Vince McMahon, Triple H, and Top WWE Executives Make Healthy Profits Off Company Stock
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WWE filed a new SEC which showed that several WWE Officials have cashed in on their stocks to take advantage of the profits.
Some of the officials are Vince McMahon, Nick Khan, Stephanie McMahon, and others.
Vince McMahon (Chairman and CEO) sold 17,465 shares at $48.68 approximately for $850,196. Currently, the CEO is the owner of 72,265 shares.
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Paul Levesque a.k.a. Triple H (Executive Vice President of Global Talent Strategy & Development) sold 547 shares at $48.68 approximately for $221,347. Currently, he owns 45,465 shares.
Stephanie Levesque a.k.a. Stephanie McMahon (Chief Brand Officer) sold 4,410 shares at $48.68 approximately for $214,678. Currently, she owns 77,712 shares.
Nick Khan (President & Chief Revenue Officer) sold 1,098 shares at $48.68 approximately for $53,450. Currently, he owns 9,410 shares.
Other officials such as Kevin Dunn (Executive Producer & Chief of Global Television Distribution), Bradley Blum (Executive Vice President of Operations), and Kristina Salem (Chief Financial Officer) have also sold off a significant number of shares as noted in the SEC filings.
How Much do Vince McMahon, Stephanie McMahon and Triple H Earn From WWE?
WWE will continue to earn profits for a while now
When the company restarted their tours, it became quite the buzz among the fans. Everybody wanted to be a part of the arena and cheer for their favourite Superstars. This automatically became a revived revenue source for the company.
Second, the company released several Superstars prior to the tours restarting which helped the company reduce their expenses significantly.
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Next, John Cena came back at Money in the Bank 2021 to challenge Roman Reigns for SummerSlam. This will become a huge event for the WWE Universe and the fans will try to get their hands on the tickets. Moreover, John Cena vs Roman Reigns will be a money making match because of the megastars involved.
Finally, the company has partnered with Iconic Events Releasing to show SummerSlam 2021 across movie theaters around the nation. This will serve as an additional source of revenue for the company as well.
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Watch This Story: Best Moments From WWE Money in the Bank 2021
Undoubtedly, with so many changes, WWE has already started to climb the list for views and ratings. If all goes according to assumptions, the company is on its path to earning huge profits for the rest of 2021.
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