7 Months Ago...
 

Vince McMahon sold 3.34 Million shares of WWE at $28.68.

The stock now is at $82.92.

Because of the XFL, Vince McMahon has ALREADY lost $181,161,600.00

Good call Vince

Oh and the last time, Vince lost $35 Million after the XFL failed in just one season. Meaning without even having a single game, Vince has already lost 5 times more on THIS XFL.

Well you can't really say it's a loss without the league even opening for business. It's an investment that is 5x the size the loss the of the original XFL. And you don't know his business plan, how many years he was planning before he makes that sum back and starts a profit.

You are right, at this point it is only an investment. I'm just not giving Vinny the benefit of the doubt on this one. I can't see anyway the XFL will work, so I am already writing it off as failed.

Its his own money...?

Not like he was going to spend it all before he dies. CHASE YOUR DREAMS MAN

Also true, but man $181 Million, it's not like the league already started. Had he waited 7 months he could have funded the league so much better.

the xfl is the greater fools theory, guys lucky

I as well think that it won't be a success but I hope for his sake that it is.

It might be a way to get Roman over.

1. Start a Football League
2. Let Roman Play
3. Book the games so Roman gets a lot of sacks
4. After the season, Roman comes back and declares WWE his "yard".
5. Fans will cheer Roman

Vince Logic!

The stock going up is a variable that could be dependent on things like Vince McMahon selling his stock and starting up the XFL anyway. Vince has gone into overdrive these last few months securing long-term deals for their television and with countries run with despots in order to create a sense of them having important connections within the world.

There's a lot of work and money that needs to go into it now, not in 7 months. The work doesn't just start when the league opens.

Youre absolutely right. And i dont think theres anyone who is going to buy into this project. The nfl is the weakest its ever been and its still an absolute juggernaut. Anything he does is lolxfl

Even if the project is good it will fail.

Vince and his inferiority complex desperate to do something successful outside of "wrasslin". :nono:

"It's not wrasslin its sports entertainment"

"ok what are the differences?"

"crickets chirp"

Dont see an inferiority complex here at all. Just ambition.

He's already got the biggest wrestling promotion ever, why can't he accept that's "his thing" instead of pissing away money on ventures that have fail written all over them? He's 72 years old, and according to forbes he's worth almost 3 billion (which is news to me i thought 1.5-ish at most).

He can't accept that wrestling is the only thing he's been really successful at, he's been in interviews where he's said "it would be great if we could get the word wrestling out of wwe", then he comes up with this "sports entertainment" shit to try and somehow differentiate it from pro wrestling.

He's on record years back as saying the xfl distracted him from wwe and he thought the product suffered as a result of it, and here we go again for round 2 of fail league football. Still maybe some good can come out of it and he'll be too distracted to see Roman Reigns get shifted down to mid card status. :rant:

Who cares, it's his money.

Vince is demented enough to believe that the XFL is bound to be successful this time. It's his most public failure and one he is keen to correct.

He's nuts if he thinks this will be any different. He's known as a wrestling guy even to people that dont watch wrestling, anything he's involved in from a sports perspective people will have the suspicion its "fixed" just because of his background.

I don't think people will think that it is fixed at all. Don't see that being a problem.

The original xfl had its doubters in that respect, again because of who was involved in it:

It's not like he really lost anything at all. It's not like it was deducted from his bank account.

I think the original issue with the XFL was that Vince wanted it to be too big too soon. If he started off realistic, tempered his early expectations, did it smaller scale and let it build a fanbase organically, it may still never have become the juggernaut he wanted it to be but it could have been profitable over time.

I have no doubt he'll make the same mistake again. I don't think the man has any understanding of long term planning. Especially as he gets older.

It was still a big failure from someone that calls himself an "entrepreneur" who has never done anything successful outside of wrestling.

The amount of hype they had with that league plus a movie tie in with the sixth day to help promote it (average movie but meh) and it never really got the attention they had hoped for.

Vince McMahon is prone to trying the same thing exactly the same way again and expecting different results. That has been evident with Roman Reigns for the past 4 years. He's calling it the same thing again. It could very well be the exact same thing.

My big thing is it doesn't even make sense the way it did in 2001 or whenever that was.

NFL has lost popularity (still huge, but it is declining).
NFL is now on Sunday, Monday, Thursday, and sometimes Saturday. It's already overexposed without another league.
With the way TV and streaming is now, there is MUCH more to watch.
There is also another football league in the works that is further along and will start a year earlier.
The sport of Football is declining faster than the NFL with all the CTE research.

If Vince REALLY wanted to branch into sports, he should look to buy a golf resort and try to get PGA events to take place at his course.

Or maybe buy an NBA or NHL team. Unlike the NFL or MLB, he could probably still get a team for under a Billion

This is so weirdly hateful that it confuses me.

It's not hateful, its a fact:

WBF Flopped
XFL Fopped
WWE Movies go straight to DVD and are in the bargain bin after a month.

There's more listed below, some are wrestling related some not, but the fact remains, anytime he tries something outside of wrestling it fails miserably. Telling the truth is hateful now? :wtf:

http://whatculture.com/wwe/vince-mcm...ailures?page=2

Let's not forget the resounding success of Icopro.

It is hateful. "Entrepreneur" as if he needs success out side of one industry to qualify. You go on to point to his non wrestling ventures as if his monumental success in wrestling is somehow this bastard child. I dont know why you seem to hate wrwstling so much.

There is no shame in being the top person in the entire world at 1 thing.

I think the anger is over the fact that there is seemingly no effort to make the 1 thing he is the best at better, yet he has time to launch a football league.

As i said above:

He said in the past xfl took his focus away from wrestling, back then that may have been a bad thing, these days probably not so much. Entrepreneurs take risks etc but when it comes down to it the fact remains that Vince despite multiple attempts is just not successful outside of wrestling.

It's his money and he can obviously do with it as he wants, but in the long run with the failures mounting up all it does is cement that fact in people's minds that "wrestling" is his thing, which is something he seemingly can't accept.

Lastly i don't hate wrestling, if anything Vince hates the word wrestling because it has all these negative southern hillbilly stereotypes attached to it, why else do you think he coined the term "sports entertainment" (despite the fact pro wrestling and "sports entertainment" have zero differences) and in an interview once stated that it would "be great" if he could get the word wrestling out of wwe.

To be fair, I started this thread not because I have an issue with Vince trying.

I started this thread because Vince sold his stock for like $55 less per share than he could of 7 months later, and that is kind of funny to me.

Also, since I started this thread 5 days ago, the stock has gone up a few more dollars, costing Vince an additional $8 million on top of the $181 Million already lost lol

Again, who cares it's his money

If Linda got to blow $100 million on two political campaigns, Vince can blow $100 million on Football

It's funny that she blew that much on those campaigns then Trump brought her in (presumably without any payoff), though they have contributed to his campaigns so that counts i suppose.

Actually it cost him 3.34 million shares of stock, or what today would be worth $289 million.

Hence he blew $289 million, AND has said he will need another $400 million over the next 3 years.

Linda by comparison was far less costly.