Dwayne ‘The Rock’ Johnson and Dany Garcia Are Buying the Bankrupt XFL

The acquisition is expected to close by the end of the month, pending bankruptcy court approval

dany garcia and dwayne johnson
Dwayne Johnson and Dany Garcia will be the new owners of the XFL, which went bankrupt in April. Hiram Garcia, XFL

Dwayne “The Rock” Johnson and business partner Dany Garcia, alongside investment firm RedBird Capital, announced today that they’re buying substantially all the assets of Alpha Entertainment, parent company of the XFL, for $15 million.

@klundster kathryn.lundstrom@adweek.com Kathryn Lundstrom is Adweek's breaking news reporter based in Austin.