A group including actor and former WWE star Dwayne Johnson has agreed to purchase the XFL for about $15 million, according to a news release issued Monday morning.
The XFL declared Chapter 11 bankruptcy April 13 and has been seeking a buyer for the past three months, marketing itself as a made-for-TV product that could transition as early as 2021 to a bubble concept during the coronavirus pandemic.
Johnson and his investors -- who include his business partner Dany Garcia along with RedBird Capital Partners -- are making plans to play next season, Garcia told ESPN.
"We're planning for it," said Garcia, the first female owner of a major American sports league. "We're doing all the steps that need to happen for the execution of that. But we're also being mindful to what has actually been successful. It has been really interesting to see that [in sports], when you create a bubble, your players are safe. When you don't, it's chaos. We are a league, because of the number of teams we have, that actually can create a bubble environment. Those discussions are active."
#Dwayne#'TheRock#Johnson#XFL#JHTV
