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Dwayne Johnson Purchases The XFL In $15 Million Investment Deal

Prior to the XFL being forced to file for bankruptcy in April of this year, Vince McMahon is said to have invested at least $200 million in the league, at least in part because the coronavirus had forced the cancellation of all live athletic events.

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Sports entertainment mogul Vince McMahon’s football league the XFL saw its second untimely end earlier this year as a result of the coronavirus, but now the organization’s third chapter has begun, courtesy of one of the biggest stars in McMahon’s World Wrestling Entertainment. Dwayne Johnson, commonly known as The Rock, along with a group of investors paid $15 million to buy the XFL out of bankruptcy. No matter how unlucky the football league has been, if that sounds like a good deal, you’re right: Before having to file for bankruptcy in April of this year, Vince McMahon is said to have invested at least $200 million in the XFL.

Aaron Davidson/Getty Images

Getty Images/Aaron Davidson

Johnson indicates in a news release that he intends to restart the XFL for a third attempt, however the statement is vague on the timetable: “With my talented colleagues Dany Garcia and Gerry Cardinale, I am investing in the XFL because I am passionate about the sport and want to always look out for the interests of the fans. I intend to apply these calluses to the XFL and am excited to create something special for the players, spectators, and everyone involved for the love of football. I do this with pride and gratitude for everything I have made with my own two hands.”

Evidently sticking on board, XFL president Jeffrey Pollack expressed his excitement for the company’s upcoming new era in a news release:

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Johnson played football in college at the University of Miami before switching to wrestling, so this won’t be his first encounter with the sport.

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