Vince McMahon Reportedly Sells $100M Of WWE Shares To Fund XFL

Vince Mc Mahon and Donald Trump in 2009

WWE don Vince McMahon has flogged £75million's worth of stock in the wrestling company to help relaunch the XFL - a violent spin-off of American football - according to reports.

What does this mean for the WWE?

While this isn't news that will directly affect what happens inside the ring in the WWE, it does affect the future of the company since Mr. McMahon, one of the most respected figures in the WWE today, is selling his stocks, so it could have an effect on WWE's stock value.

Vince Mc Mahon speaks to the media to announce the creation of the XFL in 2000
Vince McMahon Reportedly Sells $100M Of WWE Shares To Fund XFL

WWE stock was at a high of $32.27 Dollars earlier this morning, but fell to $31.87 by the end of the business day.

Alpha filed for five trademarks to the XFL on December 16, according to records with the U.S. Trademark and Patent Office.

The trademarks, which were "abandoned" between 2002 and 2005, also cover merchandise related to a potential league.

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Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc.

Never liking to be too far behind the curtains, McMahon regularly got himself involved in storylines for the show, and was never shy to hop into the ring when necessary. So, the reality is really beginning to set in that the XFL could be making its return sooner rather than later.

However, as you can still see in the statement above, Vince McMahon still has 82.8% of the company's total voting power, meaning he still has a big say in the running of the WWE.

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That's the speculation, at least, and McMahon has gone a long way toward throwing fuel on that speculative fire with a recent move he made to sell 3.34 millions shares of his stock in WWE, which equals about $100 million, per ESPN. The money is being funneled to Alpha Entertainment LLC, a company McMahon has established to explore additional investment opportunities in sports and entertainment.

McMahon's sale represents ~4.3% of the company's total outstanding Class A and Class B common stock.

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