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Vince McMahon Sells $22 Million Worth of WWE Stock

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WWE Chairman and CEO Vince McMahon continues to sell off shares of WWE as he prepares for the re-launch of his football league, the XFL, in 2020.

According to recent SEC filings, McMahon recently sold 300,000 shares of WWE, valued at $74 a share, for an estimated $22 million, leaving McMahon with a hefty 3 million shares, for an estimated total well of $2 billion.

McMahon is clearly creating more financial cushion for his venture Alpha Entertainment, which owns the XFL, who recently announced the initial cities that will house XFL franchises that include Washington, Los Angeles, Dallas, Houston, Seattle, New York, St. Louis, and Tampa Bay.

As WWE has always innovative with their content distribution, highlighted by the success of the WWE Network platform, it will be interesting to see how the XFL will be setup.

With the popularity of Twitch streams and the less popular Mixer streams introducing more forms of entertainment to the potential of online streaming, it will be interesting to see how the XFL will choose to broadcast, and on how many platforms once it launches.

XFL will have it’s fair share of competition, but McMahon seems to be financially arming the league for a more successful run than it had back in the early 2000s.

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media and DiMoro Enterprises LLC. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony hosts the Anthony DiMoro Show podcast, and formerly hosted the 'Forbes SportsMoney Podcast'.

NEWS

Ashley Massaro Death Apparent Suicide

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Ashley Massaro

Last week news broke that former WWE superstar Ashley Massaro had tragically passed away at the age of 39, although details were not available other than her death being officially classified as “non-criminal.”

According to TMZ Sports, Massaro was found hanging in an apparent suicide, found unconscious inside of her Suffolk County, NY home early Thursday morning prior to being rushed the hospital where she was later pronounced dead.

Massaro is being laid to rest in Suffolk County, and is survived by her daughter.

Former WWE superstar and MMA fighter CM Punk called into WMGM on Friday saying that he heard Massaro had taken her own life and urging anyone listening who is struggling with depression and/or suicidal thoughts to get the help they need.

 

 

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NEWS

Al Unser Jr. Arrested for Drunk Driving

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Al Unser Jr.

Racing legend All Unser Jr., who wont the Indianapolis 500 two times, was arrested in Indianapolis, Indiana for drunk driving early Monday morning.

Under, 57, was reportedly pulled over in Hendricks County where officers suspected that he was drunk and he was booked around 2:30 AM and he is now facing 3 charges, according to a report from TMZ Sports.

Unser is now facing charges such as improper lane usage, speeding and operating while intoxicated, and his mug shot shows that he may not be too concerned with what went down and the charges he was hit with.

This isn’t the first time Unser has been arrested for drunk driving, as he was popped back in 2007 and again in 2011. Unser was also arrested back in 2002 following an alcohol-fueled altercation with his then-girlfriend.

Unser retired from racing back in 2007 following an amazing career.

 

 

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NEWS

Former WWE Superstar Ashley Massaro Dead at 39

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Ashley Massaro

Former WWE superstar and 2005 Diva Search Winner Ashley Massaro has died at the age of 39, according to a report from TMZ.

Massaro was transported from her home in Suffolk County, NY to a nearby hospital where she died early Thursday morning, per the report which cited officials. Massaro’s death is currently being classified as “non-criminal.”

Massaro was most known for her appearances at WWE’s annual extravaganza, WrestleMania, and she competed in a WWE Women’s Championship match against Melina at Wrestlemania 23 back in 2007, and then a Playboy BunnyMania LumberJill match at Wrestlemania 24 in 2008.

Massaro was the cover girl for the April 2007 edition of Playboy and also appeared on “Survivor: China” in 2007, where she was voted off in the second episode.

Massaro left WWE in 2008 but returned to professional wrestling by joining an independent company in 2017.

WWE released a statement regarding Massaro’s passing on their official website.

“We are saddened to learn of the tragic death of former WWE Superstar Ashley Massaro. She performed in WWE from 2005-2008 and was beloved by her fellow Superstars and fans around the world.

WWE offers its condolences to Ashley’s family and friends.”

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