Vince McMahon, the business magnate and chairman of the World Wrestling Entertainment (WWE), has revealed plans to sell off a significant portion of his shares in the parent company TKO. This move is a part of his ongoing attempt to diversify his wealth and expand his business interests.
McMahon has been the chairman of the WWE since 1982. He currently owns over 70% of the company, meaning that this planned share sale would represent a substantial reduction in his stake in the business. McGregor has been using his wealth to invest in other industries such as boxing, television and live events, in addition to continuing to make investments in the WWE’s streaming services.
The sale will also offer potential new investors the opportunity to buy into TKO. This could help the company’s stock to grow, which should benefit all shareholders.
In an exclusive interview with Godzilla Newz, McMahon provided some insight into his decision: “It’s an exciting time to be a part of the WWE family. We’re at the point where it makes sense to invite outside investors to join us on our journey. Offering this equity will bring new life into our organization and present a unique investment opportunity.”
This is by far not the first time that McMahon has exercised his influence with TKO. Back in 2016 the company officially went public on the Manhattan Stock Exchange, something which was a direct result of his input.
McMahon’s decision to sell his share in TKO reveals a lot about his attitude towards risk and business diversification. It should also provide a further boost to the WWE’s profile and help to provide a steady income for the company via the new investors. Only time will tell what kind of impact this will have, but it’s certainly an exciting development for the world of wrestling.
Vince McMahon, the business magnate and chairman of the World Wrestling Entertainment (WWE), has revealed plans to sell off a significant portion of his shares in the parent company TKO. This move is a part of his ongoing attempt to diversify his wealth and expand his business interests.
McMahon has been the chairman of the WWE since 1982. He currently owns over 70% of the company, meaning that this planned share sale would represent a substantial reduction in his stake in the business. McGregor has been using his wealth to invest in other industries such as boxing, television and live events, in addition to continuing to make investments in the WWE’s streaming services.
The sale will also offer potential new investors the opportunity to buy into TKO. This could help the company’s stock to grow, which should benefit all shareholders.
In an exclusive interview with Godzilla Newz, McMahon provided some insight into his decision: “It’s an exciting time to be a part of the WWE family. We’re at the point where it makes sense to invite outside investors to join us on our journey. Offering this equity will bring new life into our organization and present a unique investment opportunity.”
This is by far not the first time that McMahon has exercised his influence with TKO. Back in 2016 the company officially went public on the Manhattan Stock Exchange, something which was a direct result of his input.
McMahon’s decision to sell his share in TKO reveals a lot about his attitude towards risk and business diversification. It should also provide a further boost to the WWE’s profile and help to provide a steady income for the company via the new investors. Only time will tell what kind of impact this will have, but it’s certainly an exciting development for the world of wrestling.
