Today, Vince McMahon sold over 3 million shares of his WWE stock, a value of roughly $270 million. The sale was completed primarily to fund Alpha Entertainment/XFL. Vince still owns 36.8% of company stock and has 80.1% of voting power. Interesting to note that this is on the heels of the news that the AAF may fold.
Vince McMahon has no plans to sell additional shares of WWE stock, and intends to continue in his role as the company’s CEO for the foreseeable future. McMahon sold $100 Million worth of WWE stock in December 2017 when he initially had plans to launch XFL.