With a net worth put at $2.2 billion by Forbes, McMahon has the capital to indulge his pursuits and will need deep pockets with sporting start-ups regularly burning through cash. They had one in NFL Europe and it wasn’t costing them a ton. The first iteration 20 years ago was a clown show, and the second was just a bunch of NFL has-beens and NCAA never-will-be(s). Net Worth: $500 Million. The official source for XFL news, schedules, rosters, tickets, team gear and more. The league intended to compete in a ten-game season and a two-week postseason in the winter and spring months, after the Super Bowl. The majority of players on an XFL roster will be either tier three … Brian Bosworth Net Worth. All eight teams were centrally owned and operated by the league (as opposed to the franchise model, with each team having different ownership groups) and spread across the United States in markets currently or recently represented by an NFL franchise. I am a credentialed reporter and writer. Tax right off probably but I hope not. Generally speaking, the bigger the hexagon is, the more valuable XFL (2020) networth should be on the internet! Some/many people are looking for an alternative that keeps politics out of football. Remember, the XFL got off to a pretty decent start in 2020 -- but COVID essentially served as a death sentence to the league, forcing it to shut down in March. For The Rock and his partners to succeed, they need to gather a group of team owners who have the resources and the will to take their lumps early. He’s splitting $15 million 3 ways. Spring football can work, but the audience won’t appear overnight. Dwayne Johnson is smart enough to make this work On August 2, 2020, it was reported that a consortium led by Dwayne Johnson, Dany Garcia and Gerry Cardinale (through Cardinale's fund RedBird Capital Partners) purchased the XFL for $15 million just hours before an auction could take place; the purchase received court approval on August 7. —————————————————————————————-. Even if the league goes bust again, he won’t end up in the poorhouse. Kids that are tied of being exploited by the NCAA can go the XFL and become semi-professional football players that can get paid for their likenesses. $15M is nothing, not even a drop in this bucket. Just because the Rock is involved doesn’t guarantee success. Davis was the principal owner and manager of the Oakland Raiders of the NFL for 39 years from 1972 until his death in 2011. $7.5M? All this $15M does is buy these guys the right to spend $200M more to try to get this thing to succeed. You must be logged in to leave a comment. The XFL's parent company originally listed the league with assets and liabilities in the range of $10 million to $50 million. This would be the third start. The Rock is loaded. The 2019 NFL season is a wrap, but that doesn’t mean football is over. I’ve heard sometimes famous people go broke from making dumb investments. As I said when he first announced the return of the XFL two years ago, “it won’t last a season”. If not, hopefully he stays out of trouble. Smith was selected by … August 3, 2020 at 10:17 am, You have a lot of catching up to do if you think $7.5 million will bankrupt The Rock. No viewers = bad ratings = little advertising money = failed league. The stupidity of this has nothing to do with the up-front investment. Wait til it becomes a sink-hole and he’s pouring $100M into it just to get one season off the ground. They’ll pay a total of $15 million, splitting the price equally. It was also confirmed that despite a potential sale of assets, the league was now defunct.On August 2, it was announced that Dwayne Johnson and longtime business partner, Dany Garcia partnered with Gerry Cardinale’s RedBird Capital to purchase the XFL for $15 million. The 2020 XFL season is set to kick off its 10-week schedule on Saturday, Feb. 8, six days after Super Bowl LIV. Davis has served as the team’s head coach from 1963 to 1965 and part owner from 1966 to 1971. Remember, the XFL got off to a pretty decent start in 2020 -- but COVID essentially served as a death sentence to the league, forcing it to … PFT Draft: Who must step up in conf. Vince McMahon Net Worth. Celebrities more often then not want to keep their love affairs secret, if you happen to know the name of XFL (2020)'s partner, please leave a comment in the section below. If the XFL can launch and stay solvent for a few years, they could have the NFL willing to talk about some kind of support and connectivity. The only shot for this to become viable is to partner with NFL and create the long awaited minor league system. It’s not a bad speculation for Johnson. The XFL will reportedly pay its players an average of $55,000. Not a member? Dwayne Johnson, a former pro wrestler who has become a major film and TV star, is buying the XFL, according to Scott Soshnick of Sportico.com. Brian Keith Bosworth was born on the 9th March, 1965 in Oklahoma City, Oklahoma, USA. Can you smell what the Rock is cooking….? The original XFL … just thoughts. Last season people were making financial commitments and then backing out. Per the report, Johnson teamed up with RedBird Capital and pressed the “buy it now” button, making the purchase only hours before an auction was due to begin. Also, he better hope his partners are legit a solid. Here's how it happened. The problem, as always, with these alternate leagues is you need deep pockets to stay in for the long haul. But there will surely be more interest in the league with Dwayne Johnson as the owner than there would have been if some faceless venture-capital fund had made the purchase. The thing is, not only does he have the money, but he actually loves the game as well, he played in college as well. So you predicted the pandemic? And it didn’t. ____________________. Didn’t CBS have XFL games already? I’ll MAKE room, man!”. Vince McMahon’s 2001 failure is back in a new form with what seems like a slightly more structured format to build some sustainable success. The problem with the short lived XFL wasn’t ownership, it was a lack of interest from football fans. The XFL had a unique structure for paying its players that no other professional sports league had ever used. 0 2,370 . It’s fact NFL ratings have been down the past few years since Kaep took his “stance”. Both McMahon's WWE and NBC each lost $35 million. Remember Doom? Only time will tell if the world is ready for the XFL again. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email this to a friend (Opens in new window), Dwayne Johnson, RedBird Capital buy XFL for $15 million, Texans’ Josh McCown interview makes mockery of process, Rod Graves: Disparity in opportunities for Black coaches is “mind-boggling”, Chiefs lose Patrick Mahomes, still beat Browns to go to AFC Championship Game, Bad luck, a bad rule, a bad call and a bad first half for the Browns, Brett Favre on Patrick Mahomes concussion: “This is a test for the NFL”, Some in the league think Josh Allen has caught Patrick Mahomes, Report: Deshaun Watson prefers Jets over Dolphins, Salary cap could be in the range of $180 million, Dan Campbell: This place has been battered and bruised, enough of that s–t, Report: Matthew Stafford asks for trade, Lions plan to accommodate him. According to CelebrityNetWorth.com, Ebersol is worth … Another failed attempt to create another football league. The official source for XFL news, schedules, rosters, tickets, team gear and more. XFL teams can have up to three players in the $15,000 to $17,500 per game range. Wow, just like the Rock was trying to do on the series Ballers. They have four children together named Andrew, Mary Ellen, Emily, and Addison. That’s how the original AFL survived and went on to partner with the NFL. The XFL's parent company originally listed the league with assets and liabilities in the … This article was originally published June 29, 2019. In theory, the XFL … I don’t know the tv contracts and all that, but I am sure him being involved gets a lot of the networks interested. That is pennies. It is backed by WWE chairman and CEO Vince McMahon, whose personal net worth is estimated by Forbes magazine to be $2.2 billion. If anyone can make the XFL a success, the ROck is the Man to do it. That’s just the price of admission. The league and its teams were owned by Alpha Entertainment, a private company formed independently of WWE by McMahon (although WWE was listed in filings as holding a 23.5% minority stake in Alpha Entertainment).After 5 weeks of play, the XFL announced that its inaugural season would come to a close on March 12 because of growing COVID-19 pandemic concerns and social distancing mandates. What exactly about the Rock inspires people to think he can get the XFL to work? Dick Ebersol is a friend of Vince McMahon and helped launch the XFL in 2000. Smith played college football for the Utah Utes where he also was named the Mountain West Conference Player of the Year in 2004. On April 10, the league suspended day-to-day operations and laid off its employees; it filed for bankruptcy three days later and put itself up for sale. Just sit on the equity and sell it later to the next fool that thinks they can bring it back. McMahon currently has a real time net worth of $3.0B according to the prestigious Forbes publication and his entertainment company entertainment company (WWE) hauls in nearly $1 billion in annual revenue. The stupidity of this has nothing to do with the up-front investment. It just doesn’t work. XFL Commissioner Oliver Luck revealed that there will also be franchises in Houston, St. Louis, Seattle, Tampa, and Washington when the league kicks off the weekend of February 8.The timing is interesting for Week 1 of the new XFL season.They will debut on the heels of … It’s a pity that the season had to end early for no other reason than a literal pandemic but it is what it is, I think the Rock could be just what the doctor ordered to infuse life into it again cause when it was on it was getting good ratings. He’ll have to sign players and sell enough tickets/tv rights to make it profitable. He also will know when to fold up shop and close the doors if it doesn’t He’ll be alright. 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