Vince McMahon has sold approximately 3.34 million shares of WWE stock for $100 million.

Details of the sale were released to the U.S. Securities and Exchange Commission. The filing noted the reason for the sale as “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.”

Alpha Entertainment filed for 5 trademarks on December 16th related to a potential professional football league, most utilizing the name “XFL”.

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Vince McMahon has sold approximately 3.34 million shares of WWE stock for $100 million. Details of the sale were released to the U.S. Securities and Exchange Commission. The filing noted the reason for the sale as “primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon...