Vince McMahon sells over 2 million of his WWE shares on Monday.
According to F4WOnline, Vince McMahon sold over 2 million of his shares in WWE on Monday, worth over a reported $39 million dollars. The sale of the shares according to the report was due to ‘estate planning purposes’. This is only a fraction of his total shares as after the sale he still holds over 37 million shares of the company which makes up over 48% of ownership. It is also mentioned that Vince plans to stick around as CEO and Chairman and has no interest in selling any more shares right now.
Here is the apparent breakdown of shares after the sale:
Best I can count, here’s the breakdown of $WWE ownership after Vince sold over 2 million shares (2.8% of WWE) today. pic.twitter.com/6X0ZcbERTm
— Brandon Howard (@adecorativedrop) May 17, 2016
As you can seen, Vince and the rest of the McMahon family still own a controlling interest of the WWE. Always a story when Vince McMahon sells anything WWE related. Estate planning likely means that he is setting up the company for his family after he passes away…. Let’s be honest though, Vince McMahon is IMMORTAL!
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Let us know what you think about the news! Leave us a comment below and we will get back to you.
Vince is a smart man. He knows what he is doing. Cant live forever.