Dwayne ‘The Rock’ Johnson steps back on the field acquiring bankrupt XFL

August 4, 2020 Facebook Twitter LinkedIn Google+ Deal Flow

Dany Garcia Dwayne Johnson

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Dany Garcia Dwayne JohnsonDwayne “The Rock” Johnson and business partner Dany Garcia, alongside investment firm RedBird Capital have acquired the XFL for $15 million.   The XFL’s parent company Alpha Entertainment filed for bankruptcy at the start of the year after a failed reboot by WWE President and CEO Vince McMahon.

The deal is subject to bankruptcy court approval at a hearing on Friday. As long as closing conditions are approved, the sale will be finalized shortly after Aug. 21.

Dwayne added,  “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,” he 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.”

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