Alpha Entertainment Latest Celebrity News & Gossip

Dwayne Johnson is to become a co-owner of the revamped XFL American football league after agreeing to a deal to buy out his old WWE boss Vince McMahon.The league was set to go to a bankruptcy auction this week (August 9, 2020) but Johnson, his ex-wife and current manager Dany Garcia, and RedBird Capital have closed a deal to acquire the XFL’s parent company, Alpha Entertainment, for $15 million.In a statement to The Hollywood Reporter, XFL president Tom Pollock called the deal “a Hollywood

Dade Hayes Finance EditorThe XFL, a twice-unsuccessful professional football alternative to the NFL fronted by WWE chief Vince McMahon, has been sold to Dany Garcia, Dwayne Johnson and RedBird Capital Partners for $15 million.The new owners were selected as the winning bidder for the assets controlled by Alpha Entertainment, the parent company of the XFL. The transaction is subject to bankruptcy court approval at a hearing this Friday.