Vince McMahon continues to tease XFL return

Vince Mc Mahon Just Cashed In Heaps Of WWE Stock To Fund A Football League

The money is being funneled to Alpha Entertainment LLC, a company McMahon has established to explore additional investment opportunities in sports and entertainment.

McMahon previously ran the XFL, which lasted just one season (2001) and lost his company and broadcast partner NBC a total of $US138 million.

Reports from Brad Shepard and David Bixenspan earlier this week showed that McMahon had created Alpha Entertainment and registered multiple trademarks, including for "UrFL" (as in Your Football League), "United Football League", "UFL" and "For the love of football". While the NFL is the dominant league in U.S.pro sports, its attendance and TV ratings have fallen in recent years, perhaps providing an opportunity for a rival league to gain traction. "Previous XFL trademarks were abandoned over a period of time from 2002 to '05". Rovell also reported that McMahon sold 3.34 million in WWE stock worth about $100 million.

The shares sold by Mr. McMahon represent approximately 4.3% of the Company's total outstanding shares of Class A and Class B common stock.

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McMahon recently filed five trademarks for the XFL, and according to Darren Rovell of ESPN, the trademarks were filed on December 16.

"After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company's Class B common stock, which represents approximately 82.8% of the Company's total voting power and approximately 41.8% of the Company's total outstanding shares of common stock", the official legalese from SEC reads.

WWE released the following report today informing stockholders that McMahon has no intention of selling any more stock and will continue as the company's Chairman and CEO.

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