Dwayne Johnson Acquires XFL for $15 Million USD

In partnership with ex-wife Dany Garcia and RedBird Capital.

By
Sports 
6,917 Hypes 5 Comments

Dwayne “The Rock” Johnson has just announced on Twitter that he has acquired the XFL.

According to reports, the WWE wrestler and Hollywood actor purchased the bankrupt American football league in partnership with his ex-wife and businesswoman Dany Garcia and private investment firm RedBird Capital for $15 million USD. The XFL was previously owned by Alpha Entertainment — a private company founded by Vince McMahon, chairman and CEO of WWE — which filed for bankruptcy earlier in April shortly after cutting the XFL season short due to the ongoing Coronavirus pandemic.

Johnson explained his decision to acquire the franchise in a statement, saying it was “rooted deeply in two things — my passion for the game and my desire to always take care of the fans.” He added that he’s looking forward to “creating something special for the players, fans, and everyone involved for the love of football.”

Before finalization, the deal will have to be approved at a hearing at a bankruptcy court on August 7. Once approved, the purchase could be completed by as early as the end of the month.

In other sports-related news, J. Cole is reportedly training for the NBA.

Read Full Article

What to Read Next

Apple's Next MacBook Could Be the Cheapest in Company's History
Tech

Apple's Next MacBook Could Be the Cheapest in Company's History

Rumored to start at $799 USD.

Gucci's New Ace Sneakers Receive "Triple Black" Colorway
Footwear

Gucci's New Ace Sneakers Receive "Triple Black" Colorway

Centered around the house’s signature monogram.

Snoop Dogg Names His Top 10 Rappers
Music

Snoop Dogg Names His Top 10 Rappers

After explaining why Eminem didn’t make the cut.


Juicy J Announces New Album 'The Hustle Continues'
Music

Juicy J Announces New Album 'The Hustle Continues'

Also sharing a visual for the Wiz Khalifa-assisted single “GAH DAMN HIGH.”

DIME Teases Upcoming New Balance Collab
Footwear

DIME Teases Upcoming New Balance Collab

Another footwear release from the Montreal label.

OAMC and adidas Officially Debut Type O-4 and Type O-5 Silhouettes
Footwear

OAMC and adidas Officially Debut Type O-4 and Type O-5 Silhouettes

Five colorways in total, ranging across two technical models.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.