After Vince McMahon decided to fold the XFL due to the COVID-19 pandemic, The Rock teamed up with RedBird Capital and his business partner (and ex-wife) Dany Garcia to buy the league.
They signed a deal with Disney to air the XFL games on channels like ESPN, FX, and ABC.
The XFL Championship game, which took place on May 13th, was watched by 1.4 million people and had 22,000 fans in attendance. Arlington Renegades defeated DC Defenders in this game.
According to Forbes, XFL lost $60 million after paying $23.5 million for it.
XFL is projecting $100 million in revenue for the next season, out of which $20 million will be from ESPN, as that’s what they’ll pay them per season.
XFL Chairwoman Dany Garcia said the following about this:
“We’re extremely well-capitalized for the long-term. This is our new WWE. The next massive live property.”
The Rock said the following about the future of XFL:
“My goal was can we get through the first season. This is not just an endeavor that’s going to fill up a portfolio and one day we flip it and we’re out. This is legacy. This is the long game.”
Also Read: Bad News For The Rock’s Fans
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