The sale of the XFL to a group that includes actor and former WWE superstar Dwayne "The Rock" Johnson was approved Friday morning in a Delaware federal bankruptcy court.
U.S. Bankruptcy Judge Laurie Selber Silverstein approved the transaction after the XFL resolved a dispute over its $15 million sale price with creditors. Johnson, Dany Garcia and Gerry Cardinale’s private equity investment firm RedBird Capital will take control of the league after closing conditions for the sale are met. The deal is expected to close around Aug. 21, according to Sportico's Michael McCann.
The group agreed to pay cure amounts of around $9 million for designated contracts.