Vince McMahon Sells Around $23M in WWE Stock

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Andibald
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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.

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XFL_FAN
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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!
Not sure who I'm rooting for in the XFL but I'm really leaning towards the NY team 8-)

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MikeMitchell
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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.

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