WWE's big plans for 2019; Vince sells stock Submitted by Aaron Rift on 12/04/2018 at 02:11 AM
- Mike Johnson of PWInsiderElite.com commented on WWE's plans for 2019. Here is what Johnson said courtesy of RingsideNews.com:
“WWE is obviously trying to lock a lot of talent in for 2019 assuming the landscape is going to change and they want to protect themselves and protect their long-term future as much as possible. Which is if you’re WWE heading into the Fox deal heading into the new USA Network deal. Heading into what Vince McMahon has claimed will be sort of a re-imagining of the live even process, heading into creating more content than ever before for the WWE streaming network. You know you want to protect yourself as much as possible and I think that’s what they’re doing.”
- According to SEC filings, Vince McMahon sold $22,866,523.61 worth of WWE stock on November 30th. In total, McMahon unloaded 306,000 shares of stock and the speculation is that he is using the money towards the XFL relaunch.
Vince McMahon sold 306,000 shares of WWE (he converted Class B into Class A) on Friday and $74-$75 for total of about $22 million and change.
Filing also notes he still has 31,887,375 shares of WWE which would be worth almost $2.4 billion at current stock price. pic.twitter.com/cwj3kueJxC