Current Events > Dwayne Johnson buys the XFL for $15M

Topic List	Page List: 1
CRON 08/03/20 10:04:29 AM #1:	https://www.sportico.com/2020/personalities/athletes/dwayne-the-rock-johnson-buys-xfl-for-15-million-with-redbird-capital-1234610422/ The XFL has been sold to a group that includes former WWE star Dwayne The Rock Johnson, giving the bankrupt football league the kind of star power that may draw even non-sports fans. Johnson, an actor and producer who played college football at the University of Miami, teamed up with Gerry Cardinales RedBird Capital to buy the league just hours before a planned auction was scheduled to begin. They paid $15 million, splitting it evenly. Johnsons business partner, Dany Garcia, who is also his ex-wife, will be a stakeholder as well. RedBird has made a litany of sports-related investments, including some with ties to the National Football League and its players. The presence of Johnson, meantime, continues pro wrestlings involvement in the spring football league, which was foundedand fundedby WWE Chairman and Chief Executive Officer Vince McMahon. The XFL filed for bankruptcy in April after the COVID-19 pandemic prompted the cancellation of its inaugural season, which got off to a promising start in terms of television audience. The league had a broadcast agreement with Fox. With live sports a reliable vehicle to deliver ratings, theres a good chance a number of traditional TV networksand perhaps streaming companieswould seek to add the XFL to their portfolios. Besides the league, networks would likely seek a tie-up with Johnson, who is the executive producer of The Titan Games, a sports competition reality series on NBC. The XFL is the latest sports-related move for Cardinale and RedBird, which recently bought French soccer team Toulouse. In addition, Cardinalealong with Oakland As executive Billy Beanecreated a special purpose acquisition company, or SPAC, thatll focus on buying companies in sports, media and data analytics. The private equity firm is also an investor in the YES Network, the regional sports network that shows New York Yankees games, as well as On Location Experiences, which is partly owned by the NFL, and also OneTeam Partners, a tie-up that includes the unions that represent MLB and NFL players. In its bankruptcy filing, Alpha Entertainment, the XFLs parent, listed the league with assets and liabilities in the range of about $10 million to $50 million. McMahon announced the XFLs reboot in 2018, and spent two years developing the eight-team league. The XFL drew more than 3 million viewers in its first week. The audience was about half that number in its fifth and final week before the shutdown. The original XFL, created in 2001 in partnership with NBC, folded after one season. XFL President Jeffrey Pollack oversaw the sale process for the league. --- [obligatory signature] <cite>CRON posted [p:942933090] in Dwayne Joh... [t:78889404]...</cite> <quote>https://www.sportico.com/2020/personalities/athletes/dwayne-the-rock-johnson-buys-xfl-for-15-million-with-redbird-capital-1234610422/ <quote>The XFL has been sold to a group that includes former WWE star Dwayne The Rock Johnson, giving the bankrupt football league the kind of star power that may draw even non-sports fans. Johnson, an actor and producer who played college football at the University of Miami, teamed up with Gerry Cardinales RedBird Capital to buy the league just hours before a planned auction was scheduled to begin. They paid $15 million, splitting it evenly. Johnsons business partner, Dany Garcia, who is also his ex-wife, will be a stakeholder as well. RedBird has made a litany of sports-related investments, including some with ties to the National Football League and its players. The presence of Johnson, meantime, continues pro wrestlings involvement in the spring football league, which was foundedand fundedby WWE Chairman and Chief Executive Officer Vince McMahon. The XFL filed for bankruptcy in April after the COVID-19 pandemic prompted the cancellation of its inaugural season, which got off to a promising start in terms of television audience. The league had a broadcast agreement with Fox. With live sports a reliable vehicle to deliver ratings, theres a good chance a number of traditional TV networksand perhaps streaming companieswould seek to add the XFL to their portfolios. Besides the league, networks would likely seek a tie-up with Johnson, who is the executive producer of The Titan Games, a sports competition reality series on NBC. The XFL is the latest sports-related move for Cardinale and RedBird, which recently bought French soccer team Toulouse. In addition, Cardinalealong with Oakland As executive Billy Beanecreated a special purpose acquisition company, or SPAC, thatll focus on buying companies in sports, media and data analytics. The private equity firm is also an investor in the YES Network, the regional sports network that shows New York Yankees games, as well as On Location Experiences, which is partly owned by the NFL, and also OneTeam Partners, a tie-up that includes the unions that represent MLB and NFL players. In its bankruptcy filing, Alpha Entertainment, the XFLs parent, listed the league with assets and liabilities in the range of about $10 million to $50 million. McMahon announced the XFLs reboot in 2018, and spent two years developing the eight-team league. The XFL drew more than 3 million viewers in its first week. The audience was about half that number in its fifth and final week before the shutdown. The original XFL, created in 2001 in partnership with NBC, folded after one season. XFL President Jeffrey Pollack oversaw the sale process for the league.</quote></quote> ... Copied to Clipboard!
Reiss 08/03/20 10:05:02 AM #2:	why? <cite>Reiss posted [p:942933103] in Dwayne Joh... [t:78889404]...</cite> <quote>why? </quote> ... Copied to Clipboard!
Guide 08/03/20 10:05:04 AM #3:	Didn't they just try to figure that mess out --- evening main 2.4356848e+91 https://youtu.be/Acn5IptKWQU <cite>Guide posted [p:942933105] in Dwayne Joh... [t:78889404]...</cite> <quote>Didn't they just try to figure that mess out </quote> ... Copied to Clipboard!
Veggeta X 08/03/20 10:05:30 AM #4:	SI also confirms this https://www.si.com/xfl/2020/08/03/dwyne-the-rock-johnson-buys-xfl-redbird-capital-15-million --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:942933113] in Dwayne Joh... [t:78889404]...</cite> <quote>SI also confirms this https://www.si.com/xfl/2020/08/03/dwyne-the-rock-johnson-buys-xfl-redbird-capital-15-million </quote> ... Copied to Clipboard!
BeyondWalls 08/03/20 10:06:24 AM #5:	Throwing money away. --- END OF LINE <cite>BeyondWalls posted [p:942933132] in Dwayne Joh... [t:78889404]...</cite> <quote>Throwing money away. </quote> ... Copied to Clipboard!
The Trent 08/03/20 10:06:39 AM #6:	i guess if anyone's going to make that work, it's the rock? --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:942933139] in Dwayne Joh... [t:78889404]...</cite> <quote>i guess if anyone's going to make that work, it's the rock? </quote> ... Copied to Clipboard!
lww99 08/03/20 10:06:47 AM #7:	Should have used that money for his POTUS run --- http://i65.photobucket.com/albums/h239/nhottbarbwire/owningroad_zps2333f502.gif <cite>lww99 posted [p:942933146] in Dwayne Joh... [t:78889404]...</cite> <quote>Should have used that money for his POTUS run </quote> ... Copied to Clipboard!
FabIemaster 08/03/20 10:07:42 AM #8:	I'm confused. Your title says Dwayne Johnson bought it but the link says The Rock bought it. So who actually bought it? Dwayne Johnson or The Rock? --- The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact. <cite>FabIemaster posted [p:942933174] in Dwayne Joh... [t:78889404]...</cite> <quote>I'm confused. Your title says Dwayne Johnson bought it but the link says The Rock bought it. So who actually bought it? Dwayne Johnson or The Rock? </quote> ... Copied to Clipboard!
Veggeta X 08/03/20 10:08:41 AM #9:	FabIemaster posted... I'm confused. Your title says Dwayne Johnson bought it but the link says The Rock bought it. So who actually bought it? Dwayne Johnson or The Rock? https://imgur.com/Y7vjHB3 --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>Veggeta X posted [p:942933209] in Dwayne Joh... [t:78889404]...</cite> <quote>FabIemaster posted... </cite> <quote>I'm confused. Your title says Dwayne Johnson bought it but the link says The Rock bought it. So who actually bought it? Dwayne Johnson or The Rock?</quote>https://imgur.com/Y7vjHB3 </quote> ... Copied to Clipboard!
AirFresh 08/03/20 10:12:17 AM #10:	lol --- AirFresh - Voted the hottest content creator on The FAQs' #KeepItFresh <cite>AirFresh posted [p:942933318] in Dwayne Joh... [t:78889404]...</cite> <quote>lol </quote> ... Copied to Clipboard!
Quorthon109 08/03/20 10:17:18 AM #11:	Seems like a steal tbh. Kinda staggering how much money Vince put into it only for it to end up bankrupt and sold off. --- https://imgur.com/Kjo08 <cite>Quorthon109 posted [p:942933477] in Dwayne Joh... [t:78889404]...</cite> <quote>Seems like a steal tbh. Kinda staggering how much money Vince put into it only for it to end up bankrupt and sold off. </quote> ... Copied to Clipboard!
Guerrilla Soldier 08/03/20 10:18:33 AM #12:	CRON posted... along with Oakland As executive Billy Beane whaaaaaaaaaaaat craziness --- Disclaimer: There's a good chance the above post could be sarcasm. Die-hard Oakland A's fan --- Keep the A's in Oakland! <cite>Guerrilla Soldier posted [p:942933517] in Dwayne Joh... [t:78889404]...</cite> <quote>CRON posted... </cite> <quote>along with Oakland As executive Billy Beane</quote> whaaaaaaaaaaaat craziness </quote> ... Copied to Clipboard!
bobbysjoby2 08/03/20 10:18:48 AM #13:	He's making his tv show Ballers a reality lmao <cite>bobbysjoby2 posted [p:942933533] in Dwayne Joh... [t:78889404]...</cite> <quote>He's making his tv show Ballers a reality lmao </quote> ... Copied to Clipboard!
The Popo 08/03/20 10:20:14 AM #14:	Quorthon109 posted... Seems like a steal tbh. Kinda staggering how much money Vince put into it only for it to end up bankrupt and sold off. I think its due to how long it might be for any decent revenue to be produced. They werent really making any money on TV deals. It was at the ticket window and through merchandise. And with covid around, itll probably greatly diminish the immediate demand for tickets, even after a vaccine is available. Betting on a successful XFL is a risky venture at this point. Vince cashed out while he could. --- Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran <cite>The Popo posted [p:942933584] in Dwayne Joh... [t:78889404]...</cite> <quote>Quorthon109 posted... </cite> <quote>Seems like a steal tbh. Kinda staggering how much money Vince put into it only for it to end up bankrupt and sold off.</quote> I think its due to how long it might be for any decent revenue to be produced. They werent really making any money on TV deals. It was at the ticket window and through merchandise. And with covid around, itll probably greatly diminish the immediate demand for tickets, even after a vaccine is available. Betting on a successful XFL is a risky venture at this point. Vince cashed out while he could. </quote> ... Copied to Clipboard!
Error1355 08/03/20 10:20:20 AM #15:	This is weird. lol --- Welcome home, shed your skin and expose your bones. Take my hand, follow us into the black so far that we can't get back. <cite>Error1355 posted [p:942933590] in Dwayne Joh... [t:78889404]...</cite> <quote>This is weird. lol </quote> ... Copied to Clipboard!
SK8T3R215 08/03/20 10:23:13 AM #16:	There can be good demand for spring football and its ratings weren't terrible. They just got really screwed with COVID which basically killed the league prematurely. They had some good rule changes also. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:942933676] in Dwayne Joh... [t:78889404]...</cite> <quote>There can be good demand for spring football and its ratings weren't terrible. They just got really screwed with COVID which basically killed the league prematurely. They had some good rule changes also. </quote> ... Copied to Clipboard!
s0nicfan 08/03/20 10:24:34 AM #17:	SK8T3R215 posted... There can be good demand for spring football and its ratings weren't terrible. They just got really screwed with COVID which basically killed the league prematurely. They had some good rule changes also. This. It looked like this time it might actually have everything it needed to succeed and then a global pandemic killed them right when they most needed to start making money. This may end up being an incredibly smart investment on his part. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:942933738] in Dwayne Joh... [t:78889404]...</cite> <quote>SK8T3R215 posted... </cite> <quote>There can be good demand for spring football and its ratings weren't terrible. They just got really screwed with COVID which basically killed the league prematurely. They had some good rule changes also.</quote> This. It looked like this time it might actually have everything it needed to succeed and then a global pandemic killed them right when they most needed to start making money. This may end up being an incredibly smart investment on his part. </quote> ... Copied to Clipboard!
Poop2 08/03/20 10:28:17 AM #18:	but, why? <cite>Poop2 posted [p:942933854] in Dwayne Joh... [t:78889404]...</cite> <quote>but, why? </quote> ... Copied to Clipboard!
The Trent 08/03/20 10:36:16 AM #19:	probably a combo of tax reasons / a belief that it's value for 15m that his people think could turn the other way with proper management and a lack of global pandemic --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:942934084] in Dwayne Joh... [t:78889404]...</cite> <quote>probably a combo of tax reasons / a belief that it's value for 15m that his people think could turn the other way with proper management and a lack of global pandemic </quote> ... Copied to Clipboard!
WingsOfGood 08/03/20 10:36:37 AM #20:	Cena was there too just invisible. <cite>WingsOfGood posted [p:942934095] in Dwayne Joh... [t:78889404]...</cite> <quote>Cena was there too just invisible. </quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > Dwayne Johnson buys the XFL for $15M (+) Yeah! (+)

Current Events > Dwayne Johnson buys the XFL for $15M