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Dwayne 'The Rock' Johnson Buys XFL for $15 Million With Partners RedBird Capital and Dany Garcia
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etonline.comDwayne «The Rock» Johnson, RedBird Capital and Dany Garcia, Johnson's ex-wife and business partner, teamed up to purchase the XFL for approximately $15 million just hours before the once-bankrupt league was set for auction.
RedBird Capital is an investment firm that focuses on providing flexible and long-term capital to help entrepreneurs grow their businesses, and the XFL will be its latest challenge.
Garcia, Johnson's business partner and ex-wife, will also be a stakeholder in the league. The transaction is subject to bankruptcy court approval at a hearing this Friday, Aug.
7 and, assuming that closing conditions are satisfied, is expected to close on or shortly after Aug. 21.«The acquisition of the XFL with my talented partners, Dany.
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