Vince McMahon sells $272 million in WWE stock to fund the XFL

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With the Alliance of American Football barely clinging to life, America’s other spring football league has plenty of cash on hand.

Vince McMahon, who plans to give the XFL another shot next year, has sold $272 million worth of WWE stock, and company filings say that money will primarily go toward the XFL.

“Mr. McMahon executed the sale primarily to fund a separate entity from the Company . . . which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including launching a professional football league under the name ‘XFL’,” the company said in its SEC filing.

McMahon still controls the WWE, but he has made it clear that he’s serious about pouring his own money into the XFL. McMahon has said he’s ready to spend $500 million over the first three years of the XFL to get the league off the ground, suggesting that even if the league struggles to gain traction at first, he’ll stick with it rather than pulling the plug after one season, which he did last time he launched the XFL — and which the AAF is doing today.

32 responses to “Vince McMahon sells $272 million in WWE stock to fund the XFL

  1. A man can do whatever he chooses with his money but I think football fans have just spoke loud and clearly that we don’t have anymore need for a another league. The AAF was full of empty stadiums and not worth watching

  2. Bring back “He Hate Me”!!!

    Reporter: Who hates you.
    Player: “Basically, my opponent is going to hate me. After I win, he’s gonna hate me. It is what it is.”

    Most famous XFL player and best selling jersey from that league!!!

  3. AAF and “financial backers,” take note.

    Say what you want to about Vince McMahon the promoter — and the Good Lord knows I have — but he’s a real businessman who knows what he’s doing. I don’t know how well the product will go over, but it won’t be for lack of funding. I’d lay odds on that.

  4. Shouldn’t that read “Vince McMahon flushes $272 million in WWE stock down the toilet?”

  5. WWE / McMahon fans need to watch this past week’s version of John Oliver’s Last Week Tonight on HBO or youtube. I hope the players unionize quickly or they will end up like the beat up WWE stars…

  6. Seems like all the complaining about the rule changes, reduction of hits, kneeling during the anthem etc. doesn’t correlate to an opportunity for a new league full of players that could not make the NFL.

  7. natureboy123 says:
    April 2, 2019 at 1:18 pm
    AAF and “financial backers,” take note.

    Say what you want to about Vince McMahon the promoter — and the Good Lord knows I have — but he’s a real businessman who knows what he’s doing. I don’t know how well the product will go over, but it won’t be for lack of funding. I’d lay odds on that.

    ————–

    Lack of customers is what I would be more worried about.

  8. I dont plan to watch XFL. By the time NFL season is over I am ready for the offseason, NCAA, Golf, and Baseball. The NFL schedule works great for me and I dont need anything more than the NFL with the draft and offseason events. My personal opinion.

  9. WWE and Vince just sold their B show in Smackdown to a contract w Fox starting in like August this year for 2 Billion dollars so I think he’s ok money wise for life and just knowing he’s invested enough not to just finish one season but be committed long term is all u can ask for.

  10. The NFL has a monopoly on the game. Since all the major networks have deals with the NFL, and fight for the right to broadcast games, they understand that anything that could negatively impact the NFL, ultimately impacts them in a negative way as well. So neither truly invite the competition.
    In the past, a league may have been able to build itself first through attendance to games. However, in the modern era, TV rules- and without a fair broadcast deal, all new leagues will meet a premature end, even if the product has tremendous value.
    For the XFL, Vince has enough money and connections, that he may be able to keep the XFL afloat longer than the other startup leagues. He maybe able to leverage his contacts with networks, and experiences building his own network to give the XFL a real shot.
    If the XFL had an APP on AppleTV, FireStick, Chromecast- That would make the product accessible in most homes, and give a big middle finger to the major networks giving the cold shoulder to them while protecting their golden goose.

  11. natureboy123 says:
    April 2, 2019 at 1:18 pm
    AAF and “financial backers,” take note.

    Say what you want to about Vince McMahon the promoter — and the Good Lord knows I have — but he’s a real businessman who knows what he’s doing. I don’t know how well the product will go over, but it won’t be for lack of funding. I’d lay odds on that.

    ——————————

    It will be a poor product that does him like it did last time. The country just doesn’t have market for 2nd rate football. If you don’t have players that we care about or players that might join a team we care about no one will watch. There are people far richer and more business savvy than McMahon who know better. McMahon’s ego is what is making him make the mistake twice.

  12. bullcharger says:
    April 2, 2019 at 1:41 pm
    natureboy123 says:
    April 2, 2019 at 1:18 pm
    AAF and “financial backers,” take note.

    Say what you want to about Vince McMahon the promoter — and the Good Lord knows I have — but he’s a real businessman who knows what he’s doing. I don’t know how well the product will go over, but it won’t be for lack of funding. I’d lay odds on that.

    ————–

    Lack of customers is what I would be more worried about.
    +++

    You might be right; that’s why I said I don’t know how well the product will go over. Obviously, it failed the first time. Vince McMahon hasn’t failed a lot in business. If he can put a good, or great, product out there, I would not bet against him whatsoever on the business side.

  13. Leagues like AAF and XFL may get decent ratings Initially but it’s never sustainable. They always tank.

  14. I hope the roid-head loses his shirt and goes bankrupt. Watch the John Oliver take-down of how the WWE absolutely exploits their ‘independent contractors’, the wrestlers, while making billions.

  15. Got the feeling Vince wanted to stick it our last time but NBC (Ebersol) threw in the towel.

    This time he’s playing for the long term with a solid plan unlike…Jr.

    I think Jr. rushed in to beat Vince and that will probably be his undoing. That and the “cutting-edge” tech that didn’t work right out of the gate and is mysteriously vague.

    I wouldn’t bet against Vince. Given the AAF getting decent TV numbers and Vince’s connections he’ll get the games aired.

  16. As soon as she heard about this Linda McMahon quit the Trump administration and went home to take back control of the WWE. Too funny.

  17. It’ an embarrassment to the country that someone can make that much money on a phony display of men wrassling in awful uniforms while following a script. It’s not his income that embarrasses as much as that they’re are fans who paid money to watch it. It’s entertainment and not a sport and not entertaining to me at any price.

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