Vince McMahon

ESPN.com is reporting that Vince McMahon has sold $100 million worth of WWE shares, primarily to help fund his new separate entity Alpha Entertainment, LLC.

The official filing noted that McMahon’s new investment entity, separate from WWE, was “established to explore investment opportunities across the sports and entertainment landscapes, including professional football.”

According to reports with the U.S. Trademark and Patent Office, Alpha recently filed for five new trademarks related to the former XFL on December 16. Previous XFL trademarks were abandoned from 2002-2005. The trademark “URFL” was also sought after.

WWE issued the following statement on the move, courtesy of PWInsider.com.

“Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future.

The shares sold by Mr. McMahon represent approximately 4.3% of the Company’s total outstanding shares of Class A and Class B common stock.  After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company’s Class B common stock, which represents approximately 82.8% of the Company’s total voting power and approximately 41.8% of the Company’s total outstanding shares of common stock.”

12 COMMENTS

  1. This reminds me of the storyline a few years ago where Vince got relieved of his duties of running Raw because he kept doing crazy shit!

  2. I must have missed the memo, but since when quotes should be written IN F*CKING ANNOYING CAPS.

    It is not clear, it is not easier to read and it MUST STOP (oh yeah, and it represents shouting).

    Stop it, really!

  3. I thought it was a bad idea in the first place. Since 2001, the outlook has changed; we have Netflix, Hulu, Amazon TV etc. It really doesn’t need to be on one of those major tv networks. Besides, the NFL is getting much softer and political these days. Yes, the safety factor is a concern I get that. I don’t know, it might be a waste of money.

  4. brilliant, vince… if the xfl failed miserably the 1st time, i’m sure it’ll be an enormous success the 2nd time. jesus fucking christ, put the guy in a home already.

  5. The NFL could buy the WWE as a whole, twice a week, for a year and still have money left over to give EVERY executive a $10 million bonus. Vince doesn’t have a chance in hell(No pun intended) of competing with that.

    Far right wing extremists like Trump are in the minority, the vast majority of football fans still tune in and spend money on the NFL and it’s teams, and won’t do that for some knock-off league by a wrestling promoter. I thought Vince had learned his lesson before.

  6. Because he can’t afford one. The Carolina Panthers will sell(Just a majority share) for between $2-$4 BILLION dollars. The entire WWE isn’t even worth that much.

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