WWE Chairman and CEO Vince McMahon continues to sell his stock in the company as it's now been revealed that he sold 3,204,427 shares of the Company’s Class A common stock yesterday.
Apparently, he did so to "fund a separate entity from the Company, Alpha Entertainment LLC "Alpha")," which is the parent company of XFL.
McMahon has so far sold tens of millions of dollars worth of stock to fund Alpha Entertainment and he's clearly determined to make a go of XFL after it failed the first time around. He obviously still owes a huge amount of WWE stock but it seems as if football could be his primary focus soon.
The XFL is being relaunched in 2020 and will include Dallas, Houston, Los Angeles, New York, St. Louis, Seattle, Tampa Bay, and Washington, DC.