Investor Group Led by ‘The Rock’ Hopes to Revive XFL

After filing for Chapter 11 bankruptcy this year on April 13, the XFL secured a deal three months later with Dwayne "The Rock" Johnson and his investors for $15 million.

Johnson and his investors, including Dany Garcia and RedBird Capital Partners, are making plans to revive the league and execute a playing season in 2021.

The XFL ended its season twice in the last 10 years: once in 2001 and again this year due to pandemic shutdowns for sporting events. The league laid off most of its employees on April 10. Jeffery Pollack, the league president and CEO, is one of the remaining acting employees.

A Season Stalled

Revenue projections for 2020 exceeded expectations, projecting $46 million in gross revenue for the 10-game season. The league also claimed 1.9 million television vi...

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