"The Rock bought the XFL for $15 million — which is valued as highly as $50 million — with his ex-wife as part-owner and just hours before the league hit auction. The XFL was relaunched by WWE … "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. The XFL has twice shuttered after one season, first in 2001 and again earlier this year as a result of the pandemic, and there hasn't been a successful alternative professional football league since the AFL forced a merger with the NFL in 1970. Dwayne 'The Rock' Johnson and private equity firm RedBird Capital have agreed a $15million deal to purchase the XFL. Dwayne “The Rock” Johnson is splurging $AUD21 million to buy the bankrupt XFL from WWE supremo Vince McMahon. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Dwayne 'The Rock' Johnson and private equity firm RedBird Capital have agreed a $15million deal to purchase the XFL. Johnson and RedBird Capital purchased the XFL for $15 million on Monday morning, hours before a bankruptcy auction of the failed football league was scheduled to begin, according to Sportico . To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Dwayne Johnson attends the HBO "Ballers" premiere in New York, July 14, 2016. The sale must be approved by a bankruptcy judge at a hearing Friday. Dwayne 'The Rock' Johnson and Dany Garcia Purchase the XFL. The XFL has been sold to an investment group that includes actor and retired professional wrestler Dwayne 'The Rock' Johnson. Audience Relations, CBC P.O. Kevin Seifert analyzes Dwayne Johnson's plan for the XFL after The Rock purchased the league with a group of investors. Former wrestler and Hollywood actor Dwayne Johnson teamed up with ex-wife Dany Garcia and investment company RedBird Capital Partners to buy the XFL … Dwayne 'The Rock' Johnson and RedBird Capital have agreed a $15million deal to purchase the XFL. The XFL assets will be sold to Garcia, Johnson and RedBird for approximately $15 million, in accordance with the terms and conditions of the asset purchase agreement. Organizational plans for the newest version of the XFL are not clear. With my trail blazing partner @DanyGarciaCo & Red Bird Capital, we have acquired the XFL. CAA Sports’ executive search team, led by Joe Becher, is running the search. Dwayne 'The Rock' Johnson has revealed the his deal to buy the XFL for $15million has 'officially closed' and 'the keys' have been handed over. It's exciting to see Dwayne Johnson and a group of investors buy the bankrupt XFL. Asked about hiring other executive-level leaders, she said: "We've been in close discussion with the current XFL management team. "While it's not 100% just turning the lights on, there is still a tremendous amount of infrastructure and relationships that you can actually call people back, pull people back. Dwayne 'The Rock' Johnson, Dany Garcia Team Up with Investor Group to Buy the XFL for $15 Million this link is to an external site that may or may not meet accessibility guidelines. Former wrestling star Dwayne "The Rock" Johnson says he has acquired the XFL. Most were laid off April 10. Vince McMahon will not be resurrecting the XFL, but rather, Dwayne “The Rock” Johnson and partners are the new owners.. “When the first XFL [launched], the quality of play, it wasn’t NFL and we’ve been so stuck on the NFL, you can’t get the NFL in any other league. Those discussions are active.". (0:41), Rock-solid buy: Ex-WWE star, group to own XFL, McMahon says he won't try to buy back XFL, In filing, McMahon claims Luck fired 'for cause', Source: Chargers hire Pep Hamilton as QB coach, Dwayne 'The Rock' Johnson, wife, daughters COVID-19 positive, Johnson announces, Matt Rhule gets 'juice' flowing for Panthers with high-energy practices, Rock on: XFL sale to Johnson's group approved, Will there be an XFL season in 2021? Dwayne Johnson XFL purchase objected by unsecured creditors: Reports. As if that wasn’t hard enough to digest, DJ left the league completely broke, with literally seven bucks in his pocket. McMahon considered bidding on the XFL himself early in the bankruptcy process but ultimately decided against it. XFL president and chief operating officer Jeffrey Pollack is among the league's few active employees. Hollywood star Dwayne “The Rock” Johnson is a new part-owner of the XFL as the league attempts another comeback. Wenn Dwayne Johnson is to become a co-owner of the revamped XFL American football league after agreeing to a deal to buy out his old WWE boss Vince McMahon. Chargers sign former XFL tight end Parham Jr. XFL files for bankruptcy after suspending league, Is this it for the XFL? But XFL owner Vince McMahon had been a determined aspirant, investing $200 million in the league's second incarnation, one that promised to "reimagine" the game. DWAYNE ‘THE ROCK’ JOHNSON has bought the XFL from Vince McMahon in an £11.5million deal. Dwayne Johnson attends the HBO "Ballers" premiere in New York, July 14, 2016. https://www.insidehook.com/.../dwayne-the-rock-johnson-buys-xfl-15-million Its future, Covered Vikings for Minneapolis star Tribune, 1999-2008 in an £11.5million deal hold awaiting the results the. The show, `` There are a league, because of the McMahon-like flair he could bring to the.! Are a league, because of the XFL league feels reminiscent of the McMahon-like flair he bring! 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