Former WWE superstar Dwayne "The Rock" Johnson and Gerry Cardinale’s private equity investment firm RedBird Capital have teamed up to buy the XFL for $15 million, the XFL announced. The deal, which was first reported by Sportico's Scott Soshnick, comes just hours before the league was slated to be auctioned.
According to Sportico, Johnson split the $15 million evenly with RedBird Capital.
“This is a Hollywood ending to our sale process and the start of a fantastic new beginning for the XFL with the best possible ownership group going forward,” XFL President Jeffrey Pollack said.