Home Entertainment McMahon Sells $30 Million WWE Shares, Updated Extreme Rules Card

McMahon Sells $30 Million WWE Shares, Updated Extreme Rules Card

(Photo via onlineworldofwrestling.com)

The Wrestling Observer is reporting that WWE Chairman and CEO Vince McMahon has officially sold a total of 2,181,894 shares of his WWE stock today. This number is worth a total of $30,300,659.

The report states that the official reason for McMahon selling the shares was due to purposes involving estate planning.

McMahon is now said to be left with a total of 37,080,747 shares of WWE stock, which represents approximately 48.8% of the company. Over the better part of the past 15 years, McMahon owned as much as 63% of company stock prior to sales over the past few years.

McMahon was further quoted as saying that aside from possible sales of stock currently located in his personal trust, which is what this sale represented, he currently has no plans to sell any further shares. Furthermore, McMahon also said that he intends to continue on in his role as WWE’s Chairman and Chief Executive Officer “for the foreseeable future.”

– Extreme Rules WWE World Heavyweight Title Match: Roman Reigns vs. AJ Styles

– Submission WWE Women’s Title Match: Charlotte vs. Natalya (Charlotte forfeits the title if Ric Flair interferes)

– WWE United States Title Match: Kalisto vs. Rusev

– WWE Tag Team Title Match: New Day vs. The Vaudevillians

– Fatal 4 Way WWE Intercontinental Title Match: The Miz vs. Cesaro vs. Sami Zayn vs. Kevin Owens

– Asylum Match: Dean Ambrose vs. Chris Jericho

– No Disqualification Kickoff Match: Baron Corbin vs. Dolph Ziggler

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Aaron Portier
Highly passionate MMA Journalist, and I've followed the sport ever since my favorite fighter, Vitor Belfort won the heavyweight tournament at UFC 12. After that I've tried to go to every local MMA event around the Gulf Coast and surrounding areas and decided to make it a point to have a career in some aspect in the fighting sport other than fighting in general (didn't want to ruin my face). I'm currently enrolled at Southeastern Louisiana University working towards a degree in Communication. I cover MMA, Boxing and Football for The Daily Star newspaper in my hometown of Hammond, Louisiana, in addition to working as a promotional writer for a local Boxing promotion known as BoxnCar and I cover boxing for 8countnews.com however SciFighting.com is my home. My main goal is to bring more publicity to MMA in my area and to the sport as a whole as all of us involved with the sport are merely scratching the surface and laying the foundation of what mixed martial arts competition will be further down the road.