Alpha Entertainment: Last News

Dwayne Johnson is to become a co-owner of the revamped XFL American football league after agreeing to a deal to buy out his old WWE boss Vince McMahon.The league was set to go to a bankruptcy auction this week (August 9, 2020) but Johnson, his ex-wife and current manager Dany Garcia, and RedBird Capital have closed a deal to acquire the XFL’s parent company, Alpha Entertainment, for $15 million.In a statement to The Hollywood Reporter, XFL president Tom Pollock called the deal “a Hollywood ending” for the troubled league, which originally ran for one season in 2001.

Dwayne "The Rock" Johnson is teaming up with his ex-wife to buy the XFL American football league.The former professional wrestler – who played the sport up to college level – is buying the assets of the league from Alpha Entertainment, which was founded by WWE CEO Vince McMahon.Johnson, 48, said he and business partner and ex-wife Dany Garcia agreed the deal alongside investment firm RedBird Capital.The purchase is reportedly worth $15 million dollars (about £11.5m) and Johnson said he bought the league for his love of American football.He wrote on Instagram: “With gratitude & passion I’ve built a career with my own two hands and will apply these callouses to building our @xfl brand to create something special for the fans.“My dreams of

Dade Hayes Finance EditorThe XFL, a twice-unsuccessful professional football alternative to the NFL fronted by WWE chief Vince McMahon, has been sold to Dany Garcia, Dwayne Johnson and RedBird Capital Partners for $15 million.The new owners were selected as the winning bidder for the assets controlled by Alpha Entertainment, the parent company of the XFL. The transaction is subject to bankruptcy court approval at a hearing this Friday.