Vince McMahon sells WWE stock to finance new company, XFL trademarks filed

Vince McMahon sells WWE stock to finance new company, XFL trademarks filed

Vince McMahon sells WWE stock to finance new company, XFL trademarks filed

The XFL reports seem to fit because it allows Vince to take another stab at building a professional football organization and doesn't put the long-lasting WWE brand at risk. The company's Securities and Exchange Commission (SEC) official filing states that it's being used "to explore investment opportunities across the sports and entertainment landscapes, including professional football", according to The Wrap.

Many fans remember when Vince announced the XFL, and there was a lot of hype for the league when it debuted, but the XFL never made it to a second season.

With the National Football League being at a crossroads with multiple controversies that have turned fans away from the sport, a report surfaced last week that Vince McMahon might be trying to revive the XFL. While the NFL is the dominant league in U.S.pro sports, its attendance and TV ratings have fallen in recent years, perhaps providing an opportunity for a rival league to gain traction.

McMahon has said nothing publicly about his plans for a new league or when it could start play.


Sports Business Reporter Darren Rovell, also reported that Alpha Entertainment filed for five trademarks to "XFL" on December 16, with it showing up in the trademark office filing this week.

McMahon - who's now 72-years old - wants to right some old wrongs and he could be thinking about reviving the XFL. The news, which was originally broken by freelance writer Brad Shepard, was reported by Deadspin after they reached out to WWE regarding the possible relaunch of the XFL.

The report also said that McMahon only sold 4.3 percent of the company's total outstanding shares and showed that McMahon now holds 82.8 percent of the company's voting power after the sale.

Latest News