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 Vince to sell 100 million dollar shares of WWE to fund the XFL

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Gobba-Gulak
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PostSubject: Vince to sell 100 million dollar shares of WWE to fund the XFL   Thu Dec 21, 2017 8:22 pm

Vince McMahon's plan to perhaps try his hand again at a professional football league came more into focus Thursday.

McMahon is chairman and CEO of World Wrestling Entertainment, which filed details with the U.S. Securities and Exchange Commission about McMahon's sale of 3.34 million shares of WWE, equaling about $100 million.


He did so, the filing noted, "primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including professional football."


The filing comes after WWE confirmed earlier in the week that Alpha Entertainment, which was founded in September, was in fact an entity of McMahon's.

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

The filings seek to trademark the XFL as a professional football league and also cover merchandise related to the league. Previous XFL trademarks were abandoned over a period of time from 2002 to '05.

The company also sought to trademark "URFL."

The original XFL, a joint venture between WWE and NBC, debuted in 2001 and only lasted one season.

WWE and NBC lost approximately $35 million each, after taxes, on the league.

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PostSubject: Re: Vince to sell 100 million dollar shares of WWE to fund the XFL   Fri Dec 22, 2017 2:07 am

So he's really doing this? clown

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PostSubject: Re: Vince to sell 100 million dollar shares of WWE to fund the XFL   Sat Dec 23, 2017 5:07 am

Interesting little thing I read in The Observer. Vince would have to buy The XFL name from WWE. And that would create conflicts of interest. But honestly XFL has a bad name so if I was a shareholder it wouldn't bug me.

He might not even use that name. Just like Bull said he's trying to trademark other names.

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Vince to sell 100 million dollar shares of WWE to fund the XFL

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