In what many people could think is just a storyline from the Rock’s TV show Ballers, Dwayne “The Rock” Johnson has purchased the XFL. That’s right, the short lived second attempt from Vince McMahon and WWE of a Football league has been bought by the Rock and his business partners Danny Garcia as well as Investment firm RedBird Capital. Vince McMahon recently declared bankruptcy following the premature closure of its debut season thanks to the Global Health crisis that is Covid 19. Now it would seem, as it has been confirmed by the man himself on twitter, that The Rock and his business partners have purchased the rights to the Brand and all of it’s business assets.
The XFL has been a pet project of Vince McMahon and the WWE, always wanting to put on their own football league that could rival the NFL and after failed attempt back in 2001 that only lasted 12 games, the Project was resurrected in 2018 and seen to fruition having kicked off earlier this year. However it was forced into closure when live sporting events had to be cancelled due to growing concern of Covid 19. As such Vince McMahon declared the company bankrupt and the League was set to go off to auction as part of bankruptcy proceedings, however the XFL never made it, as the Rock and his Partners came in with a reported bid of $15million.
There has been no word yet of if the Rock and his partners have any intention to once again resurrect the League once social distancing restrictions are relaxed and crowds can once again attend live sporting events. The Rocks Investment firm partner RedBird Capital have made a few recent purchases the sporting world, including some NFL properties, the French Ligue 1 Football team Toulouse as well as other sporting ventures.
Andrew More
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