The Rock’s attempt to purchase the XFL is moving forwarded after a judge ruled to allow the transaction.
The Rock, along with his business partners Dany Garcia and RedBird Capital, tried to begin their purchase of XFL for $15 million earlier this week. However, XFL’s creditors tried to block the sale.
The XFL creditors filed a motion to stop the purchase but a Delaware bankruptcy court has approved the acquisition.
As reported by Kevin Seifert of ESPN, United States District Judge Laurie Silverstein is allowing the sale to move forward after the XFL resolved a dispute on the sale price with a committee of unsecured creditors.
The Rock and his partners will take control of the XFL officially from Vince McMahon by the end of the month. An LLC called Alpha Acquico has been formed to run the league which will be relaunched in 2021.
The Rock announced the purchase of the XFL in a Tweet he posted on Monday. According to him, purchasing the XFL is a “full circle” move, which is probably a reference to the fact that he was a college football star with the University of Miami and played in the Canadian Football League before he began training as a professional wrestler.