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Mr Dee

Alliance of American Football

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2 hours ago, The Unknown Poster said:

Vince sold shares for $100 million to invest in his XFL company which is separate from wwe and financed by Vince personally.  

WWE has always paid a dividend and Vince is the largest share holder. He was paid tens of millions per quarter for years and years.  He’s said he could invest half a billion. 

His personal fortune isn’t just wwe stock. He has tons of cash (or at least he was paid a ton of cash, what he did with it after, I don’t know). 

EDIT: Here's a good article on the McMahon fortune.

https://www.forbes.com/sites/chasewithorn/2018/06/20/the-mcmahons-who-run-wwe-and-trumps-small-business-administration-raked-in-at-least-100m-in-2017/#6cad92d3254e

So in 2017 alone, Vince made $12 million in dividend payments.  He's received those large payments every year since WWE went public.  Plus, over $3 million in salary as CEO.  The article states he made $2 million in income from non-WWE investments in 2017 as well.  

Dude has plenty of money. :-)

If you are selling assets are you making money? He is financing the XFL by selling assets. Assets are finite, and he will only sell so much of his WWE stock where the bulk of his wealth is tied up.

Edited by gcn11

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20 minutes ago, gcn11 said:

If you are selling assets are you making money? He is financing the XFL by selling assets. Assets are finite, and he will only sell so much of his WWE stock where the bulk of his wealth is tied up.

He's reinvesting his funds into a new asset. That's how he intends to grow the funds. 

 

And, he has cash. 

Edited by JCon

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38 minutes ago, gcn11 said:

If you are selling assets are you making money? He is financing the XFL by selling assets. Assets are finite, and he will only sell so much of his WWE stock where the bulk of his wealth is tied up.

I agree with you. This seems like a ridiculous use of money. Diluting the thing that make you money to sink into something that is so unlikely to make money seems like the kind of thing that will make the kids will start looking up power of attorney on the internet. 

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7 minutes ago, Fan Boy said:

I agree with you. This seems like a ridiculous use of money. Diluting the thing that make you money to sink into something that is so unlikely to make money seems like the kind of thing that will make the kids will start looking up power of attorney on the internet. 

But this has been Vince's dream for ages. It's not the most financially prudent thing to do, far from it, but it is his money and it is his dream. 

And, frankly, I love the fact that Vince didn't learn his lesson the first time and is bound and determined to fail once again. 

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Vince has tons of money.  As the Forbes article details, he has a lot of stocks, bonds etc.  Because he makes a lot of cash.  Millions and millions per year cash from salary, bonuses, dividends, investment income.  Does he keep half a billion in small bills under his mattress?  Probably not.  But he easy access to loads of cash.

He sold shares to invest in the XFL which is a normal thing for rich business people to do.  He still owns more shares than anyone else.  Billions of dollars worth.  He's going to be okay.  Plus, WWE is doing a stock buy back and Im sure he'll end up gaining plenty of stock options.

He's 73.  This is a bucket list thing for him.  His wealth is not completely tied to WWE because while Im sure he's pretty smart about money, he surely has a lot of even smarter accountants and money managers.

He didnt blink when spending, what, $50 million on Linda's political career?  $100 million on the XFL?  He's fine.

WWE stock actually increased a lot since his sell off and will continue to do so with the new TV contracts so his wealth continues to grow.   WWE has virtually nothing to do with the XFL other than sharing some office people and the owner of the XFL is the CEO of WWE.  They are separate entities unlike the first go around when the XFL was owned by the WWE and NBC.

If Vince isnt wealthy, I wish I was as unwealthy as him.

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46 minutes ago, WBBFanWest said:

Oh sorry, I just assumed that a joke would be funny.  My bad...

The bigger a sense of humour a person has,  the more jokes they will get.  It is something that a person can work on as well,  so it's all good. 

 

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2 hours ago, NorthernSkunk said:

The bigger a sense of humour a person has,  the more jokes they will get.  It is something that a person can work on as well,  so it's all good. 

 

Hopefully it works the same way with sarcasm, so yea, good luck with that...

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Dave Meltzer provided some info from a lawsuit filed against the AAF and the info is....something else!

Robert Vanech filed suit claiming the idea for the AAF was his and he wants 50% ownership and acknowledgment as creator.  He detailed the original plans.

The documentary about XFL which was a romanticized version, made by Charlie Ebersol was designed to kick start the new league.  The plan was NOT to create a new league but to BUY the XFL rights from Vince for $50 million (wtf).  Further, they intended to sell TV rights to Vince to air on the WWE Network (huh).

They met with Vince and he decided that if other people thought the XFL was worth $50 million and that a spring league was a good idea, then he should do it himself.  Vince rushed his press conference early with no plans so as to beat the AAF presser.

And while Vince made a big deal at that presser that no players would kneel during the anthem, they recently talked to Colin Kaepernick about playing for the XFL.  But Kap wanted $20 million and that was that...

XFL should be announcing their TV deals shortly and the hint is that there will be 4 games per weekend and all of them will be nationally aired with 2 on network and 2 on wide distribution cable.

AAF's plan was to go into markets that did not have the NFL so they'd be the big football draw.  XFL's plan is to go into major media markets where they can draw more money for TV rights.

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22 minutes ago, The Unknown Poster said:

Dave Meltzer provided some info from a lawsuit filed against the AAF and the info is....something else!

Robert Vanech filed suit claiming the idea for the AAF was his and he wants 50% ownership and acknowledgment as creator.  He detailed the original plans.

The documentary about XFL which was a romanticized version, made by Charlie Ebersol was designed to kick start the new league.  The plan was NOT to create a new league but to BUY the XFL rights from Vince for $50 million (wtf).  Further, they intended to sell TV rights to Vince to air on the WWE Network (huh).

They met with Vince and he decided that if other people thought the XFL was worth $50 million and that a spring league was a good idea, then he should do it himself.  Vince rushed his press conference early with no plans so as to beat the AAF presser.

And while Vince made a big deal at that presser that no players would kneel during the anthem, they recently talked to Colin Kaepernick about playing for the XFL.  But Kap wanted $20 million and that was that...

XFL should be announcing their TV deals shortly and the hint is that there will be 4 games per weekend and all of them will be nationally aired with 2 on network and 2 on wide distribution cable.

AAF's plan was to go into markets that did not have the NFL so they'd be the big football draw.  XFL's plan is to go into major media markets where they can draw more money for TV rights.

This would explain why the XFL is a year behind. 

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8 hours ago, The Unknown Poster said:

Dave Meltzer provided some info from a lawsuit filed against the AAF and the info is....something else!

Robert Vanech filed suit claiming the idea for the AAF was his and he wants 50% ownership and acknowledgment as creator.  He detailed the original plans.

The documentary about XFL which was a romanticized version, made by Charlie Ebersol was designed to kick start the new league.  The plan was NOT to create a new league but to BUY the XFL rights from Vince for $50 million (wtf).  Further, they intended to sell TV rights to Vince to air on the WWE Network (huh).

They met with Vince and he decided that if other people thought the XFL was worth $50 million and that a spring league was a good idea, then he should do it himself.  Vince rushed his press conference early with no plans so as to beat the AAF presser.

And while Vince made a big deal at that presser that no players would kneel during the anthem, they recently talked to Colin Kaepernick about playing for the XFL.  But Kap wanted $20 million and that was that...

XFL should be announcing their TV deals shortly and the hint is that there will be 4 games per weekend and all of them will be nationally aired with 2 on network and 2 on wide distribution cable.

AAF's plan was to go into markets that did not have the NFL so they'd be the big football draw.  XFL's plan is to go into major media markets where they can draw more money for TV rights.

Former Seattle Seahawk & Blue Bomber quarterback Jim Zorn is the new GM & Head Coach of the XFL team in Seattle. It was announced this week.

https://www.washingtonpost.com/sports/2019/02/25/hip-hip-hooray-jim-zorn-lands-another-job-leading-seattles-xfl-franchise/

 

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6 minutes ago, gcn11 said:

50 million for the rights to the name XFL....lmao....does anyone out there still think that Ebersol and Polian are good businessmen.

What's doubly great is that by probing Vince, they actually brought him back into the fold, creating competition. 

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