Vince McMahon wants $9 billion for his wrestling empire
1 year, 10 months ago

Vince McMahon wants $9 billion for his wrestling empire

LA Times  

Vince McMahon speaks to an audience during a WWE fan appreciation event in Hartford, Conn., on Oct. 30, 2010. Large potential strategic buyers, such as Netflix and Walt Disney, may be uneasy taking on a business controlled by McMahon that involves the sometimes messy personal lives of its wrestlers. Vince McMahon is looking to get as much as $9 billion in a potential sale of World Wrestling Entertainment, the company he returned to run this year, according to people familiar with his thinking. Endeavor would need financial help from a third party since its market capitalization of $10.4 billion is only a bit more than what McMahon wants, but the company has already shown it can integrate and grow a sports-media business with a divisive founder in the UFC. WWE Chief Executive Officer Nick Khan dismissed a report last month that the Saudis already had a deal to buy the company as “totally false.” Larger strategic buyers, such as Netflix and Walt Disney, may be uneasy taking on a business controlled by McMahon that involves the sometimes messy personal lives of its wrestlers.

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History of this topic

Vince McMahon sells $311 million in stock to TKO and Endeavor in buyback
9 months ago

Vince McMahon sells $311 million in stock to TKO and Endeavor in buyback

LA Times  

Wrestling legend Vince McMahon has cashed out $311 million worth of his stock in TKO Group Holdings, the public company formed last April after Endeavor acquired World Wrestling Entertainment and merged it with the Ultimate Fighting Championship. In the first, Endeavor agreed to purchase 1.64 million shares of McMahon’s Class A common stock, worth $146.2 million at $89.01 a share. …

Vince McMahon, a man surrounded by controversies or a genius who transformed WWE?
11 months, 1 week ago

Vince McMahon, a man surrounded by controversies or a genius who transformed WWE?

Hindustan Times  

Vince McMahon, who stepped down from his role as executive chairman of TKO, the parent group of the pro wrestling juggernaut after a lawsuit accusing him of sexual assault and trafficking, is no stranger to controversies. Vince McMahon speaks to an audience during a WWE fan appreciation event His daughter Stephanie McMahon was named interim CEO as the investigation continued …

Investigations into secret payments. A new sports colossus. Inside Vince McMahon’s last stand
1 year, 3 months ago

Investigations into secret payments. A new sports colossus. Inside Vince McMahon’s last stand

LA Times  

In the annals of remarkable turnarounds, Vince McMahon appeared to engineer a rather swift and astonishing one for himself. Vince McMahon The government investigations into his conduct come as the WWE is confronting challenges on multiple fronts: Its ratings have dropped since 2018 and its exclusive media rights deals for the flagship “Raw” and developmental “NXT” shows are on the …

WWE Agrees To Merge With UFC To Create New Company Valued At $21.4 Billion
1 year, 9 months ago

WWE Agrees To Merge With UFC To Create New Company Valued At $21.4 Billion

ABP News  

UFC-WWE Merger: Ari Emanuel’s Endeavor-owned Ultimate Fighting Championship and billionaire Vince McMahon-owned World Wrestling Entertainment will be merging under one house, reportedly known as $TKO, to form a new, publicly listed company. Also, the merger might affect positions of WWE's Vince McMahon and UFC in-charge Dana White but an official confirmation is awaited on this. “For decades, Vince and his …

WWE and UFC will combine to form $21.4-billion sports giant
1 year, 9 months ago

WWE and UFC will combine to form $21.4-billion sports giant

LA Times  

Rhea Ripley reacts after winning the WWE Royal Rumble at the Alamodome in San Antonio. “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity,” McMahon said in a written statement Monday. “We’ve casually mentioned over the years since we got into sports …

Vince McMahon Looking for 'Right Deal' to Sell WWE: Report
1 year, 9 months ago

Vince McMahon Looking for 'Right Deal' to Sell WWE: Report

News 18  

A lot has already been spoken about WWE’s potential sale. WWE chairman Vince McMahon, who recently made a return following his brief retirement, is now reportedly eager to clear way for the sale of the franchise. @davidfaber reports multiple parties are in the ring for a potential sale of $WWE pic.twitter.com/LuoqfLIHpH— Squawk on the Street March 28, 2023 Nick Khan …

Vince McMahon Pays WWE $17.4 Million to Cover Investigation Costs
1 year, 9 months ago

Vince McMahon Pays WWE $17.4 Million to Cover Investigation Costs

News 18  

World Wrestling Entertainment Inc said on Friday Executive Chairman Vincent McMahon had paid $17.4 million to the company to cover costs related to an investigation into his alleged misconduct. McMahon, credited with transforming WWE from a regional player to a global giant, retired as CEO and chairman of the company in July last year. McMahon said he would involve himself …

Vince McMahon is Asking $9 Billion for his Wrestling Empire
1 year, 10 months ago

Vince McMahon is Asking $9 Billion for his Wrestling Empire

Hindustan Times  

Vince McMahon is looking to get as much as $9 billion in a potential sale of World Wrestling Entertainment Inc., the company he returned to run this year, according to people familiar with his thinking. Vince McMahon is looking to get as much as $9 billion in a potential sale of World Wrestling Entertainment Inc. Endeavor would need financial help …

WWE discloses expenses tied to ex-CEO Vince McMahon, to restate results
2 years, 5 months ago

WWE discloses expenses tied to ex-CEO Vince McMahon, to restate results

Hindustan Times  

World Wrestling Entertainment Inc said it would restate some of its financial results after finding unrecorded expenses made by former Chief Executive Officer Vince McMahon, who stepped down last week amid allegations of misconduct. Vince McMahon is pictured at the Connecticut Republican Convention The expenses total $14.6 million and were made from 2006, the company said in a regulatory filing …

Vince McMahon’s lengthy rap sheet is a shocking indictment of WWE – and his legacy
2 years, 5 months ago

Vince McMahon’s lengthy rap sheet is a shocking indictment of WWE – and his legacy

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. In McMahon’s mind, if health would …

Report: WWE boss McMahon’s hush cash bill over $12 million
2 years, 6 months ago

Report: WWE boss McMahon’s hush cash bill over $12 million

Associated Press  

NEW YORK — The longtime World Wrestling Entertainment impresario Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, the Wall Street Journal reports. Four women — all formerly affiliated with WWE — signed agreements with McMahon, 76, that bar them from discussing their relationships with him, the …

Vince McMahon cynically plays 'Mr. McMahon' on WWE 'SmackDown'
2 years, 6 months ago

Vince McMahon cynically plays 'Mr. McMahon' on WWE 'SmackDown'

LA Times  

As a disgraced Vince McMahon stared down the thousands in attendance at Minneapolis’ Target Center to open Friday’s live broadcast of WWE’s “Friday Night SmackDown,” he invoked his company’s signature tagline: “Then. The same indefatigable promoter whose show-must-go-on mentality has only hardened since WWE began airing several hours of live and pre-taped content each week viewed the timing of tonight’s …

WWE making record profits, but declining ratings and Vince McMahon's creative bankruptcy threatens company's future
4 years, 2 months ago

WWE making record profits, but declining ratings and Vince McMahon's creative bankruptcy threatens company's future

Firstpost  

While Vince McMahon was a pioneer who took his company to new heights, his storytelling skills have long since turned to dust. While the year of our lord 2020 has witnessed a sea change in the landscape of professional wrestling with the emergence of a true alternative and a potential future rival in the form of All Elite Wrestling, one …

Rival promoters discussed putting a hit on WWE owner Vince McMahon, says Hall of Famer Jim Ross
5 years, 4 months ago

Rival promoters discussed putting a hit on WWE owner Vince McMahon, says Hall of Famer Jim Ross

Hindustan Times  

Vince McMahon’s willingness to turn a nice sport like professional wrestling into a global phenomenon has led to his company WWE becoming one of the most successful business empires in the world. READ | ‘Perfect storm of crappiness,’ Goldberg apologises for botch-filled match with The Undertaker at WWE SuperShow Down So with the success comes the danger. It has been …

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