Dwayne Johnson Part of Investment Team That Purchased XFL for $15M
Jean Baptiste Lacroix/Getty Images
Dwayne “The Rock” Johnson, along with business partner/ex-wife Dany Garcia and Gerry Cardinale of investment firm RedBird Capital, has purchased XFL parent company Alpha Entertainment for $15 million.
First reported by Sportico’s Scott Soshnick, this purchase comes just days before the football league was set to go to a bankruptcy auction.
In a statement on the purchase shared by
Confirming that the @xfl2020 has been purchased by a group that includes Dwayne Johnson, aka The Rock, for $15 million. Deal contingent on court approval Aug. 7. Quote from Johnson below. The purchasing firm is Redbird Capital Partners. First reported by @Sportico pic.twitter.com/4pjwncCq0D
— Kevin Seifert (@SeifertESPN) August 3, 2020?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1290283529746575360%7Ctwgr%5E&ref_url=https%3A%2F%2Fbleacherreport.com%2Farticles%2F2902885-the-rock-redbird-capital-buy-vince-mcmahons-xfl-for-15m-after-bankruptcy" target="_blank" rel="noopener">ESPN’s Kevin Seifert, Johnson says, “The acquisition of the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is an investment for me that’s rooted deeply in two things – my passion for the game and my 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.”Story developing…
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Erica Banas is a news blogger who's been covering the rock/classic rock world since 2014. The coolest event she's ever covered in person was the 2021 Rock & Roll Hall of Fame induction ceremony. (Sir Paul McCartney inducting Foo Fighters? C'mon now!) She's also well-versed in etiquette and extraordinarily nice. #TransRightsAreHumanRights
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