Vince McMahon sells 100 Million worth of stocks

Vince McMahon seems to have taken a giant stride towards his dream venture of “XFL” after reportedly putting up 3.3 million shares on sale.

ESPN’s Darren Rowell has reported that the WWE has sanctioned the sale through the United States Securities and Exchange Commission.

In the report, it has been mentioned that the sale was done to make funds  for “Alpha Entertainment” which will be a new venture  “to explore investment opportunities across the sports and entertainment landscapes, including professional football.”

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It is also being stated that McMahon has filed 5 trademarks for the “XFL” name which will be used to cover football as well as in merchandise sales.

The XFL which is McMahon’s pet project, was initially found in 1999 and aired it’s first season in 2001. The initial ratings of the show was promising but plummeted to rock bottom due to which the show was scrapped.

The only season of the XFL saw cities such as Las Vegas, Los Angeles, New York, and Orlando. The Los Angeles Xtremes ended up winning the sole season.

It would be interesting to see what changes McMahon would bring in to the XFL to avoid it’s earlier fate. What do you think about McMahon venturing into a different area? Let us know in the comments section.