Vince McMahon reportedly sells 3.2 million shares of WWE stock

By Jason Powell, ProWrestling.net Editor (@prowrestlingnet)

WWE Chairman and CEO Vince McMahon sold 3.2 million shares of WWE stock on Wednesday, according to SeekingAlpha.com. The story states that McMahon sold the stock mainly to fund Alpha Entertainment, parent company of the XFL, and that he has no plans to sell additional shares.

Powell’s POV: Let the record show that on the same day that the AAF rival football league announced that it may not survive for a second season, Vince decided to invest even more money into his own football league. Vince better have one hell of a streaming or television deal in the works because it’s hard to see how the XFL wouldn’t meet a similar fate without a major revenue stream.

Check below for the new Pro Wrestling Boom Podcast with Jason Powell and guest PCO, who discusses the ROH and NJPW G1 Supercard event that will be held on April 6 at MSG, taking crazy bumps at age 51, what he still wants to accomplish in pro wrestling, and much more.



Be the first to comment

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.