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VINCE MCMAHON - FAQ
Does he really own the WWF?
Yes and no. Vince McMahon has control over everything from booking matches to business decisions. He owned the WWF ever since he bought it from his father in the early 80's but during his 1993 steroid trial, McMahon turned the company over to his wife Linda McMahon. Vince still held all power over the company but wasn't the actual owner. In 1999 when Vince McMahon issued an Initial Public Offering (IPO) for the WWF he gave up a percentage of the company to the public through stocks but he still owns around 70% of the WWF and still controls every part of it.
Did Vince McMahon get indicted?
Yes. On Friday, November 19, 1993, the Brooklyn, NY office of the U.S. Department of Justice indicted Vince McMahon and Titan Sports Inc. The charges against McMahon and his company were conspiracy, possession (steroids), and possession with intent to distribute. No actual wrestlers were indicted. On July 22, 1994 after deliberating for 16 hours the jury found Vince McMahon and Titan Sports not guilty of any charges. The audience in the courtroom were said to be cheering. In 1995 another investigation was held to see if the charges of witness tampering on McMahon's part were true. I'm not sure if anything came out of the investigation though.
Did he really get into a fight with Bret Hart?
Yes. After the Survivor Series 1997 screwjob Bret Hart headed back to his dressing room and Vince McMahon was waiting for him. Bret supposably told Vince to leave before Bret was done showering. When Bret returned Vince was still in his dressing room so Bret punched him in the face knocking Vince to the ground and breaking his own hand. After that the two were broken up or Vince was dragged away by Shane McMahon depending on who's side of the story you were. The fight is pretty much confirmed to be a real fight but some people still believe that it could be a work since both men would get something out of the incident.
What happened to Titan Sports?
In 1999, Vince McMahon issued an Initial Public Offering (IPO) for the WWF, putting it on the open market. During that time the company was officially renamed to WWF Entertainment or WWFE for short. Vince McMahon felt the name change was needed since Titan Sports was outdated and WWFE was a name people could easily associate with the WWF. The structure of the remained the same after the switch but Vince's children Shane and Stephanie McMahon were given promotions to higher positions in the company than they had before.
Is Vince a billionaire?
No. At one time when the WWFE stock was over 19 points he was a billionaire but the stock has been lower than that for a long while now so he hasn't been one since.
Ever since WWE's purchase of WCW and monopolization of the wrestling industry, the wrestling industry has been crippled. The monopoly is destroying the business, and my question is do you think this could be planned by Vince himself. I mean let's face it...he basically built wrestling to be what it is today, could this be his way of making sure it ends with him as well? Could this whole "dry spell" be a last ditch effort by an egomaniac Vince McMahon to make certain that wrestling basically began and ended with him?
I don't really think so. Any company competing against another has one goal in mind and that's to eliminate the opposition and win the war. Vince McMahon did exactly that. Many people do believe that the reason Vince sent Hall and Nash to WCW was to put it out of business, but I don't necessarily believe that myself. The monopoly is destroying the business, without a doubt. Near the end, when the WWF started winning the ratings again, we all knew there was no way WCW was going to beat the WWF in the ratings once again. Vince was afraid in 1996/1997, but after that, he had nothing to worry about. I personally believe that the main reason Vince purchased WCW was for its video library, now obviously there are other reasons, but in my opinion that's one of the main ones.
Where is Vince McMahon's brother Rod, and what is he doing with his life?
Not quite sure. Last I heard (few years ago) he was in the steel business in Texas.
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