The group buys the football league from WWE President Vince McMahon.
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Dwayne Johnson and Dany Garcia They return to the charge: the star duo (who was the cover of s in the U.S.) are working with RedBird Capital Partners to buy the XFL for $ 15 million.
The XFL, founded in 2018 by WWE President and CEO Vince McMahon, started its opening season in February before stopping the game due to the global health crisis. The league filed for bankruptcy in April and was preparing for an auction before Johnson, Garcia and Gerry Cardinale from a former Goldman partner, RedBird, announced the deal on Monday. The settlement reached the bankruptcy court on August 7 for approval and is expected to be completed before August 21.
With my pioneering partner @DanyGarciaCo Red Bird Capital, we acquired XFL.
With gratitude and passion, I have built a career with my own two hands and will apply these callouses to ours @ xfl2020 Brand.
Excited to create something special for the fans! #XFL #full circle pic.twitter.com/LprJ6HjglD
– Dwayne Johnson (@TheRock) August 3, 2020
“The acquisition of XFL with my talented partners Dany Garcia and Gerry Cardinale is an investment for me that is deeply rooted in two things: my passion for the game and my desire to always take care of fans,” Johnson said in a release. Statement. “With pride and gratitude for everything I have built with my own hands, I plan to apply this deafness to the XFL and I hope to create something special for the players, fans and everyone involved for the love of football. “