Epitaph
05-13-2004, 09:44 AM
The WWE issued a press release this morning regarding Vince McMahon and family selling off a tremendous amount of its personal holdings in World Wrestling Entertainment. Below is the official statement:
STAMFORD, Conn., May 12, 2004 – World Wrestling Entertainment, Inc. (NYSE:WWE) announced today that approximately 6.1 million shares of its Class A common stock owned by the Vincent K. McMahon Irrevocable Trust (the "Trust") are being offered for sale in a public offering pursuant to a shelf registration statement that has been declared effective by the Securities and Exchange Commission.
Acording to Meltzer
All that it means is that Vince's ownership in the company is reduced from about 80% to something like 61%, but Vince makes something like $12 million by selling the stock. It isn't that big of a deal.
Quite interesting i think. One day he may, May not be in charge of the WWE. But i dont think it's that much of a Big Deal, If you think about it, No Matter what Vince is also going to have the final say in "His" Product. Quite interesting IMO that It may not be long befor Vince Hand's the company down over to Shane and Steph IMO.
Thoughts?
STAMFORD, Conn., May 12, 2004 – World Wrestling Entertainment, Inc. (NYSE:WWE) announced today that approximately 6.1 million shares of its Class A common stock owned by the Vincent K. McMahon Irrevocable Trust (the "Trust") are being offered for sale in a public offering pursuant to a shelf registration statement that has been declared effective by the Securities and Exchange Commission.
Acording to Meltzer
All that it means is that Vince's ownership in the company is reduced from about 80% to something like 61%, but Vince makes something like $12 million by selling the stock. It isn't that big of a deal.
Quite interesting i think. One day he may, May not be in charge of the WWE. But i dont think it's that much of a Big Deal, If you think about it, No Matter what Vince is also going to have the final say in "His" Product. Quite interesting IMO that It may not be long befor Vince Hand's the company down over to Shane and Steph IMO.
Thoughts?