Connect with us

XFL News

XFL Working With Investment Bank PJT Partners Seeking Investors

According to a report by Sportico the XFL is looking for new equity investors in the league. Dwayne ‘The Rock’ Johnson, Dany Garcia, and Gerry Cardinale’s RedBird Capital Partners own the XFL. They purchased the property out of bankruptcy for $15 million, plus over $9.2 million in debts and payments in 2020.

Equity investors purchase company shares with the expectation that they’ll rise in value. The equity used in the sale of shares would help fund the league.

“Part of PJT’s responsibilities with the XFL search is ensuring potential equity investors share the vision of the current ownership group on the development and commercialization of the XFL, according to the person familiar with the transaction.”

Is the league already losing money, or is this part of the long-term plan? The USFL is working with Allen & Co. to help fund expansion in their league.

Seeking new equity investors could be a similar move. The difference is RedBird Capital holds a capital of $6 billion. But they have many projects going on.

Now that the XFL has announced its cities, the TV deal with Disney and started selling season tickets. This could be a time to start looking for more investors. The problem becomes too many cooks in the kitchen.

Former XFL Commissioner Oliver Luck had noted that the only way for Spring Football to work was to have one sole person to answer for the league, rather than a bunch of investors. It should be noted that the partnership between Luck and McMahon ended in a lawsuit.

We will keep an eye on this news. The USFL working with Allen & Co. worried some fans, but it was much to do about nothing. They had been working with the USFL for a while. This move by the XFL could be the same.


📢 Attention XFL News Hub community! We've got a quick 30-second survey and we need your thoughts. Your feedback will help us to bring you the XFL content you love even better. Just click the link in the description below to get started. Thanks for being a part of our team!
Unleash the Action: Sign up for XFL Insider and Fuel Your Passion for Football!


Mark is the founder and editor of XFL News Hub. The site was started in January of 2018, within days of the announced return of the XFL. Contact him directly by emailing mark.perry@xflnewshub.com

1 Comment

1 Comment

  1. 4th&long

    August 8, 2022 at 11:57 am

    Notice how this was announced after Townhall? Who really is funding the league and how how willing are they to go? Fox said $150mm over 3 years.
    No public comment ? Very little transparency. They need to be less vision and more candid.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

XFL News Alerts

XFL 2023 Season Attendance Recap: The Ups and Downs

Latest Podcast

Subscribe XFL Podcast

Get Alerts & Stay Connected

More in XFL News