H Jenkins on August 3, 2020
The Rock is part of a group of investors who are buying the XFL for $15 million. This could shake up the sports world in time, but we have no idea what The Great One plans on doing with the XFL yet.
According to PW Insider, the official name of the company that purchased the XFL is Alpha Acquico, LLC. They listed in the bankruptcy court as a joint venture with Redbird Capital Partners Management LLC and The Garcia Companies which The Rock is a part of.
It was further noted that the bankruptcy court in the District of Delaware said that they were the only qualified bidder at the table.
The United States Bankruptcy Court for the District of Delaware noted in a filing today that since they were the only “qualified bidder” that came to the table, the auction for the XFL today was canceled.
Additionally, $8.5 million will be financed toward any payments that are needed to “cure previous financial defaults from the old owner.”
The sale is not official until August 7th, but it seems to be a done deal. What do you think The Rock and his partners are going to do with the XFL? Sound off in that comment section below!
August 3, 2020 10:40 am
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