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Dwayne Johnson and Redbird Capital Buy XFL for $15 Million

2020-08-03 578 Dailymotion

Dwayne Johnson and Redbird Capital Buy XFL for $15 Million The actor and private equity <br />firm purchased the football <br />league just hours before it was <br />meant to go up for auction. The sale was split evenly between <br />the two parties, with Johnson’s <br />business partner Dany Garcia <br />joining as a stakeholder. Johnson’s involvement is anticipated to draw non-sports fans and appeal to broadcast networks hoping to partner with the star. XFL filed for bankruptcy in April, <br />after it was forced to cancel its <br />inaugural season due to the <br />global coronavirus pandemic. The league was founded by former WWE Chairman and CEO Vince McMahon, who spent the past two years developing its reboot.

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