Dwayne TheRock Johnson, DanyGarciaCo and Gerry Cardinale's RedBird Capital have agreed to buy the XFL, the bankrupt football league founded by WWE CEO Vince McMahon
Actor and producer Dwayne Johnson, Dany Garcia and Gerry Cardinale's RedBird Capital have agreed to buy the XFL, the bankrupt football league founded by WWE CEO Vince McMahon.
The XFL was scheduled to go to a bankruptcy auction this week, but RedBird, Johnson and Garcia have acquired XFL parent company Alpha Entertainment for $15 million, canceling the proceedings. Garcia said that the partners plan on "developing the XFL brand into a multi-media experience that our athletes, partners and fans will proudly embrace and love.”
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