What Is Dwayne "The Rock" Johnson's Ownership of the XFL?

By Jason Bolton July 03, 2024 21:18

Dwayne "The Rock" Johnson, the former WWE star, along with his business partners, emerged as the winning bidders for the XFL in August 2020, acquiring the league for approximately US$15 million. This acquisition marked a significant turning point for the XFL, which had filed for bankruptcy earlier that year due to the impact of the COVID-19 pandemic. Johnson, along with his business partner and ex-wife Dany Garcia and US investment firm RedBird Capital Partners, now serve as the owners of the XFL.

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The Acquisition and Ownership

The acquisition process, which required bankruptcy court approval, concluded with Johnson's group being selected as the winning bidder for all the assets of XFL parent company Alpha Entertainment LLC. The transaction was hailed as a "Hollywood ending" by Jeffrey Pollack, the XFL president and chief operating officer, and was viewed as an exciting new chapter for the league.bJohnson and Garcia, who have remained business partners since their divorce, have been actively involved in providing updates about the XFL's relaunch since 2020, originally planning for a 2022 return before pushing the date to 2023.

The Vision for the XFL

Dwayne "The Rock" Johnson's net worth, estimated to be near $800 million, positions the acquisition of the XFL as a low-risk investment for him 3. His passion for the game and desire to take care of the fans are evident in his statements regarding the acquisition, expressing his intention to apply his dedication to creating something special for the players, fans, and everyone involved in the love of football.

Business Partnerships and Expansion

The XFL has been actively building partnerships and expanding its scope. Notably, the league announced an "IFL to XFL Combine," furthering its relationship with the Indoor Football League. Additionally, the league expanded its rosters to 90-men during the off-season, citing expected attrition, and hosted a series of player showcases across the United States, demonstrating its commitment to identifying high-quality and talented players.

The Future of the XFL

The XFL's relaunch in 2023 after a three-year hiatus has generated significant buzz, especially with the involvement of Dwayne "The Rock" Johnson and his business partners. With eight teams, rosters featuring former NFL players and college football standouts, and well-known head coaches, the league has positioned itself as a compelling entity in the world of football.

In The End

Dwayne "The Rock" Johnson's ownership of the XFL signifies a new era for the league, infused with a vision to create a world-class sports and entertainment property. The league's strategic partnerships, expansion plans, and commitment to providing a platform for talented players underscore its potential for success. With Johnson's impressive track record and dedication to the sport, the XFL's journey under his ownership promises an exciting and promising future for players and fans alike