SKFabe: Hottest WWE News of the Week (22 Dec, 2017)

#4 Vince McMahon sold $100 million of WWE's stock to fund XFL

The one constant for WWE through the years has been Vince McMahon at the helm of the company. Vince McMahon is, by far, the most successful wrestling promoter in history, and the only black mark against his name was the failure of his football venture- the XFL.

We have learned that McMahon sold $100 million of the WWE's stock. This was in a bid to fund Alpha Entertainment, a company that filed trademarks for the term XFL. We wonder what consequences this could have on WWE!

Vince McMahon sold $100 million worth of WWE stock today to fund Alpha Entertainment, which he created, in part, to fund a pro football venture.Alpha Entertainment filed for 5 trademarks last week to the "XFL."Draw your own conclusions.https://t.co/9DF8EUwOU3
— Darren Rovell (@darrenrovell) December 21, 2017

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Let's hope that this edition of the XFL is successful. And that Vince McMahon still leads WWE to a glorious future. If not, everything's doomed.

However, following the sale, McMahon still holds 82.8% of the voting power in the company, as of right now.

About the author

Riju Dasgupta is the most-read active writer in Sportskeeda at the moment, across all sports. Having come on board in 2016, Dasgupta is best known for the 'Best and Worst' column, something that has become a staple for the site!

In addition to his writing responsibilities, Dasgupta is also the Assistant Manager of the Combat Sports division. In 4 years, Dasgupta has conducted over 150 interviews with stars from WWE, Impact Wrestling, PCW Ultra, WOS, UFC, ONE FC and the world of boxing as well.

In addition to everything he does in Sportskeeda, Dasgupta is also the bassist and lyricist for heavy metal bands- Albatross and Primitiv.

Before joining Sportskeeda, Dasgupta was a comedy writer for Star TV, where he scripted lines for the iconic Lola Kutty property, in addition to hit TV shows like Axe Ur Ex & UR Fired. He was also a columnist for Rolling Stone India.

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Edited by anirudh.b