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, Garcia told ESPN.