Dwayne “The Rock” Johnson took to social media today to announce that the purchase of the XFL by him, ex-wife and business partner Dany Garcia, and Gerry Cardinale has been completed.
Earlier this month, Johnson announced that he had purchased the XFL before it went into bankruptcy court for $15 million with Dany Garcia and RedBird Capital.
In February 2020, the then Vince McMahon owned XFL made its return after a disastrous first try in 2001. The new vision of the league debuted to mostly positive feedback and good ratings before the COVID-19 pandemic forced the league to shut down.
The league would declare bankruptcy shortly after and cease operations.
The deal is official closed and “the keys” to the XFL have been handed over. I humbly accept and promise to put my callouses to hard work building our new brand. Congrats to my partners @DanyGarciaCo & #GerryCardinale and our sharp, hungry team. #XFLOwner #ForTheLoveOfFootball pic.twitter.com/ctwRlewxxA
— Dwayne Johnson (@TheRock) August 21, 2020