XFL Acquired by Dwayne Johnson, Dany Garcia, RedBird Capital Partners - Sitcoms Online Message Boards

JamesG · 08-03-2020, 02:51 PM

XFL Acquired by Dwayne Johnson, Dany Garcia And RedBird Capital Partners
by Dade Hayes
August 3, 2020

The 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.

Assuming that closing conditions are satisfied, the acquisition is expected to close on or shortly after August 21.

In announcing the deal, the projected new owners said they have secured “the ability to option live entertainment intellectual property for further expansion across sports, live events and original entertainment programming.”

“For Dwayne, Gerry and myself, this property represents an incredible opportunity. It is the confluence of great passion, tradition and possibility,” Garcia said.

“Sports and entertainment are the foundations of the businesses I have built. Melding our expertise combined with our commitment to deliver exciting and inspiring unique content, has us all focused on developing the XFL brand into a multi-media experience that our athletes, partners and fans will proudly embrace and love.”

Johnson has a connection to the sport, having played college football at Miami.

“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,” Johnson said.

“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.”

https://deadline.com/2020/08/xfl-acq...rs-1203002289/

TMC · 08-12-2020, 04:55 AM

Fox Sports may be interested in Dwayne Johnson's XFL

Fox and Disney's ABC and ESPN aired the second, coronavirus-shortened iteration of the XFL this past spring. According to Front Office Sports, Fox would definitely be interested in signing a TV rights deal for XFL 3.0.

JamesG · 10-01-2020, 04:10 PM

08-03-2020, 02:51 PM	#1
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,231	XFL Acquired by Dwayne Johnson, Dany Garcia, RedBird Capital Partners XFL Acquired by Dwayne Johnson, Dany Garcia And RedBird Capital Partners by Dade Hayes August 3, 2020 The 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. Assuming that closing conditions are satisfied, the acquisition is expected to close on or shortly after August 21. In announcing the deal, the projected new owners said they have secured “the ability to option live entertainment intellectual property for further expansion across sports, live events and original entertainment programming.” “For Dwayne, Gerry and myself, this property represents an incredible opportunity. It is the confluence of great passion, tradition and possibility,” Garcia said. “Sports and entertainment are the foundations of the businesses I have built. Melding our expertise combined with our commitment to deliver exciting and inspiring unique content, has us all focused on developing the XFL brand into a multi-media experience that our athletes, partners and fans will proudly embrace and love.” Johnson has a connection to the sport, having played college football at Miami. “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,” Johnson said. “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.” https://deadline.com/2020/08/xfl-acq...rs-1203002289/

08-12-2020, 04:55 AM	#2
TMC Member Forum Idol Join Date: Jan 09, 2001 Posts: 127,225	Fox Sports may be interested in Dwayne Johnson's XFL Fox and Disney's ABC and ESPN aired the second, coronavirus-shortened iteration of the XFL this past spring. According to Front Office Sports, Fox would definitely be interested in signing a TV rights deal for XFL 3.0.

10-01-2020, 04:10 PM	#3
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,231