Vince McMahon is at it again he recently sold off 3,204,427 shares of WWE stock in order to further fund the XFL. It looks like the previous amount of $100,000,000 put toward everything wasn’t enough.
This extra $271,959,710 will go straight to the XFL as McMahon made it clear that WWE and XFL are separate entities. In fact, any work that WWE does for the XFL will be billed and paid for by McMahon’s football branch.
This latest stock sale means Vince McMahon now owns 36.8% of WWE which is down from the 40.9% that he previously owned.
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