According to Forbes, the recently concluded season of XFL saw a loss of $60 million. This was the first season since Dwayne “The Rock” Johnson, along with his longtime business partner and ex-wife Dany Garcia, took over the league for $15 million. Despite the financial setback, Johnson believes that the XFL is a “league of opportunity” and has a long-term future.
Johnson, who had a dream of playing in the NFL, sees the XFL as his legacy and not merely a business venture. The league is projecting a revenue of $100 million next season, and 67 players who participated in the XFL during the 2023 season have been invited to workout for NFL teams, with 22 of them already signing NFL contracts.
Although XFL’s income is heavily reliant on ESPN, with the network paying $20 million per season, Johnson is optimistic about the league’s outlook and sees it as the “next massive live property.” The league’s chair, Dany Garcia, is equally positive, stating that they are “extremely well-capitalized for the long-term.”
With eight teams playing in the XFL this past season, the Arlington Renegades emerged as champions by defeating the DC Defenders. The championship game had a live audience of over 22,000 and was watched by 1.4 million people on TV. Overall, while XFL shows a financial loss, its owners are confident of its potential as a league for the long haul.
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