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

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

Why Vince why?

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

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.