BLEACHER REPORT: Vince McMahon Sells Around $23M in WWE Stock; Around 1% of Stake in Company

BY MIKE CHIARI – DECEMBER 4, 2018


Mr.McMahon_crop_northWWE 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 … Read the Full Story HERE

 

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