- The XFL will be back for viewing and betting come the Spring of 2022.
- Dwayne “The Rock” Johnson is now one of three owners of the league after purchasing it in August for $15 million.
LOS ANGELES – Dwayne “The Rock” Johnson, along with Dany Garcia and Redbird Capital purchased the Xtreme Football League (XFL) this past August for a slated return to occur in the Spring of 2022.
The three owners of the league each put in $5 million to total the $15 million the XFL cost at the time of purchase. This will be the third run for the sport after two failed attempts at a successful season turnout in 2001 and 2020.
The Second Revival
The 2022 return date has been done purposefully as the new owners want to take their time to properly roll out the sport and give it an actual shot at surviving a season with success.
Now that the Rock is involved, his name should pull in more fan engagement which has the potential to result in more profits from every aspect of the sport, including wagers with sportsbooks.
The Rock tweeted about the return of the XFL. His business ventures are usually fruitful, as his show “The Titan Games” has proved to be. He could very well be the key to the XFL becoming a sport that will be able to stick around for more than a single season at a time.
For now, in order to be a long-lasting league, fans will need to wait a bit to get in on the action of the XFL in the future.
“For the love of football and for the safety of our players and fans, we’ll be back on the field in 2022,” said Jeffrey Pollack, XFL President and COO. “The opportunity in front of us, with our new ownership, is simply too big to rush back. We want to do this properly with care and thought for everyone who loves football, especially our players, coaches, partners, and fans.”
The XFL Story
XFL betting fans and those with a love for the XFL sport will need to wait almost two years to see it back in action. Vince McMahon founded the league in 2001 where it proved to be a disappointment in terms of profit.
Rather than make money, that first and thought to be final single-season lost McMahon and his partner at the time Dick Ebersol $35 million. But McMahon was adamant to bring the sport he created back to life one day.
Spending around $200 million to bring the XFL back after almost two decades, McMahon brought the revived the league in 2020 which would turn out to be a less than favorable time for any sport to try and make a comeback as the Coronavirus Pandemic took over the world.
The XFL couldn’t play an entire season and had to shut down as did all other sports.
Viewership was lacking, showing numbers for the first week ranging around 3.1 million and by Week 5, the final week of games, a significant drop of more than half to 1.5 million viewers.
After laying off most everyone from the league and filing for bankruptcy in April, many of the employees from the XFL remain unpaid. Only half of the season schedule was played.
There is also a lawsuit for $23.8 million currently taking place involving wrongful termination involving the former commissioner Oliver Luck and McMahon.
With all of this happening, and the lack of funds to cover the monumental expenses, the XFL was going to be put up for auction. But Johnson and his business partners made an offer of $15 million before that happened to bring the sport back once again in 2022.
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.