Dwayne Johnson buying XFL American football league

wenn_dwaynejohnson_100617_1800x1200
Wenn

Dwayne Johnson is to become a co-owner of the revamped XFL American football league after agreeing to a deal to buy out his old WWE boss Vince McMahon.

The league was set to go to a bankruptcy auction this week (August 9, 2020) but Johnson, his ex-wife and current manager Dany Garcia, and RedBird Capital have closed a deal to acquire the XFL’s parent company, Alpha Entertainment, for $15 million.

In a statement to The Hollywood Reporter, XFL president Tom Pollock called the deal “a Hollywood ending” for the troubled league, which originally ran for one season in 2001. An attempt to relaunch the competition was halted by the COVID-19 pandemic earlier this year.

Johnson added:

Garcia said she and her ex-husband plan to develop the XFL brand into “a multi-media experience that our athletes, partners and fans will proudly embrace and love.”

Before finding fame as one of the WWE’s top wrestlers, the Skyscraper star played American football at the University of Miami.

The sale of the league is subject to bankruptcy court approval, which will be decided at a hearing this Friday, with the deal expected to close on August 21, 2020.

SIMILAR ARTICLES