WWE chairman Vince McMahon sold 3.34 million shares of company stock on Thursday in an apparent fundraising effort to revive the XFL. Or as the publicly traded company’s Securities and Exchange Commission (SEC) filing states, “to explore investment opportunities across the sports and entertainment landscapes, including professional football.”
As a result of the sell-off, Alpha Entertainment LLC suddenly finds itself flush with cash. And that company has been busy filing XFL patents this month — attorneys there even did some back in 2016.
Remember the XFL? That was the WWE-fied NFL alternative that folded after just one season and lost tons of money for both Vince’s WWE and partner NBC. So… let’s do that again?
McMahon’s 3+ million sold shares represent about 4.3 percent of WWE’s outstanding Class A and Class B shares. Considering WWE shares closed around $32 apiece on Thursday, that means McMahon unloaded more than $100 million in stock.
The father of Shane McMahon and Stephanie McMahon (and father-in-law to wrestler Triple H) still owns 32,193,375 shares of WWE Class B common stock. That’s about 82.8 percent of the pro-wrestling promotion corporation’s voting power and roughly 41.8 percent of the company’s outstanding shares of common stock.
After news of McMahon’s sale reached Wall Street, others began unloading, too. WWE shares were actually trading down more than 9 percent at one point this morning.
And here is the full legalese from Thursday’s SEC filing:
On December 21, 2017, Vincent K. McMahon (“Mr. McMahon”), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the “Company”), sold 3,340,000 shares of the Company’s Class A common stock in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended. Mr. McMahon executed the sale 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. Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future.
The shares sold by Mr. McMahon represent approximately 4.3% of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company’s Class B common stock, which represents approximately 82.8% of the Company’s total voting power and approximately 41.8% of the Company’s total outstanding shares of common stock.
Every WWE Champion Ever, Ranked by Number of Reigns (Photos)
Pro-wrestling championship belts change hands like grapplers change ring gear these days, though it wasn't always that way. Big E is the current WWE Champion after cashing in his "Money in the Bank" contract on "Raw," ripping the belt off Bobby Lashley's impossibly small waist (given the size of the rest of his upper body).
This is Big E's first-ever stint as WWE Champion, those he's had plenty of other titles in WWE -- mostly as part of tag-team faction The New Day.
Scroll through our gallery to see every WWE Champion ever, ranked by their number(s) of title wins. Remember: this is a list of those who won the WWWF Championship, the WWF Championship or the WWE Championship. So don't come after us, Universal Champions, et al.
WWE
Rank: 31 (tie) Wrestler: Kofi Kingston # of Reigns: 1
The power of positivity.
Rank: 31 (tie) Wrestler: Jeff Hardy # of Reigns: 1
The un-"Broken" half of the Hardy Boyz has had the more storied singles career.
Rank: 31 (tie) Wrestler: Bray Wyatt # of Reigns: 1
The Fiend used to go by "Husky Harris" -- we'd say this run is working out better for him.
Rank: 31 (tie) Wrestler: Sgt. Slaughter # of Reigns: 1
Camel Clutch, Cobra Clutch -- whatever "C"-animal it was, it hurt.
Rank: 31 (tie) Wrestler: Dean Ambrose # of Reigns: 1
And "The Lunatic Fringe" pulled this off while wearing jeans.
Rank: 31 (tie) Wrestler: Chris Jericho # of Reigns: 1
You're a "stupid idiot" if you didn't know this guy made "The List."
Rank: 31 (tie) Wrestler: Eddie Guerrero # of Reigns: 1
Generally considered one of the best ever to have done it held the big-boy belt for 133 days.
Rank: 31 (tie) Wrestler: Jinder Mahal # of Reigns: 1
The "Modern-Day Maharaja" dropped the title to A.J. Styles.
Rank: 31 (tie) Wrestler: John "Bradshaw" Layfield # of Reigns: 1
JBL has taken his heel persona from the ring to the announce table. Never without a cowboy hat, Layfield thankfully leaves his lariat clothesline at home.
Rank: 31 (tie) Wrestler: The Ultimate Warrior # of Reigns: 1
The muscle-bound maniac who handed Hulk Hogan his first-ever "WrestleMania" loss died after suffering a heart attack three days after being inducted into the WWE Hall of Fame.
Rank: 31 (tie) Wrestler: "Superstar" Billy Graham # of Reigns: 1
"Superstar" Billy Graham was a bodybuilder and buddy of Arnold Schwarzenegger. Yeah, blame Graham's body for Jinder Mahal's run.
Rank: 31 (tie) Wrestler: Kevin Nash # of Reigns: 1
You mean Tarzan from "Magic Mike"?!?!? Yes, yes we do.
Rank: 31 (tie) Wrestler: Pedro Morales # of Reigns: 1
History lesson: Back in the WWWF days, Morales became the first guy in wrestling history to win all three of the major men's titles -- the WWF Championship, the Intercontinental Championship and the WWF Tag Team Championship -- in the company.
Rank: 31 (tie) Wrestler: André the Giant # of Reigns: 1
The tales about André the Giant sometimes feel as tall as he was.
Rank: 31 (tie) Wrestler: The Iron Sheik # of Reigns: 1
This guy is as big a hit on Twitter as he was in the ring.
Rank: 31 (tie) Wrestler: Kane # of Reigns: 1
You wouldn't know it by looking at him, but Kane, now mayor of Knox County in Tennessee, is one of the smartest Superstars in WWE history.
Rank: 31 (tie) Wrestler: Rey Mysterio # of Reigns: 1
We're not going to talk about how ridiculous the setup to his finishing move, "The 6-1-9," became. This is a happy list.
Rank: 31 (tie) Wrestler: Stan Stasiak # of Reigns: 1
Unfortunately Stasiak only held the belt for nine days.
Rank: 31 (tie) Wrestler: Rob Van Dam # of Reigns: 1
One of the most popular ECW wrestlers of all-time, RVD has brought his three initials to seemingly every pro-wrestling promotion with three initials.
Rank: 31 (tie) Wrestler: Ivan Koloff # of Reigns: 1
The "Russian Bear" was actually Canadian.
Rank: 31 (tie) Wrestler: Buddy Rogers # of Reigns: 1
Rogers was kinda-sorta the first champion in the company. It's complicated -- ask Killer Kowalski and Bruno Sammartino.
Rank: 31 (tie) Wrestler: Vince McMahon # of Reigns: 1
Hell, Mr. McMahon runs the damn company -- of course he made this list.
Rank: 31 (tie) Wrestler: Bobby Lashley # of Reigns: 1
Lashley just looks like the guy who should be champion.
Rank: 31 (tie) Wrestler: Big E # of Reigns: 1
Big E has had a big career -- both as a singles performer and a member of The New Day.
Rank: 16 (tie) Wrestler: The Miz # of Reigns: 2
The kid from "The Real World" made good on his over-the-top MTV promos. One of the best on the mic, Miz has been holding down the Intercontinental Championship more than any other Superstar of the past few years.
Rank: 16 (tie) Wrestler: Drew McIntyre # of Reigns: 2
Scottish Psychopath joined the WWE Champions' and two-timers club all in 2020.
Rank: 16 (tie) Wrestler: Batista # of Reigns: 2
Guardian of the Galaxy, defender of WWE Championship.
Rank: 16 (tie) Wrestler: The Big Show # of Reigns: 2
You can't miss this two-time champ -- not even in a mega-arena.
Rank: 16 (tie) Wrestler: A.J. Styles # of Reigns: 2
"The Phenomenal One" held the belt for 371-straight days, which is a record for a "SmackDown" wrestler.
Rank: 16 (tie) Wrestler: Alberto Del Rio # of Reigns: 2
Si! Si! Si! Si! Si! Si! Si!
Rank: 16 (tie) Wrestler: Sycho Sid # of Reigns: 2
It was a long way down from Shawn Michaels' former bodyguard's power-bomb.
If you haven't watched ESPN's "30 for 30: Nature Boy," do that. Oh, and look up Flair's ridiculous NWA runs too.
Rank: 16 (tie) Wrestler: Sheamus # of Reigns: 2
Master of the Brogue Kick, Rocksteady in the "Ninja Turtles" movies -- which is the greater accomplishment?
Rank: 16 (tie) Wrestler: Seth Rollins # of Reigns: 2
He's BURN(ed) IT DOWN more than once.
Rank: 16 (tie) Wrestler: Yokozuna # of Reigns: 2
That belt needed a few extenders to fit around the sumo.
Rank: 16 (tie) Wrestler: CM Punk # of Reigns: 2
Let's just say he was a little less successful in the UFC -- but maybe an AEW run?
Rank: 16 (tie) Wrestler: Randy "Macho Man" Savage # of Reigns: 2
Before he snapped into Slim Jims, the "Macho Man" was snapping dudes in half.
Rank: 16 (tie) Wrestler: Bob Backlund # of Reigns: 2
Backlund couldn't "Make Darren Young Great Again" -- or even keep the guy employed -- but the master of the cross-face chicken wing had a pretty incredible career of his own.
Rank: 16 (tie) Wrestler: Bruno Sammartino # of Reigns: 2
Google him, kids.
Rank: 13 (tie) Wrestler: Mankind # of Reigns: 3
Mick Foley nearly killed himself to raise these titles.
Rank: 13 (tie) Wrestler: Roman Reigns # of Reigns: 3
The Head of the Table may make the top of this list when all is said and done.
Rank: 13 (tie) Wrestler: Shawn Michaels # of Reigns: 3
Before he found God, the "Heartbreak Kid" found jaws with his foot, popularizing the Superkick.
Rank: 9 (tie) Wrestler: Daniel Bryan # of Reigns: 4
Fellow fan-favorite Superstar is now in AEW with CM Punk.
Rank: 9 (tie) Wrestler: Edge # of Reigns: 4
On this day, you can see clearly... that Edge is one of the best to ever lace up.
Rank: 9 (tie) Wrestler: The Undertaker # of Reigns: 4
The Dead Man is truly a living legend.
Rank: 9 (tie) Wrestler: Kurt Angle # of Reigns: 4
Top 10, it's true -- it's damn true.
Rank: 7 (tie) Wrestler: Brock Lesnar # of Reigns: 5
The best there is, the best there was, and the best there ever will be.
Rank: 5 (tie) Wrestler: Hulk Hogan # of Reigns: 6
Hulkamania was real. Then again, so was Gawker at one point.
Rank: 5 (tie) Wrestler: "Stone Cold" Steve Austin # of Reigns: 6
On the Mt. Rushmore of all-time greats, and that's the bottom line.
Rank: 3 (tie) Wrestler: The Rock # of Reigns: 8
He may be Dwayne Johnson now, but he'll always be "The Rock" to us.
Rank: 3 (tie) Wrestler: Triple H # of Reigns: 8
Boss of The Authority and former DX member has two words for the other guys on this list. We can't reprint them.
Rank: 2 Wrestler: Randy Orton # of Reigns: 10
The Viper has RKO'd a lot of dudes outta nowhere.
Rank: 1 Wrestler: John Cena # of Reigns: 13
U Can't See Him.
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From Buddy Rogers to Big E, here are all the guys from the old WWWF and WWF days — and beyond
Pro-wrestling championship belts change hands like grapplers change ring gear these days, though it wasn't always that way. Big E is the current WWE Champion after cashing in his "Money in the Bank" contract on "Raw," ripping the belt off Bobby Lashley's impossibly small waist (given the size of the rest of his upper body).
This is Big E's first-ever stint as WWE Champion, those he's had plenty of other titles in WWE -- mostly as part of tag-team faction The New Day.
Scroll through our gallery to see every WWE Champion ever, ranked by their number(s) of title wins. Remember: this is a list of those who won the WWWF Championship, the WWF Championship or the WWE Championship. So don't come after us, Universal Champions, et al.
