Vince McMahon Sells Around $23M in WWE Stock
Posted: 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.