Arax Investment Partners, a RedBird Capital Partners portfolio company, seeks to partner with wealth and asset management firms as well as financial advisor teams, combining Araxs best-in-class wealth management executive teams vision with RedBirds strong track record, expertise, and network in the Financial Services RedBird Capital Partners, founded in 2014, is a private investment business focusing on establishing high-growth firms alongside entrepreneurship in its four domains of expertise. WebFounded by former Goldman Sachs Partner Gerry Cardinale, RedBird today manages $6 billion of capital principally across its core industry verticals in Sports, TMT, Financial Services and Consumer. Gerrys company is having a good network of entrepreneurs. [3] Early life [ edit] Scheiner was born and grew up in Lower Merion, Pennsylvania. Gerry Cardinale, the founder of RedBird Capital, is of Italian origin. WebRedbird (comics), the name of Robin's car from Batman comics, and one of the aliases of Damian Wayne Red Bird (web series), an American television Western web series Redbird, the mascot of De Pere High School in De Pere, Wisconsin Redbird, slang for a $5 casino chip Red Bird (character), the main character in Angry Birds [1] He was for many years one of the most friendly and trusted of the Wisconsin Native Americans. The firm seeks to invest in consumer products, consumer services, financial services, energy, information technology, SaaS, TMT, industrial, esports, infrastructure, and fintech sectors in North America. WebRedbird Capital Partners is a wealth management company founded in 2013. Sin embargo, la aparicin de RedBird Capital Partners acab frustrando los planes de la sociedad de Medio Oriente, que casi compran el club por 1,1 billones de euros. To date his company RedBird holds a capital of $6 billion USD. WebContact Email [emailprotected] Phone Number 212-235-1000. Dan Gagnier RedBird Capital Partners es una empresa norteamericana encabezada por Gerry Cardinale. It is a central source of investment and company-building strategy that helps new entrepreneurs as well as old to achieve their business objectives through raising finance from RedBird Capital Partners. RedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. RedBall, headed up by American billionaire and former Goldman Sachs banker Gerry Cardinale, and the pioneer of baseball analytics, Billy Beane, has turned its attention to trying to invest in another sporting enterprise. Cardinale also entered into a business venture with Hollywood actor Dwayne Johnson to purchase the XFL spring football league in the US, a competition to start in 2022. The team is an owned-and-operated member of the XFL, owned by RedBird Capital Partners, Dwayne Johnson and Dany Garcia 's Alpha Acquico, LLC. Gerry Cardinale Wiki: Gerry Cardinale is a well-known businessman and entrepreneur. Founded in 2014, RedBird Capital Partners is a private equity firm based in New York, New York. Cautionary Note Concerning Forward-Looking Statements. Overview Structured Data Issues Contributors Activity Something went wrong. Private investment firm RedBird Capital Partners has announced it filed with the Securities and Exchange Commission as it looks to take a new blank check company public. Your email address will not be published. All Rights Reserved. [1] Investimenti [ modifica | modifica wikitesto] His CV is one that points to the sharpest of business minds allied with a major interest in sports and the unique position teams have for growth. WebRedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. The team is an owned-and-operated member of the XFL, owned by RedBird Capital Partners, Dwayne Johnson and Dany Garcia 's Alpha Acquico, LLC. ADDRESS: 667 Madison Avenue 16th Floor New York, NY 10065 United States. WebContact Email [emailprotected] Phone Number 212-235-1000. RedBird Capital Partners investment vehicle stepped into the breach, How Long is OTA Football Training in Camp, idea is to increase the value of the business, franchise the New York Yankees and its affiliated businesses. Founded by former Goldman Sachs Partner Gerald Cardinale, RedBird has over $3.0 billion of equity under management to support its entrepreneur-led platforms, connecting patient, flexible capital with business founders to help them outperform operationally, financially and strategically. To date, RedBird manages over $6B of capital on behalf of a highly curated group of blue-chip global institutional and family office investors. WebRedBird Capital Partners Principal Investment Firm RedBird Capital Partners Our Strategy We partner with proven founders sourced through our 400+ member EFO Network. Copies are available on the SECs website, www.sec.gov. Licenciado en Comunicacin Social. AC Milan est en el centro de atencin del ftbol italiano tanto por el Scudetto conseguido la semana anterior como por su cambio de dueos. RedBall wants to raise $500 million which will be used to fund the special purpose acquisition company, or SPAC. Mario Cuomo. Founded in 2014, RedBird Capital Partners is a private equity firm based in New York, New York. La compaa maneja 6 billones de dlares en activos, teniendo inversiones en distintas marcas de prestigio. Founded in 2014, RedBird Capital Partners is a private equity firm based in New York, New York. Estos poseen el 11% de Fenway Sports Group, dueos de Liverpol (Premier League) Boston Red Sox (MLB) y New England Patriots (NFL). $ 0 B Assets Under Management 0 + SPAC companies are generally used to raise money, which is stored in escrow for two years, while officials seek to acquire distressed or companies for sale. WebCurrent uniform. It is a central source of investment and company-building strategy that helps new entrepreneurs as well as old to achieve their business objectives through raising finance from RedBird Capital Partners. WebChief Executive Officer, RedBird IMI, Operating Partner, RedBird Capital Partners Jeff Zucker. Estos poseen el 11% de Fenway Sports Group, dueos de Liverpol (Premier League) Boston Red Sox (MLB) y New England Patriots (NFL). The firm seeks to invest in consumer products, consumer services, financial services, energy, information technology, SaaS, TMT, industrial, esports, infrastructure, and fintech sectors in North America. That has seldom been the FSG way. WebRedBird Capital Partners is a private investment firm focused on building high-growth companies with flexible, long-term capital in partnership with its Entrepreneur & Family Office Network. He is widely known for being the founder and Managing partner at Redbird Capital Partners. Jeff Zucker is the CEO of the RedBird IMI and an Operating Partner at RedBird Capital Partners. Founded in 2014, RedBird Capital Partners is a confidential speculative firm that focuses on building high-developing companies close to corporate ventures in its four areas of control. WebUCP Investment Group is an independent asset management company investing in publicly traded securities and private companies with a primary focus on the Russian market. He was a leader in the Winnebago War of 1827 against Americans in the United States making intrusions into tribal lands for mining. FSG know that sporting success is good for business and they have been able to leverage that success to great effect in the past two years at Liverpool, a business that has been thriving thanks to the sterling efforts of Klopp and his charges. El heredero de Busquets? About RedBird Capital Partners. The eight-team IPL features celebrity owners, including top names from business and Bollywood, and attracts the biggest names in world cricket to a nation devoted to the sport. Founded in 2014, RedBird Capital Partners is a growth equity firm based in New York, New York. On July 20, RedBird also announced it purchased 85% of the French soccer team, Toulouse Football Club from owner Olivier Sadran who will retain a 15% stake in the club and remain on the member board of directors. Un producto de Futbol Sites. Data is a real-time snapshot *Data is delayed at least 15 minutes. Dedicado exclusivamente al periodismo deportivo desde el ao 2016 para medios de Venezuela y Argentina. Ahora estn listos para hacerse con una marca de talla mundial como AC Milan, con la intencin de devolver al club a lo ms alto del ftbol europeo. Private investment firm RedBird Capital Partners has announced it filed with the Securities and Exchange Commission as it looks to take a new blank check company public. Alternatively, copies of the prospectus, when available, may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282; telephone: (866) 471-2526; email: Prospectus-ny@ny.email.gs.com. WebFounded by former Goldman Sachs Partner Gerry Cardinale, RedBird today manages $6 billion of capital principally across its core industry verticals in Sports, TMT, Financial Services and Consumer. WebRedBird Capital Partners is a private investment firm focused on building high-growth companies with flexible, long-term capital in partnership with its Entrepreneur & Family Office Network. RedBird Capital Partners is a principal investment firm that provides flexible, long-term capital to help entrepreneurs grow their businesses. For FSG the potential link up with Toulouse could be an important one. August 6, 2020 As Dany Garcia and The Rock are the new owners of the XFL, RedBird Capital Partners is a key player moving forward. Liverpool owners Fenway Sports Group are in advanced negotiations to sell 10 percent of their business to private equity firm RedBird Capital Partners. He also sits on the board of a number of other organizations such as Skydance Media and One Team Partners, which works in partnership with the Players Associations of the NFL and MLB to monetize the name, image, and likenesses of the collective players. Founded in 2014, RedBird Capital Partners is a growth equity firm based in New York, New York. August 17, 2020 RedBall Acquisition Corp. (the Company) today announced the closing of its initial public offering of 57,500,000 units, which includes 7,500,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The Brahmas play their home games at the RedBall Acquisition Corp. (the Company) is a newly incorporated blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. WebRed Bird ( c. 1788 16 February 1828) was a leader of the Winnebago (or Ho-Chunk) Native American tribe. The company folded in 2010. Gagnier Communications We deploy capital over time and apply in-house industry expertise to create business platforms that drive terminal value. RedBird Capital Partners, founded in 2014, is a private investment business focusing on establishing high-growth firms alongside entrepreneurship in its four domains of expertise. WebRedbird Capital Partners is a wealth management company founded in 2013. Arax Investment Partners, a RedBird Capital Partners portfolio company, seeks to partner with wealth and asset management firms as well as financial advisor teams, combining Araxs best-in-class wealth management executive teams vision with RedBirds strong track record, expertise, and network in the Financial Services Jeff Zucker is the CEO of the RedBird IMI and an Operating Partner at RedBird Capital Partners. La societ gestisce oltre 7,5 miliardi di dollari di asset in gestione (2022). WebRedBird Capital Partners (nota anche come RedBird) una societ statunitense di gestione degli investimenti fondata nel 2014 a New York da Gerry Cardinale. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. El club ha pasado a ser propiedad de la sociedad norteamericana, RedBird Capital Partners. RedBird Capital Partners (nota anche come RedBird) una societ statunitense di gestione degli investimenti fondata nel 2014 a New York da Gerry Cardinale. WebView history Alec Scheiner (born 1973 in Lower Merion, Pennsylvania) [1] is a Partner at RedBird Capital Partners, helping lead its sports practice. Cardinales RedBall deal may have moved on but hisRedBird Capital Partners investment vehicle stepped into the breach to continue talks with John W. Henry and FSG in an attempt to still take a slice of the action. We hope thisarticle has been helpful to you. WebView history Alec Scheiner (born 1973 in Lower Merion, Pennsylvania) [1] is a Partner at RedBird Capital Partners, helping lead its sports practice. [1] He was for many years one of the most friendly and trusted of the Wisconsin Native Americans. August 17, 2020 RedBall Acquisition Corp. (the Company) today announced the closing of its initial public offering of 57,500,000 units, which includes 7,500,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. Overview Structured Data Issues Contributors Activity Something went wrong. The offering is being made only by means of a prospectus. [1], Attiva in diversi settori terziari, come beni di consumo, servizi finanziari, telecomunicazioni, media, tecnologia e sport,[2] dove, in particolare in quest'ultimo campo, il 31 agosto 2022 completa l'acquisizione del Milan dal fondo statunitense Elliott per 1,2 miliardi di euro. And there is the chance that FSG may be able to release more funds to aid sporting success for their teams due to the deal, but any thoughts of such investment meaning an all guns blazing assault on the transfer market this summer are likely to be met with some disappointment. What the investment does point to is FSG trying to approach the next phase of their ownership and meeting the demands of building infrastructure around both Anfield and Fenway Park as well as attempting to put out teams that challenge for the highest honors year in, year out. WebUCP Investment Group is an independent asset management company investing in publicly traded securities and private companies with a primary focus on the Russian market. Got a confidential news tip? RedBird FC, part of his RedBird Capital business, purchased a controlling stake in French Ligue 2 side Toulouse last summer with the early signs looking promising in terms of turning around the fortunes of Les Violets, while RedBird themselves bought a 30 to 40 percent stake in talent agency Wasserman Media earlier this month, an agency that looks after high profile entertainment and sporting stars including Liverpools Joe Gomez. To date, RedBird manages over $6B of capital on behalf of a highly curated group of blue-chip global institutional and family office investors. WebRedBird Capital Partners (nota anche come RedBird) una societ statunitense di gestione degli investimenti fondata nel 2014 a New York da Gerry Cardinale. The Philadelphia native has espoused his interest in sport and business several times, being a board member of YES (Yankee Entertainment & Sports Network) since 2001. He started his working life at Goldman Sachs in New York, spending 20 years there and rising to partner before leaving in 2012, spending a few months at BDT Capital Partners before setting up private investment firm RedBird Capital Partners. Goldman Sachs & Co. LLC acted as the sole book-running manager for the offering. What we really look for in what we do is owning it well. Gerrys company is having a good network of entrepreneurs. This is investment. According to Sporticothat deal is set to be concluded in the next six weeks, the level of investment around 540m ($750m) in FSGs business interests, which include Liverpool, the Boston Red Sox, NASCAR team Roush Fenway Racing and US regional cable sports network NESN. The San Antonio Brahmas are a professional American football team based in San Antonio, Texas. Elliott Management pareca tener todo acordado con el fondo rabe Investcorp para la venta de AC Milan. Gerry Cardinale Wiki, Age, Biography Gerry Cardinales Parents, Siblings Gerry A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the SEC) on August 12, 2020. WebFounded by former Goldman Sachs Partner Gerry Cardinale, RedBird today manages $6 billion of capital principally across its core industry verticals in Sports, TMT, Financial Services and Consumer. RedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. Founded in 2014, RedBird Capital Partners is a confidential speculative firm that focuses on building high-developing companies close to corporate ventures in its four areas of control. AmeriVet Securities, Inc. and Loop Capital Markets LLC served as selling group members for the offering. Gerry Cardinale, the founder of RedBird Capital, is of Italian origin. Cardinale is a major stakeholder in the YES Group, Americas biggest regional sports TV network, which broadcasts the live games of the New York Yankees, Brooklyn Nets, New York City FC and WNBA team New York Liberty. WebChief Executive Officer, RedBird IMI, Operating Partner, RedBird Capital Partners Jeff Zucker. Questa pagina stata modificata per l'ultima volta il18 gen 2023 alle 23:38. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement for the initial public offering filed with the SEC. To date his company RedBird holds a capital of $6 billion USD. WebCurrent uniform. August 17, 2020 RedBall Acquisition Corp. (the Company) today announced the closing of its initial public offering of 57,500,000 units, which includes 7,500,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. WebRedbird Capital Partners is a wealth management company founded in 2013. /PRNewswire/ -- Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation, announced today that it has signed a definitive agreement with Andrew Ross Sorkin, Jason Karaian, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni and Sarah Kessler. Private investment firm RedBird Capital Partners has announced it filed with the Securities and Exchange Commission as it looks to take a new blank check company public. WebRedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. Companies still can't resist April Fools' Day. Private investment firm RedBird Capital Partners has announced it filed with the Securities and Exchange Commission as it looks to take a new blank check company public. While the Company may pursue an acquisition opportunity in any industry or sector, it intends to focus on businesses in the sports, media and data analytics sectors, with a focus on professional sports franchises, which complement the management teams expertise and will benefit from its strategic and hands-on operational leadership. We deploy capital over time and apply in-house industry expertise to create business platforms that drive terminal value. The Companys investments focus principally on sports, TMT, financial services, and consumer. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. This investment firm has a long history of success and a growing interest in the sports world. The San Antonio Brahmas are a professional American football team based in San Antonio, Texas. To date, RedBird has overseen approximately $6 billion in assets for a hand-picked gathering of global institutional and family office financial financiers. WebRed Bird ( c. 1788 16 February 1828) was a leader of the Winnebago (or Ho-Chunk) Native American tribe. [1] He was for many years one of the most friendly and trusted of the Wisconsin Native Americans. The firm prefers to make investments in sports, financial services technology, media, telecommunication, energy and industrials, and consumer The firm seeks investments in growth-stage companies. Fuente: WebRedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. WebRedBird Capital Partners LLC - Company Profile and News - Bloomberg Markets Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. The firm seeks to invest in consumer products, consumer services, financial services, energy, information technology, SaaS, TMT, industrial, esports, infrastructure, and fintech sectors in North America. Help us improve this page by adding information. He is widely known for being the founder and Managing partner at Redbird Capital Partners. Ahora inicia un nuevo ciclo para el Diavolo con una nueva propiedad. RedBird is a big player in the private equity sector, with companies like the New York Yankees' YES Network in its portfolio. WebArax Investment Partners. WebView history Alec Scheiner (born 1973 in Lower Merion, Pennsylvania) [1] is a Partner at RedBird Capital Partners, helping lead its sports practice. He began his business in 1992 and is still a partner in Goldman Sachs. Arax Investment Partners, a RedBird Capital Partners portfolio company, seeks to partner with wealth and asset management firms as well as financial advisor teams, combining Araxs best-in-class wealth management executive teams vision with RedBirds strong track record, expertise, and network in the Financial Services Try refreshing the page. Cardinale, in an interview with Sportico in December said: Making an investment is easy, whats not so easy is owning these things well. Redbird Capital Partners is a wealth management company founded in 2013. Contact Contact Information Website 667 Madison Avenue, New York, New York 10065, US, RedBird deal with Rajasthan Royals puts CSK back in spotlight, Rajasthan Royals valued at $250 mn with US investor acquiring 15% stake, Truist Insurance Holdings furthers growth through acquisition of Constellation Affiliated Partners from RedBird Capital Partners. WebRed Bird ( c. 1788 16 February 1828) was a leader of the Winnebago (or Ho-Chunk) Native American tribe. RedBird Capital Partners, founded in 2014, is a private investment business focusing on establishing high-growth firms alongside entrepreneurship in its four domains of expertise. According to dealers of unlisted market, the deal is likely to have a rub-off effect on CSK's valuation and the stock price has already shot up as much as 20-30 per cent just in a few days and the sellers have stashed. The firm prefers to make investments in sports, financial services technology, media, telecommunication, energy and industrials, and consumer He has also served as a board member of Yankee Global Enterprises, the corporate holding company of the MLB franchise the New York Yankees and its affiliated businesses. Save my name, email, and website in this browser for the next time I comment. 2023 San Antonio Brahmas season. The Brahmas play their home games at the RedBird Capital Partners es una empresa norteamericana encabezada por Gerry Cardinale. Estos poseen el 11% de Fenway Sports Group, dueos de Liverpol (Premier League) Boston Red Sox (MLB) y New England Patriots (NFL). WebRedBird Capital Partners is a private investment firm focused on building high-growth companies with flexible, long-term capital in partnership with its Entrepreneur & Family Office Network. The firm seeks investments in growth-stage companies. The firm seeks investments in growth-stage companies. [2] Previously, Alec served as President of the Cleveland Browns and Senior Vice President of the Dallas Cowboys. The offering was priced at $10.00 per unit, resulting in gross proceeds of $575,000,000. This investment firm has a long history of success and a growing interest in the sports world. WebUCP Investment Group is an independent asset management company investing in publicly traded securities and private companies with a primary focus on the Russian market. The idea is to increase the value of the business by further monetising the intellectual property that exists around the likes of Liverpool and the Red Sox, that in turn should translate to more money to spend for Klopp further down the line, available funds in sync with what the business actually makes and not simply throwing money away. This season has been one of relative struggle and they are by no means locked into a Champions League spot, something that will have significant ramifications should they be unable to make the top four. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Shoe Carnival Near me (Shoe Store Location), How to Set Up Your Mary Kay Business in 2022 and Everything to Know, 23 Best Fax Services Near Me to Fax For Less 2023, Jimmy Johns Near Me and Complete List of Locations at Different States, 401+ Badass BBQ & Smoker Name Ideas for Team Competition, How to Buy Amazon Stock: Pros and Cons of Buying Amazon Stock. RedBird seeks investment opportunities in growth-oriented private companies where its long-term capital, investor network, and strategic relationships enable business owners to achieve their corporate objectives. WebArax Investment Partners. Andrew Murstein, president and COO of Medallion Financial Corp., launched Sports Properties Acquisition Corp. in 2008, joining forces with Major League Baseball League Baseball legend Hank Aaron and former New York Gov. Try refreshing the page. Estos poseen el 11% de Fenway Sports Group, dueos de Liverpol (Premier League) Boston Red Sox (MLB) y New England Patriots (NFL). [2] Previously, Alec served as President of the Cleveland Browns and Senior Vice President of the Dallas Cowboys. Gerry Cardinale Wiki: Gerry Cardinale is a well-known businessman and entrepreneur. This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and search for an initial business combination. FSG will hope to Cardinales experience in that side of the business will be of great benefit to both Liverpool and the Red Sox in terms of adding further revenue streams to their operations and enhancing existing ones. August 6, 2020 As Dany Garcia and The Rock are the new owners of the XFL, RedBird Capital Partners is a key player moving forward. RedBird Capital Partners is a private investment firm focused on building high-growth companies alongside entrepreneurs in its four areas of domain expertise: sports, media, consumer and financial services. Griselda San Martin | Bloomberg via Getty Images, Rishe: These are such unique times, baseball will have to make adjustments on the fly, Sports Properties Acquisition Corp. in 2008. He is widely known for being the founder and Managing partner at Redbird Capital Partners. Estos ya han hecho su incursin en el ftbol europeo con la compra de Toulouse, club ascendido a la Ligue 1. Fuente: RedBird Capital Partners es una empresa norteamericana encabezada por Gerry Cardinale. $ 0 B Assets Under Management 0 + Read More Shoe Carnival Near me (Shoe Store Location)Continue, Read More How to Set Up Your Mary Kay Business in 2022 and Everything to KnowContinue, Read More 23 Best Fax Services Near Me to Fax For Less 2023Continue, Read More Jimmy Johns Near Me and Complete List of Locations at Different StatesContinue, Read More 401+ Badass BBQ & Smoker Name Ideas for Team CompetitionContinue, Read More How to Buy Amazon Stock: Pros and Cons of Buying Amazon StockContinue, Your email address will not be published. RedBird Capital Partners es una empresa norteamericana encabezada por Gerry Cardinale. Founded in 2014, RedBird Capital Partners is a growth equity firm based in New York, New York. He began his business in 1992 and is still a partner in Goldman Sachs. Copies of the prospectus relating to this offering may be obtained, when available, for free by visiting EDGAR on the SECs website at www.sec.gov. Though RedBall is free to acquire a company in any sector, "it intends to focus on businesses in the sports, media and data analytics sectors, with a focus on professional sports franchises," the statement said. WebRedBird Capital Partners Principal Investment Firm RedBird Capital Partners Our Strategy We partner with proven founders sourced through our 400+ member EFO Network. We want to hear from you. 646-569-5897. We deploy capital over time and apply in-house industry expertise to create business platforms that drive terminal value. WebOn August 3, 2020, it was reported that a consortium led by Dwayne "The Rock" Johnson, Dany Garcia, and Gerry Cardinale (through Cardinale's fund RedBird Capital Partners) purchased the XFL for $15 million just hours before an auction could take place; the purchase received court approval on August 7, 2020. Registrarse implica aceptar los Trminos y Condiciones. The firm seeks investments in growth-stage companies. WebOn August 3, 2020, it was reported that a consortium led by Dwayne "The Rock" Johnson, Dany Garcia, and Gerry Cardinale (through Cardinale's fund RedBird Capital Partners) purchased the XFL for $15 million just hours before an auction could take place; the purchase received court approval on August 7, 2020.