This acquisition aligns perfectly with Johnson’s character Spencer on his HBO series, Ballers. In Season 5 of the series, Spencer (Johnson’s character) purchases an NFL team, becoming the first black owner in sports history. As the shows Executive Producer we can’t help but think Johnson foreshadowed his real-life acquisition.
The XFL was founded in 1999 as an alternative option for fans to continue to watch football after the NFL and college seasons subsided.
Former XFL owner Alpha Entertainment filed for bankruptcy in April after cutting the XFL season short due to the COVID-19 pandemic.
The acquisition deal is pending approval from bankruptcy court on August 7th. Once approved the deal could be completed at the end of the month.
Johnson shared his decision on acquiring the franchise saying, “It was rooted deeply in two things—my passion for the game and my desire to always take care of the fans. I’m looking forward to creating something special for the players, fans and everyone involved for the love of football.”
With my trail blazing partner @DanyGarciaCo & Red Bird Capital, we have acquired the XFL.
With gratitude & passion I’ve built a career with my own two hands and will apply these callouses to our @xfl2020 brand.
Excited to create something special for the fans! #XFL #fullcircle pic.twitter.com/LprJ6HjglD
— Dwayne Johnson (@TheRock) August 3, 2020