Creditors kick out of the XFL sale.

Rocky..., Rocky...,Rocky... is the chant going around the sports world. No, "The Rock" isn't the undisputed heavyweight champion of the world again. This time Dwayne Johnson turned that bankruptcy hearing sideways, polished it real nice and told the courts were to stick it.

Johnson Tweeted this on August 3rd, "With my trail blazing partner @DanyGarciaCo & Red Bird Capital, we have acquired the XFL. With gratitude & passion I’ve built a career with my own two hands and will apply these callouses to our @xfl2020 brand. Excited to create something special for the fans! #XFL #fullcircle"

Full circle is a throwback to Johnson's football days before he became a pro westler, or maybe it's in reference to The Rock returning to save Vince's rear financially, since again.

After buying the XFL for the chump change of $15 Million dollars, Johnson released this statement. "The acquisition of the XFL with my talented partners, Dany Garcia and Gerry Cardinale, is an investment for me that's rooted deeply in two things—my passion for the game and my desire to always take care of the fans. With pride and gratitude for all that I've built with my own two hands, I plan to apply these callouses to the XFL, and look forward to creating something special for the players, fans, and everyone involved for the love of football."

The XFL had a cult following before covid put an end to the season and prevented the Houston Roughnecks from claiming their title as the best there is in the league.

Danny Garcia, also weighted in. Saying, "For Dwayne, Gerry and myself, this property represents an incredible opportunity. It is the confluence of great passion, tradition and possibility. Sports and entertainment are the foundations of the businesses I have built. Melding our expertise combined with our commitment  to deliver exciting and inspiring unique content, has us all focused on developing the XFL brand into a multi-media experience that our athletes, partners and fans will proudly embrace and love."

It wouldn't be The Brahma Bull without some sort of storyline, some kinda drama. Marc Middleton updated us on the plot over at wrestling inc.

Marc wrote, "In an update, the Official Committee of Unsecured Creditors for Alpha Entertainment, the XFL's parent company started by McMahon, has filed a motion to stop the sale of the XFL's assets to Alpha Acquico LLC, which is the new LLC started by Rock and his partners for the purchase of the league."

Apparently the creditors have ties to Johnson and his partners and thus have asked the courts to put a stoppage on the sale and allow them to negotiate the rate of the sale price.

Here is what's in the motion, "has an ongoing obligation to negotiate terms with the Proposed Buyer that are most favorable to the estate and do not unduly prejudice its creditors. The proposed APA, however, does not reflect such terms and seeks to strip the estate of valuable assets for no consideration. As such, the Committee has significant concerns that the Sale contemplated with the Proposed Buyer does not satisfy the sound business purpose test, and is not in the best interests of the Debtor's estate."

The sale "failed to value significant assets that are now being included in the Sale, but were not contemplated as part of the assets to be purchased in the form asset purchase agreement prepared."

Just when we thought The Rock has made the save, there's always interference. Might as well be playing Vince McMahon's "No Chance in Hell" theme. As the motion didn't stop there.

"This Objection is filed to preserve the Committee's right to submit these issues to the Court, including objections for the form of Sale Order, for adjudication if they cannot be resolved prior to the Sale Hearing. In the interim, the Committee will continue to engage in good faith negotiations with the Debtor [the XFL] and Proposed Buyer [Rock's LLC] regarding the objections raised herein in an effort to resolve the issues consensually."

This objection appears to be making sure everyone who originally put money into the league gets paid. The Rock may have to dish out some more cash before he can lay "the rock bottom" on this sale, and finish it 1... 2... 3...