The XFL, a twice-unsuccessful professional football alternative to the NFL fronted by WWE chief Vince McMahon, has been sold to Dany Garcia, Dwayne Johnson and RedBird Capital Partners for $15 million. The new owners were selected as the winning bidder for the assets controlled by Alpha Entertainment, the parent company of the XFL. The transaction is subject to bankruptcy court approval at a hearing this Friday. Assuming that closing conditions are satisfied, the acquisition is expected to close on or shortly after August 21. In announcing the deal, the projected new owners said they have secured “the ability to option live entertainment intellectual property for further expansion across sports, live events and original entertainment programming.” Related Story ‘Jumanji: The Next Level’ Ups Game To Rock Past $800M At Worldwide Box Office The XFL, which had two single-season attempts to go up against the NFL, one in 2000 and the second this year, was fronted by McMahon and the WWE, which owned a 23.5% stake in the league. After starting its season in February, the XFL was forced to shut down due to COVID-19 in March. It filed for bankruptcy in April. “For Dwayne, Gerry and myself, this property represents an… Read full this story
- Buckle up: Dwayne Johnson is working on a Fast and Furious-like cop show for Fox
- Dwayne Johnson heads to youth prison boot camp with new HBO documentary
- ‘Man of Steel’ sequel is in the works, according to Henry Cavill’s manager
- Between the Streams podcast: ‘Man of Steel 2,’ ‘Snowden’ vs. ‘Blair Witch,’ Emmy predictions
XFL Acquired By Dwayne Johnson, Dany Garcia And RedBird Capital Partners have 252 words, post on deadline.com at August 3, 2020. This is cached page on IT Breaking News. If you want remove this page, please contact us.