All Things XFL: Dwayne "The Rock" Johnson Purchases XFL with Redbird Capital Partners

Discussion in 'Sports Bar' started by Philo-Publius, Dec 24, 2017.

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When the XFL launches in February, in which of the following will you partake?

Poll closed Apr 16, 2020.
  1. Watching games on television

    44 vote(s)
    58.7%
  2. Attending live games

    6 vote(s)
    8.0%
  3. Buying merchandise

    4 vote(s)
    5.3%
  4. Asking local sports bars to show games

    4 vote(s)
    5.3%
  5. All of the above

    4 vote(s)
    5.3%
  6. None of the above

    26 vote(s)
    34.7%
Multiple votes are allowed.
  1. HereticBD Plutonium Belt

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    In the hearts and minds of everyone
    If they buy it, they're probably not very smart. Forget for a second that it's already a huge gamble, being a start up league. There's uncertainty with all sports right now, with COVID fucking things up. There's no guarantee that fans will ever be welcomed back to live events.

    I'd pay maybe $10 for it...maybe. Depends on if I had a stronger craving for some Chinese food at the time.
     
  2. Philo-Publius Gold Belt

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    Disney, Fox, and some other corporations have tons of money to blow on a risk like the XFL. At the end of the day, if it doesn't pan out, it's just a tax write-off for them.
     
  3. Goatenstein Black Belt

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    I hope Tony Khan buys it.
     
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  4. Gregolian .45 ACP Platinum Member

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    <[analyzed}><{jackyeah}>
     
  5. Holic Sock Puppet Exorcist Yellow Card

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    Philo-Publius and Kaybee like this.
  6. Corona GOAT

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  7. Michael Scott Green Belt Platinum Member

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  8. Holic Sock Puppet Exorcist Yellow Card

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    Alpha Acquico, LLC (“Alpha Acquico”), a joint venture between The Garcia Companies and Redbird Capital Partners Management LLC. The Qualified Bid of Alpha Acquico is for the purchase of substantially all of the Debtor’s assets for a purchase price of (a)$15,000,000, (b) the assumption of certain specified liabilities, and (c) the payment of cure amounts of up to $8,500,000 for agreements designated by Alpha Acquico to be assumed and assigned by the Debtor in accordance with the designation procedures provided in the asset purchase agreement and order approving the sale.

    “PLEASE TAKE FURTHER NOTICE that, no other Qualified Bids were received by the Bid Deadline, and the Debtor hereby provides notice of cancellation of the Auction. The Debtor will seek entry of an order approving the sale to Alpha Acquico at the sale hearing scheduled for August 7, 2020 at 10:00 a.m. (ET)”

    https://xflnewshub.com/xfl-news/mor...dders/?utm_source=dlvr.it&utm_medium=facebook
     
  9. Philo-Publius Gold Belt

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  10. asdf122345 Red Belt

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  11. Philo-Publius Gold Belt

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    Some of the XFL's creditors are objecting to the sale, which is creating a snag:

    https://xflnewshub.com/xfl-news/alp...itors-object-sale-of-xfl-want-to-rework-deal/

     
  12. PEB Atomic Butt Drop Champ :)

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    SPACE THE FINAL FRONTIER :)

    The Rock going to find out the hard way this is not some kind of CraigsList sale he going to run into expensive problems. 15 million sounds like a lot but in the end I bet some of these creditors are athletes and suppliers who will create problems. I remember a former executive from the Company I used to work for bought the Pittsburgh Penguins for 30 million dollars it turned out to be a horror show. Super Mario Lemieux owned a sizable part of the company and to continue playing it was going to cost millions. Roger was the Donald Trump of sports owners with a billion dollars and a spending habit.


    "Roger Marino, a man blessed with the ability to annoy almost
    everyone, gleefully grabbed the two editorial cartoons he had
    stashed behind his desk. "Take a look at these," said Marino,
    the Pittsburgh Penguins co-owner who was amused by the
    unflattering drawings that appeared last month in local
    newspapers. Marino, a Boston native and resident who bought half
    ownership in the Penguins from Howard Baldwin in May 1997 and
    has since enraged Pittsburghers with his abrasive personality
    and management style, views himself as strong medicine for an
    ailing franchise."


    He's currently listed at 1.2 billion dollars net worth.



    https://vault.si.com/vault/1998/09/...ins-owner-has-fanned-the-flames-in-pittsburgh
     
  13. Philo-Publius Gold Belt

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    Even though Rock put about $7 million of his own money into the league, the real financial backing is going to have to come from Redbird Capital. The Rock isn't that rich. His involvement is probably primarily just to replace Vince as a figure head personality, and in that respect he is a great choice.
    Yeah, football is especially expensive with all of the injuries. Redbird Capital is an investment firm that currently supervises $4 billion in assets, so I assume they have deep pockets.
    The USFL wasn't entirely Donald's fault. There were many other owners involved.
     
  14. Mondo Freaks Green Gucci Suit Platinum Member

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  15. Philo-Publius Gold Belt

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  16. Philo-Publius Gold Belt

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    Here is Dana's take on the XFL purchase:

     
  17. Philo-Publius Gold Belt

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    The creditors' objections have apparently been resolved:

    https://sportsnaut.com/2020/08/cred...ing-xfl-resolved-sale-expected-to-go-through/
     
  18. Holic Sock Puppet Exorcist Yellow Card

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    And its official

     
  19. Corona GOAT

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