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New Ownership for the XFL; League Officially Sold to The Rock

It’s official — Dwayne “The Rock” Johnson is now a proud owner of the XFL.

“The deal is official closed and ‘the keys’ to the XFL have been handed over,” he tweeted. “I humbly accept and promise to put my callouses to hard work building our new brand. Congrats to my partners @DanyGarciaCo & #GerryCardinale and our sharp, hungry team. #XFLOwner #ForTheLoveofFootball.”

XFL ownership doesn’t stop there. Johnson’s business partner and ex-wife Dany Garcia also voiced her excitement on Twitter about being part-owner of the XFL. She wrote, “The deal is officially closed! Excited and humbled to be the first woman to ever own an American major sports league. A big thank you to @TheRock & #GerryCardinale & our incredible teams for all their work the past few months. More #bigmoves to come! #xflowner #ForTheLoveOfFootball.”

As previously reported, Johnson, Garcia and private equity investment firm RedBird Capital bought the XFL months after it filed for Chapter 11 bankruptcy in April. Gerry Cardinale is RedBird Capital’s founder and managing partner. Johnson’s former boss, WWE chairman and CEO Vince McMahon founded the football league.

It was confirmed by ESPN that the sale of the XFL to Johnson, Garcia and RedBird Capital was officially approved August 7 in a Delaware bankruptcy court. XFL ownership was sold to all three parties for a total of $15 million.  Johnson and Garcia will have a “hands-on approach” in overseeing the XFL, with alleged plans to relaunch the football league in 2021.

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Candace Cordelia has been an on-camera interviewer and writer for In The Zone since the Summer of 2020. Candace's journalism experience includes writing for the New York Daily News and ABC Radio, where she also conducted celebrity interviews and audio production/editing for ABC Radio's national radio affiliates across the country. Her on-camera experience involves working as a backstage/in-ring interviewer with a number of independent wrestling promotions and as an actress. Candace is dedicated to bringing combat sports and eSports news to the In The Zone universe.
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