Vince McMahon Sells Around $23M in WWE Stock

XFL Football discussion.
Post Reply
User avatar
Andibald
Quarterback
Posts: 204
Joined: Fri Feb 02, 2018 1:38 pm

Vince McMahon Sells Around $23M in WWE Stock

Post by Andibald » Tue Dec 04, 2018 3:30 pm

https://bleacherreport.com/articles/280 ... w014YtTvK0
WWE reported to the United States Securities and Exchange Commission on Monday that Chairman Vince McMahon sold 306,000 of his shares in the company.

According to Sean Rueter of Cageside Seats, McMahon netted nearly $23 million in the sale.

That is merely a drop in the bucket for McMahon, though, as he still owns 32 million shares worth an approximate $2.3 billion.

In total, McMahon sold off only about one percent of his stake in WWE.

The decision to sell some shares may be in relation to the upcoming launch of the XFL in 2020.

User avatar
XFL_FAN
Quarterback
Posts: 435
Joined: Mon Jan 29, 2018 2:43 pm

Re: Vince McMahon Sells Around $23M in WWE Stock

Post by XFL_FAN » Tue Dec 04, 2018 4:27 pm

So we are around 523 million now? Setting up the XFL for success!
The Name Prediction Signatures Are Here!:
New York Knights
Washington Guardians-Pep Hamilton
Tampa Bay Sharks
St. Louis Clydesdales-Jim Haslett

Seattle Orcas-Jim Zorn
LA Sabercats
Houston Generals
Dallas Stampede-Bob Stoops

User avatar
MikeMitchell
Quarterback
Posts: 345
Joined: Thu Nov 22, 2018 5:28 pm

Re: Vince McMahon Sells Around $23M in WWE Stock

Post by MikeMitchell » Tue Dec 04, 2018 4:54 pm

There’s some big expenses with the league.

Everybody knows about the pay scale. 250 to 300 k a season for top tier players. 150 to 175k for the second tier. That’s not counting win bonuses etc

The expenses come in paying for the stadium rent/leases and league wide insurance. There’s a lot of expenses when it comes to running and starting up an entire league with just 1 person’s finances.

Post Reply