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The Rock Just Purchased the Twice-Failed XFL for $15 Million

Gabrielle Bernardini - Author

Aug. 3 2020, Updated 6:52 p.m. ET

After almost two decades, the XFL is back. Many may be unfamiliar with the football league as the outlandish sport only lasted one season. The idea was concocted by wrestling head Vince McMahon in 2001 and was backed by previous NBC Sports chairman Dick Ebersol and the network. According to Business Insider, Vince thought that he could make the NFL better with rule changes that made the game more violent and a heavy focus on the cheerleaders.

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Though the XFL initially recorded high ratings, that soon changed and the league lost $70 million. It has been cited by GQ that the XFL failed because the level of game play "sucked." While the XFL seems like a small blip in sports' history, that is about to change. 

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Vince announced in 2018 that the league would be returning, but the current coronavirus pandemic (also known as COVID-19) canceled its inaugural season, which forced the XFL to file for bankruptcy. Though the league was forced to end its 2020 season, this is not the end of the football organization. Keep reading to find out who now owns the XFL.

Who owns the XFL after the football organization filed bankruptcy?

In a social media post, Dwayne "The Rock" Johnson announced that he along with ex-wife Dany Garcia and RedBird Capital purchased the organization for $15 million on Aug. 3. 

Additionally, the former-pro-wrestler-turned-actor said in a statement obtained by Bleacher Report, "The acquisition of the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is an investment for me that's rooted deeply in two things — my passion for the game and my desire to always take care of the fans."  

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He continued, "With pride and gratitude for all that I've built with my own two hands, I plan to apply these callouses to the XFL, and look forward to creating something special for the players, fans, and everyone involved for the love of football." 

While the Jumanji actor is known for his action movies and wrestling career, prior to his success in the entertainment industry, he played college football in Miami.

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Twitter reacts to The Rock now owning the XFL.

After news broke that The Rock purchased the XFL, fans immediately took to Twitter to share their reactions. "I think @TheRock is an awesome in a ton of different ways and I think he is a smart businessman BUT I am not understanding the whole buying the XFL thing," one person tweeted.

Another person wrote, "One thing about The Rock and Danny Garcia that I truly admire.... they still remain good friends and now successful business partners & entrepreneurs post divorce. I think the #XFL will be fine under the ownership of these two fine individuals."

This individual commented, "So the rock went from son of a legendary wrestling family to America football player to WWE icon to highest paid Hollywood actor to XFL owner. [He's] literally doing what he did in ballers." 

Well, we're definitely interested to see what The Rock has in store for the football league.

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