WWE boss Vince McMahon sells £75million shares to fund XFL relaunch

WWE boss Vince McMahon sells £75million shares to fund XFL relaunch

While it certainly looks like the XFL will be getting a second shot, Vince could be doing this exclusively for merchandise rights.

WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES at the Encore Theater at Wynn Las Vegas on January 8, 2014 in Las Vegas, Nevada.

The response from WWE is that Vince McMahon has started a company separate from WWE, called Alpha Entertainment, and is geared to "explore investment opportunities across the sports and entertainment landscapes, including professional football".

The report also revealed that five trademarks were filed to "XFL" regarding the rights for distribution of professional football content, downloadable software, toys and sporting goods, apparel, and hundreds of other details.

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"On December 21, 2017, Vincent K. McMahon ("Mr. McMahon"), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc".

McMahon has sold his 3.34 million shares of the WWE, working out at roughly $100 million in shares, primarily that he can fund his new American football venture.

At the time, McMahon claimed it would be the "xtra fun league" to the NFL's "no fun league", using wrestling commentators such as Jim Ross and Jerry "The King" Lawler as the lead voices of the XFL. WWE did not deny the possible return of the XFL.

The report also said that McMahon only sold 4.3 percent of the company's total outstanding shares and showed that McMahon now holds 82.8 percent of the company's voting power after the sale. This is in addition to McMahon recently filing additional football trademarks, which included "URFL", "United Football League", "UFL", and "For the love of football".

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