Yes, Dwayne "The Rock" Johnson is a co-owner of the United Football League (UFL). He does not own the league outright but holds a significant stake as part of a joint ownership group.
Understanding UFL Ownership
The UFL's ownership structure is split between two primary entities. Dwayne Johnson, along with his business partner Dany Garcia and RedBird Capital Partners, collectively holds a 50% stake in the league. The remaining 50% ownership is held by Fox Corporation. This collaborative ownership model was established after the league had faced financial challenges, including filing for bankruptcy prior to its current structure.
This partnership brings together the entertainment prowess and global recognition of Dwayne Johnson and Dany Garcia, a seasoned business executive, with the financial and strategic investment capabilities of RedBird Capital Partners, and the extensive media reach of Fox.
The ownership breakdown can be summarized as follows:
Owner Group | Ownership Percentage | Key Entities/Individuals |
---|---|---|
Co-Owners | 50% | Dwayne "The Rock" Johnson, Dany Garcia, RedBird Capital Partners |
Strategic Partner | 50% | Fox Corporation |
This shared ownership ensures a robust foundation for the league, leveraging diverse strengths from sports, entertainment, and media industries.