Thread: "100,001" Replies (Wrestling Forum)
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Old 06-28-2018, 07:05 PM   #43200
Emperor Smeat
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Either Vince didn't actually think WWE's stocks would have shot up this much or was really desperate for money for XFL 2.0 since he cost himself over $140 million in selling his stocks way too soon.

Quote:
If Vince McMahon had known this was coming he’d have surely waited to sell so much stock.

In December, he sold 3,340,000 shares at $28.68 per share to raise $95,791,200 for the XFL start-up. If he sold those shares today at market value (and if he did sell, it would actually be at slightly below market value) he’d have raised $236,672,400 so had he just sat right for six months he could have retained far more stock while raising far more money, and funded a ton of XFL early losses. But either way, he’s at the stage where he can afford however large the losses will be at first. It’s just a decision of giving up or not giving up on the belief it’ll make it long-term. It’s long past the point that money will ever be an issue with him or the XFL.
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