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Dwayne ‘The Rock’ Johnson buys XFL for $ 15 million

Dwayne “The Rock” Johnson now owns the XFL.

RedBird Capital from Johnson and Gerry Cardinale bought the decommissioned football league for $ 15 million hours before it would be auctioned. The deal was first reported by Sportico.

“With pride and gratitude for everything I’ve built with my own hands, I plan to apply these callouses to the XFL and look forward to creating something special for the players, fans and everyone involved from love for football, ” Johnson said ESPN.

Johnson, an actor and professional wrestler, played college football at the University of Miami before playing briefly in the Canadian Football League.

RedBird Capital is a privately held investment company focused on sports-related matters – the renowned Oakland Athletics executive Billy Beane is also an investor.

Also see: The NBA is back – this is what American sports leagues are doing during the pandemic

After signing a major broadcast deal with ESPN DIS,
-0.23%
and Fox FOX,
+ 1.55%
the XFL had to cancel the remainder of the 2020 season because of the coronavirus pandemic. Teams played only five games before the league was interrupted.

The XFL filed for bankruptcy on April 11, shortly after most of their employees were laid off.

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