Official Press Release On The Rock's XFL Purchase
James Stevens
Published Mar 27, 2026
Following our earlier report in relation to The Rock having purchased the XFL for $15 million, the official press release can be read right below.
The former WWE superstar and current Hollywood actor teamed up with Gerry Cardinale's RedBird Capital Partners alongside his ex-wife and business partner Dany Garcia to buy the football league following its bankruptcy announcement in April.
Previously: Every Match The Rock Has Had Since Leaving For Hollywood, Ranked
News of this mega-deal was broken by Sportico's Scott Soshnick on Monday morning; the official press release has since been made available.
Dany Garcia, Dwayne Johnson and RedBird Capital Partners Acquire the XFL
XFL assets and intellectual property represent attractive sport and direct-to-consumer opportunity
LOS ANGELES and NEW YORK , Aug. 03, 2020 (GLOBE NEWSWIRE) — Dany Garcia, Dwayne Johnson and RedBird Capital Partners have been selected as the winning bidder for substantially all of the assets of Alpha Entertainment LLC, the parent company of the XFL. The XFL assets will be sold to Garcia, Johnson and RedBird for approximately $15 million, in accordance with the terms and conditions of the asset purchase agreement. The transaction is subject to bankruptcy court approval at a hearing this Friday, August 7 and, assuming that closing conditions are satisfied, is expected to close on or shortly after August 21. The sale auction previously scheduled for today will not occur.
Through this acquisition, the group secures the ability to option live entertainment intellectual property for further expansion across sports, live events and original entertainment programming.
“For Dwayne, Gerry and myself, this property represents an incredible opportunity. It is the confluence of great passion, tradition and possibility” Garcia said. “Sports and entertainment are the foundations of the businesses I have built. Melding our expertise combined with our commitment to deliver exciting and inspiring unique content, has us all focused on developing the XFL brand into a multi-media experience that our athletes, partners and fans will proudly embrace and love.”
As stated above, the transaction will need approval from bankruptcy court, with a hearing set for this coming Friday. Providing all conditions are met, the deal will be closed on or shortly after August 21.
The 10-time WWE World Champion also tweeted on the development.
Exciting Times
In all likelihood, The Rock will be part-owner of his very own football league, one which actually got off to a pretty great start before the COVID-19 pandemic forced the cancellation of its season.
It will be very interesting to see what happens now that sports is coming back and The Rock's taking over.
