VINCE McMAHON RAISES 1 MILLION DOLLARS FOR NEW XFL
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”.http://www.firstcomicsnews.com/vince-mcmahon-raises-1-million-dollars-for-new-xfl/http://www.firstcomicsnews.com/wp-content/uploads/2016/11/XFL-logo-600x257.pnghttp://www.firstcomicsnews.com/wp-content/uploads/2016/11/XFL-logo-150x64.pngNews