During the Coronavirus pandemic, it emerged that Vince McMahon filed for bankruptcy. The league restarted in early-2020, but was unsurprisingly hit incredibly hard by the pandemic.
It is now being reported by Sportico that the XFL has been bought, in part, by Hollywood movie star and multi-time WWE World Champion The Rock. This came just hours being an auction was set to take place.
The former WWE star joined forces with Gerry Cardinale of RedBird Capital to purchase the league for a combined $15 million. Rock’s ex-wife and business partner, Dany Garcia, is also said to be a shareholder in the deal.
The Rock is obviously a huge coup for the XFL. Having the wrestling icon and movie star involved in the franchise could even convince non-sports fans to tune into the product when it picks back up again.
The XFL has been sold to a group that includes former WWE star Dwayne “The Rock’’ Johnson, giving the bankrupt football league the kind of star power that may draw even non-sports fans.
Johnson, an actor and producer who played college football at the University of Miami, teamed up with Gerry Cardinale’s RedBird Capital to buy the league just hours before a planned auction was scheduled to begin.
They paid $15 million, splitting it evenly. Johnson’s business partner, Dany Garcia, who is also his ex-wife, will be a stakeholder as well.
For more on this constantly developing story, make sure you stay tuned to WrestleTalk.com.