This is like a real life episode of Ballers. Dwayne ‘The Rock’ Johnson and his investment firm RedBird Capital bought the XFL for $15 million. The purchase was made just hours before the league was ready to be auctioned. As the league was previously owned by Vince McMahon’s World Wrestling Federation (WWF, now WWE), it is interesting to see it remain within the professional wrestling family.
The XFL is a professional American football league founded in 2018. There are eight teams split between two East and West divisions. All eight teams are operated by the league instead of the franchise model seen in the NFL.
Johnson, world renowned actor, entertainer and professional wrestler also played football for the University of Miami and the Canadian Football League (CFL).
‘The Rock’ issued a statement regarding his most recent venture. “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 continued, “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.”
According to U.S. Editor for SportBusiness Group Eric Fisher, “The deal is still subject to bankruptcy court approval on August 7.”