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.
The XFL has twice shuttered after one season, first in 2001 and again earlier this year as a result of the pandemic, and there hasn’t been a successful alternative professional football league since the AFL forced a merger with the NFL in 1970. But XFL owner Vince McMahon had been a determined aspirant, investing $200 million in the league’s second incarnation, one that promised to “reimagine” the game. But the eight teams suspended play after five weeks.
“The acquisition of the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is an investment for me that’s rooted deeply in two things — my passion for the game and my desire to always take care of the fans,” said Johnson, who played football at the University of Miami from 1990 to 1994. “With pride and gratitude for all that I’ve built with my own two hands, I plan to apply these callouses to the XFL and look forward to creating something special for the players, fans and everyone involved for the love of football.”