It has been revealed in a recent WWE SEC filing that WWE CEO and Chairman Vince McMahon sold over 3,204,427 of his shares in the company. Brandon Howard Thurston is reporting that Vince’s sale will pocket him around $270 million.
Vince McMahon today sold over 3 million shares of his WWE stock, a value of roughly $270 million. The sale was primarily to fund Alpha Entertainment/XFL. After the sale, Vince still has 36.8% of company stock and 80.1% of voting power.
8K: https://t.co/eE77tLRcxY pic.twitter.com/F3HUcNU6ag— Brandon Thurston (@BrandonThurston) March 27, 2019
Whilst over 3million shares might seem like a lot, it only equates to 4.1% of WWE stock. Vince Mcahon still owns just over 28.5million shares, representing 36.8% of the company. Thurston is also noting that Vince McMahon still has 80.1% of the total voting power.
The filing notes that Vince’s sale is being used to fund Alpha Entertainment LLC, which is affiliated with the XFL Football League that is set to re-launch in 2020. It should also be noted that Vince intends to continue in his current role as WWE Chairman and CEO, and will not be selling any more of his company shares.
Sorry to those fans that thought Vince’s days in charge of the company were numbered. He’ll be here forever…
5 years ago by Wrestle Talk
Trending
- WWE Legend Signs New Contract
- Tony Khan Attacked By AEW Stars
- AEW Tag Team Split Confirmed
- Top WWE Star Reverting To Old Entrance Theme?
- WWE Legend ‘In Talks Again’ With Company Following Vince McMahon’s Departure
- Tony Khan Backstage Update Following Jack Perry & Young Bucks AEW Attack
- Will Ospreay Championship Match Confirmed For AEW Double Or Nothing
- Jack Perry & Young Bucks Break Silence After Attacking Tony Khan
- NFL Reacts To Jack Perry & Young Bucks AEW Dynamite Attack On Tony Khan
- Kenny Omega Breaks Silence On AEW Return
mailing list