A group of investors that includes former WWE star Dwayne “The Rock” Johnson bought the XFL at a cost of approximately $ 15 million, according to a statement released Monday morning.’
The XFL filed for bankruptcy on April 13 and has been searching for a buyer ever since, putting itself as a league created for television and one that could take place under a bubble as early as 2021 due to the coronavirus pandemic. . It is unclear when Johnson and his investors plan to revive the league.
The XFL has been canceled twice after its first season. The first time was in 2001 and the next time was in early 2020 as a result of the pandemic, and there has not been a league that has been as successful as the AFL and led to a merger with the NFL in 1970. But the owner In the XFL, Vince McMahon was instrumental in taking off the league, when he invested $ 200 million of his own money for the second reincarnation promising to “reinvent” the game. All eight teams suspended activities after five weeks, all were released on April 10.
McMahon considered at one point looking to buy it again at the beginning of the bankruptcy but ultimately decided not to. In a statement, Johnson revealed a bit of what the league could bring once it restarted.
“The acquisition of the XFL in conjunction with my talented partners, Dany Garcia and Gerry Cardinale, is an investment that touches one of my greatest passions, football and my desire to always take care of the fans,” said Johnson, who played for the University of Miami in 1990.94. “With a lot of pride and gratitude for everything I have built with my own hands, I plan to apply hard work towards the XFL, and look forward to create something special for the players, fans and everyone who gets involved for the love of soccer. American”.
In a statement, President and Chief Operating Officer Jeffrey Pollack called the pending sale a “Hollywood finale” and said Johnson’s investors are “the dream team for the XFL to be in good hands from now on. ahead”.