Vince McMahon sells over two million shares of WWE stock

Vince McMahon sold 2,191,894 shares of WWE stock on Monday for approximately $30,300,659 according to a report by The Wrestling Observer/Figure Four Online.

McMahon reportedly sold the shares in preparation for “estate planning purposes.” He is now left with 37,080,747 shares that represents 48.8% of the WWE.

McMahon has owned closer to 63% of company stock before sales over the last few years. He did state publicly that he has no plans to sell any further stock and intends to continue his role as Chairman and CEO.

12 COMMENTS

  1. Vince doesn’t need to buy TNA. He has their top (well most of) guys anyway. The only ones worth bringing over that are still in TNA and haven’t been in WWE before would be James Storm, maybe Abyss and maybe a few of the Knockouts. The ones that have been in WWE before either left on their own terms or WWE didn’t use them properly, so no point bringing the likes of Lashley, Drew Galloway, or Mr Anderson (even though he left TNA) back.

    The few Knockout that i could see use in WWE would be Madison Rayne and Angelina Love…. Gail Kim has had two shots in WWE and WWE didn’t use her properly, so no point her coming back.

    As for anyone else I didn’t mention, they clearly aren’t well known enough to make a “major debut”…

    WWE already has Styles, Joe, Aries, EY and most likely Roode soon…. They don’t need any of TNA’s no namers….

    Was checking their roster whilst typing this post, and it’s really pointless if Vince bought TNA. Male wrestler wise, there’s literally less than a Royal Rumble employeed by TNA. I counted 28 that are still employed and about 10 Knockouts. That’s a lot more than i actually thought… Out of those 28, 2 would be worth it.. and 2-3 Knockouts…… that’s 5 from a massive 38…. not worth it.

  2. It’s not just about the current talent. In fact it has nothing to do with the current talent at all. It’s about owning the name, the licensing, the past video footage that can be made into DVD’s or added to the WWE Network, and everything else that can be marketed. While your analysis on the talent was spot on, it has no bearing on why Vince would buy TNA.

  3. quite a reply for a joke I made.

    Anyway, WWE in the past has bought the trademarks and video library not the companies debt, contracts, time slots etc.

  4. If he has sold 2,191,894 shares approximately $30,300,659, that means each share is about $13.824. If he is now left with 37,080,747 shares, that means his share is worth £512,604,246.53! Now, if this represents 48.8% of the company then that means the company is currently worth $1,050,418,537.97!!!!!! Jesus that’s a lot!!

  5. For An Average Man , that a lot
    but compare to for example manchester united is still small …..

  6. NAH VINCE WILL NOT BUY TNA…. LOOK WHAT TNA CAN OFFER TO VINCE ????
    THEY DON’T HAVE OWN MADE FAMOUS TALENT , THEIR FIRST MR. TNA ALREADY MOVE TO WWE…….
    THEY ALSO DON’T HAVE A LOT OF MEMORABLE MATCH AND PEOPLE CAN GET IT FREE NOW FOR EXAMPLE I CAN STILL WATCH JOE VS CHRISTOPER DANIEL VS AJ STYLES MATCH IN 2005 FREE IN YOUTUBE (THAT IN MY OPINION IS THE BEST TNA MATCH)
    AND TNA AS COMPANY IS NOT SELLING TO WRESTLING FANS !!!!

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