Vince McMahon Sells Massive Amount Of WWE Stock, Update On XFL Trademarks

Vince McMahon Sells Massive Amount Of WWE Stock, Update On XFL Trademarks

McMahon has established a new company, separate from the WWE, called Alpha Entertainment.

Alpha filed for five trademarks to the XFL on December 16, according to records with the U.S. Trademark and Patent Office.

McMahon reportedly founded Alpha Entertainment LLC in September, which has since filed for a number of XFL-related trademarks, as well as trademarks for the names "URFL", "UFL" and "United Football League".

Rumors that Vince McMahon wants to reboot the XFL are officially more than just rumors.

McMahon has also secured previously abandoned XFL trademarks and the WWE hasn't denied the failed professional football league returning. Speculation now turns to whether this is the right time for the XFL to return and if McMahon is about to lose even more money this time around. Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company's stock and that he intends to continue in his capacity as the Company's Chairman and Chief Executive Officer for the foreseeable future.

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ESPN reported that McMahonm, chairman and chief executive of World Wrestling Entertainment, filed details with the U.S. Securities and Exchange Commission about his sale of 3.34 million shares of WWE, totaling roughly $100 million.

The report also said that McMahon only sold 4.3 percent of the company's total outstanding shares and showed that McMahon now holds 82.8 percent of the company's voting power after the sale.

The XFL also tried to combine the WWE and National Football League, with mixed results.

The league could have a political bent, as former reality TV show host and USA president Donald Trump - a friend of McMahon - has recently criticised the NFL.

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