Dwayne “The Rock” Johnson Buys Out Bankrupt XFL with Partners. Back in 2001, the XFL was formed and floundered after one season, in 2020 XFL founder and WWE CEO/chairman Vince McMahon aimed to bring new life to the football league before the coronavirus pandemic shut down the season, causing the league to file for bankruptcy. Lifelong football fan and previous player Dwayne “The Rock” Johnson has partnered with Dany Garcia and Gerry Cardinale for a $15 million deal to save the XFL and to prepare for future seasons with the league.
Garcia shared, “For Dwayne, Gerry and myself, this property represents an incredible opportunity. It is the confluence of great passion, tradition and possibility,” said Garcia in a press released. “Sports and entertainment are the foundations of the businesses I have built. Melding our expertise combined with our commitment to deliver exciting and inspiring unique content, has us all focused on developing the XFL brand into a multi-media experience that our athletes, partners and fans will proudly embrace and love.”
“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,” shared Dwayne Johnson. “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.”
— Dany Garcia (@DanyGarciaCo) August 3, 2020
“It is a privilege to partner with Dany and Dwayne on the acquisition of the XFL,” said Cardinale. “Their track record in building dynamic businesses speaks for itself, and their vision and passion for developing the XFL as a world class sports and entertainment property will enable a new future for this organization. As their partner in acquiring and relaunching the XFL, RedBird will bring its own track record and experience in building world class companies in sports and live entertainment to help realize their vision.”
“We are grateful for today’s outcome,” said Jeffrey Pollack, XFL President/COO. “This is a Hollywood ending to our sale process and it is an exciting new chapter for the league. Dwayne, Dany and Gerry are a dream team ownership group and the XFL is in the best possible hands going forward.”
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Featured Photo Credit: SAMIR HUSSEIN/WIREIMAGEGETTY IMAGES/XFL
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