Vince McMahon Sells $270 Million Of WWE Stock To Fund The XFL

XFL 2020 comes back next year!

Vince McMahon has cashed-in even more of his WWE stock to help fund the relaunch of the XFL.

McMahon sold three million shares of his stock - valued at approximately $270 million - as he continues to pump money into Alpha Entertainment. AE is the company Vince set up to bring back the football league he created back in 1999.

This is the second load to stock McMahon has sold off since the launch of Alpha Entertainment after he offloaded another $100 million worth to help the company get off the ground in its early stages.

Vince still owns over 36% of WWE, with over 80% voting rights when it comes to making calls relating to wrestling matters in the company. Vince will not be stepping down from his current role any time soon, it seems.

The original XFL kicked off in 2001 but folded after one season.

Vince's new XFL will start next year, with the aim to offer a more entertaining version of the NFL. Eight teams have already been established for the new league, with four of them already securing head coaches.

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Ross Tweddell

Written by Ross Tweddell

Editor-in-chief of Cultaholic.com and presenter on the Cultaholic Wrestling YouTube channel. Email: [email protected]