Dwayne Johnson teamed up with Dany Garcia and RedBird Capital to purchase the XFL for $15 million. They are working with XFL president Jeffery Pollack, who was thrilled that a Hollywood star bought his football league, to get the organization up and running again.
He announced on Twitter, “With my trail blazing partner Dany Garcia & Red Bird Capital, we have acquired the XFL. With Gratitude & passion I’ve built a career with my own two hands and will apply these callouses to our XFL Brand. Excited to create something special for the fans!”
“The acquisition of the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is an investment for me that is rooted deeply in two things – my passion for the game and my desire to always take care of the fans,” said Johnson. “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.”
Dwayne Johnson and Football
Before The Rock became a professional wrestler, he was a football player and had aspirations to make it the NFL one day. However, he went undrafted and was cut from the Canadian football league. Despite the failure, this did not stop him from loving football. He has been passionate about the sport ever since and will try to revive the league and bring a new life to the game.
Dany Garcia, First Female Owner of a Sports League
Garcia is now to become the first female owner of a major American sports league. She will have an executive position with the XFL and work with Johnson to run the league. Johnson praised Garcia for being the “architect in this acquisition” and congratulated her for the huge milestone. She said she works closely with the XFL management team to hire employees and plans to potentially play a 12-week tournament in a host city for the 2021 season.
The XFL has failed not once, but twice. The league initially launched in 2001 with Vince McMahon, CEO of WWE, as owner. However, the league ceased after one season with only eight teams in the league. After nearly two decades, in 2018, he planned to revive the XFL, debuting in February 2020. He had invested $200 million into the league and was willing to spend as much as $500 million if he had to.
When the XFL launched with eight teams in February, they had an impressive viewership, with over 3.1 million people. Nevertheless, the coronavirus pandemic’s onset forced the league to shut down after five weeks into the season, and the association had dropped below one million viewership. McMahon had no choice but to file for bankruptcy on April 13.
It will be the third time that the league will try to revive, and Pollack believes that this is a “Hollywood ending” to the sale process as the XFL enters a new chapter and era.