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Vinnie Mac sold $$$100 million in WWE shares today  Rate Topic 
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 Posted: Fri Dec 22nd, 2017 05:53 am
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Principal_Raditch



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http://www.espn.com/wwe/story/_/id/21840316/vince-mcmahon-sells-some-wwe-shares-fund-alpha-entertainment-llc

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 Posted: Fri Dec 22nd, 2017 07:24 am
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freebirdsforever2001
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There have also been rumors of Vince open to the idea of selling the WWE off.



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 Posted: Fri Dec 22nd, 2017 08:58 am
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Superstar
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Honestly have no idea how liquid Vince is, but it wouldn’t surprise me at all if he was preparing to put together a bid for the Carolina Panthers.



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 Posted: Fri Dec 22nd, 2017 10:13 am
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Franchise
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Didn’t hunter and Stephanie sell off large amounts of stock earlier this year?



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 Posted: Fri Dec 22nd, 2017 05:34 pm
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bpickering
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Franchise wrote: Didn’t hunter and Stephanie sell off large amounts of stock earlier this year?
Think it was a year or two ago to build a house. 



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 Posted: Fri Dec 22nd, 2017 05:35 pm
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bpickering
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WWE released the following statement regarding today's sale of 3,340,000 shares of WWE stock by Vince McMahon to help fund his new Alpha Entertainment company:

On December 21, 2017, Vincent K. McMahon (“Mr. McMahon”), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the “Company”), sold 3,340,000 shares of the Company’s Class A common stock in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended. Mr. McMahon executed the sale 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.

Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future.

The shares sold by Mr. McMahon represent approximately 4.3% of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company’s Class B common stock, which represents approximately 82.8% of the Company’s total voting power and approximately 41.8% of the Company’s total outstanding shares of common stock.



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 Posted: Fri Dec 22nd, 2017 06:13 pm
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One Fan Gang



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I am hoping one team in the league is based out of New Hampshire and is called the Conquered Grapes.

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 Posted: Fri Dec 22nd, 2017 06:16 pm
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carlton st

 

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not bad and he's still holding 963M in stock if I read that right, depending what B is worth.



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 Posted: Fri Dec 22nd, 2017 06:30 pm
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Married Jo



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Read Conrad Thompson's tweet on this yesterday, I think he's the only guy that probably has nailed what Vince did:

https://twitter.com/HeyHeyItsConrad/status/943991270598496256

I think Conrad probably is spot on, by buying up a few trademarks for nothing and getting people to speculate on "The XFL is coming back!" it allowed Vince to cash out $100 million and the stock basically do nothing..if he had just out of the blue cashed out that stock people would have freaked and the WWE stock would have fallen like a rock, doing it like he did yesterday the stock barely moved the needle..



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 Posted: Fri Dec 22nd, 2017 09:52 pm
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tamalie
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Rather than invest it in a certain to fail, if it even launches, football league, Vince should take that $100,000,000 and put in a big pile. He then ought to douse the money pile with gasoline and set it on fire. He loses the money still, but it happens much more quickly and with far less stress involved.

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 Posted: Fri Dec 22nd, 2017 09:58 pm
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Matt Farmer

 

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The best part of reading Conrads twitter the other day was to read the replies from people that just could not comprehend what the point he was making.



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 Posted: Fri Dec 22nd, 2017 10:57 pm
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Married Jo



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Matt Farmer wrote: The best part of reading Conrads twitter the other day was to read the replies from people that just could not comprehend what the point he was making.
No shit lol. "BUT THE XFL WILL FAIL!" Conrad: "dude, you aren't understanding.." follower: "No, I get it, but the XFL WILL NOT succeed, so he's throwing that $100 million away!" 
Conrad: "Delete your account" :D



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Well, Im of the opinion that one wouldnt actually have to eat the corn out of Chynas shit to know that nothing good could come of it. - Portalesman
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 Posted: Fri Dec 22nd, 2017 11:02 pm
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Ultimark



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Vince gets $100m out without tanking the stock. Brilliant.

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 Posted: Fri Dec 22nd, 2017 11:03 pm
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Ultimark



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Although it is down 8% today. WWE is not a good investment because of the low float.

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 Posted: Sun Dec 24th, 2017 09:16 pm
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sportatorium roach



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My first thought was that Vince thinks with the NFL less popular than it was in the early 00s now's the time to bring the XFL back.
But now after reading Conrad, I'm sure he's right.

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