The Rock, Ex-Wife Buy Bankrupt XFL for $15 Million
The XFL football league is finally getting a white knight -- in the form of The Rock.
CNN Business reports that Dwayne Johnson is part of the team who will try to breathe life back into the beleaguered franchise, which had filed for bankruptcy this year, making him the latest WWE personality to take a shot at the league.
Vince McMahon tried to revive the league twice to give the NFL a run for its money, but he failed both times.
Along with his ex-wife-slash-business partner Dany Garcia and investment firm RedBird Capital, The Rock is confident he’ll have much more luck after buying the league for approximately $15 million.
Garcia said she and Johnson want to bring something fresh to the table.
“Sports and entertainment are the foundations of the businesses I have built,” she said. “Melding our expertise combined with our commitment to deliver exciting and inspiring unique content, has us all focused on developing the XFL brand into a multimedia experience that our athletes, partners, and fans will proudly embrace and love.”
Gerry Cardinale, Managing Partner of RedBird Capital, told CBS Sports he is more than willing to help make the dream happen.
“As their partner in acquiring and relaunching the XFL, RedBird will bring its own track record and experience in building world class companies in sports and live entertainment to help realize their vision.”
First Love Never Dies
For wrestling and action movie fans, this is not exactly the comeback they were hoping from The Rock.
Still, as pointed out by TMZ, the action star first drew attention when he played college football at the University of Miami before taking McMahon’s WWE -- and Hollywood -- by storm.
In a statement, The Rock said the acquisition is deeply rooted in two things -- his passion for football and his “desire to always take care of the fans.”
“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.”