his own press release spoke enthusiastically about this new phase for the company:

“It’s a Hollywood end to our sales process and the start of a fantastic new start for the XFL with the best possible ownership group going forward.”

This will of course not be Johnson’s first association with football, as he played at the University of Miami during his college days, before entering wrestling.



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