Vinny Mac gets serious with it.

[Deezy]

Vince McMahon sells $100M worth of WWE shares to help fund sports-focused company


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.

 

[Cwalker]

We sure Vince hasn't lost it?

 

[Deezy]

Maybe he just wants to right a wrong. ...and he doesn't want to leave a will.

Make your own money ya little shits. :

 

[Deezy]

 

[Chris]

Bro with Trump having a war against the NFL I'm gonna die if he tries to plug this shit or something

 

[Crippler]

This tripsgods in

 

[LittleVanVader]

If he tries to make it an actual football league and not a sports entertainment football league, like he did before, he might have a chance of having it moderately successful. But XFL was too much like a division of WWE and I can see why it lost popularity so quickly. If he wants it to work, he needs to just make it a football league and not try to emulate WWE.

 

[Deezy]

There was alot of interest initially for the XFL, it's just the football sucked and the NBC team didn't respect the guys Vince brought in to oversee production.

 

[LittleVanVader]

Oh yeah it debuted with high ratings, but he relied too much on wrestling people and sports entertainment mainstays.. like using wrestling commentators to call the games. So yeah, if gradually fell. Maybe he'll do it right now, who can tell.