It looked like the XFL was dead and gone, but The Rock is here to save the day.
This morning, the WWE legend teamed up with RedBird Capital and his business parter/ex-wife Dany Garcia to buy the league out of bankruptcy for $15 million just one hour before it was set to hit the auction block. The deal will head to bankruptcy court for approval on Friday and could be closed on by August 21. The XFL filed for Chapter 11 protection back in April, listing $10-$50 million in debts.
“This is a Hollywood ending to our sale process and a start of fantastic new beginning for the XFL with the best possible ownership group going forward,” XFL President Jeffrey Pollack said.