A group that includes Hollywood action star and former WWE superstar Dwayne ‘The Rock’ Johnson has agreed to purchase the XFL for approximately $15 million, according to an official press releases that was issued on Monday.
The XFL declared Chapter 11 bankruptcy back on April 13th, and they have been actively seeking a buyer for the past 3 months saying that they could transition to a bubble concept as early as 2021 in the midst of the coronavirus pandemic.
The group includes Johnson, his business partner and ex-wife Dany Garcia and RedBird Capital Partners, and at this time it is unclear if they have any plans to revive the league.
“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. “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.”