Vince McMahon Makes a Major Business Move Following Extreme Rules

Vince McMahon, Stephanie McMahon, and Triple H reportedly sold off WWE stocks worth over $1.5 million earlier this week.

The reason this piece of news is legitimate and not a hoax is because of the SEC filings. The filings show the following in the shares sold by the WWE executives:

Vince McMahon: 12,762 shares that are worth $590,370.12

Stephanie McMahon: 11,167 shares that are worth $516,585.42

Triple H: 10,628 shares that are worth $491,651.28

Vince McMahon, Stephanie McMahon and Triple H among others who sold WWE shares

The three of them are just a small number among all WWE executive who sold off their shares at $46.26 per share. WWE’s second quarter report for 2020 is due in July.

The company had released several wrestlers along with the staff at the beginning of the COVID-19 pandemic. The decision was taken keeping in mind the financial blow it will receive due to the virus.

Since the pandemic, even though matches between Superstars have resumed, they have no audience. However, keeping this in mind, Vince McMahon’s WWE reports substantial earnings for the 1st quarter of 2020.

Unfortunately, ever since there was a ban on audience gathering in large crowds, the viewership of WWE has been hurt. The numbers for RAW and SmackDown have been quite low.

The lowest record for viewership was set on July 13th at 1.687 million viewers only.

Even with the low viewership, WWE continues to perform tremendously well within the 18-49 age, definitely better than their competition.

Furthermore, the shows that WWE has in place at the moment are generating a better number of views than what the networks otherwise would have. As a result, WWE will continue to stay in a comfortable position with their television deals.

WWE has already reported revenue worth $291 million with a net income worth $26.2 million from their major contracts with NBC Universal and NBC.

It is expected that WWE will report a profitable quarter which is due to be announced at the end of July.