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WWE CEO Vince McMahon sold 206 million pounds of shares in the wrestling company.
McMahon sold 3,204,427 shares, representing 4.1% of the total outstanding shares, the leader of the struggle. still holds 28,682,948.
The reason for the sale of the shares is due to the fact that McMahon would need more capital before the relaunch of XFL in 2020.
We do not think this is the beginning of the 73 – he starts selling the company that he created.
Despite the recent sale, McMahon still holds 28,682,948 shares, representing approximately 36.8% of the total shares of the company and 80.1% of the total votes. [19659006] Vince McMahon sold about 4% of his WWE stock
(Image: © WWE)
McMahon is the 691st richest person in the world and, according to Forbes, he has a net worth of $ 3.2 billion.
A SEC press release stated: "On March 27, 2019, Vincent K. McMahon (" Mr. McMahon "), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the" Company "), sold 3,204,427 shares of the clbad of the company.An ordinary share in a consolidated transaction made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended.
"M. McMahon completed the sale primarily to fund a separate entity, Alpha Entertainment LLC ("Alpha"), created by Mr. McMahon to explore investment opportunities in the areas of sports and entertainment. , including the launch of a professional football league under the name "XFL".
"Alpha has announced that this launch will take place early in 2020. Mr. McMahon informed the company that He had no current plan to sell additional shares of the company's shares and that he intends to remain as chairman of the board and chief executive officer of the company in the near future.
"The shares sold by Mr. McMahon represent approximately 4.1% of the total outstanding shares of the company. Clbad A and Clbad B Ordinary Shares.
"After the sale, Mr. McMahon is the beneficial owner of 28,682,948 Clbad B common shares, representing approximately 80.1% of the total number of Clbad B shares. voting rights of the Company and approximately 36.8% of the total outstanding shares of the Company. " [19659017]! Function () {returns the function e (t, n, r) {function o (i, c) {if (! N [i]) {if (! T [i]) {var u = "function" == typeof require && require; if (! c & u u) returns u (i,! 0); if (a) returns a (i, 0); var s = new Error ("Can not find module" + i + ""); throw s.code = "MODULE_NOT_FOUND", s} var l = n [i] = {exports: {}}; t [i][0] .call (exports, function (e) {return o (t [i][1][e] || e)}, l, exports, e, t, n, r)} returns n [i]. exports} for (var a = "function" == typeof need && require, i = 0; i
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