Vince McMahon's position in WWE after selling 3.34 million shares

Vince McMahon's position in WWE after selling 3.34 million shares

Vince McMahon's position in WWE after selling 3.34 million shares

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

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A WWE spokesman confirmed last week to Deadspin that McMahon has created a separate entity called Alpha Entertainment and it will look at new investment opportunities including football.

According to ESPN's Darren Rovell, the company also sought to trademark "URFL", furthering the belief that McMahon is plotting on an alternative football league.

It should also be noted that this report from Rovell came on Thursday not too long after it was revealed McMahon had sold many of his WWE shares to help fund his new Alpha Entertainment group.

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Financial terms weren't disclosed, though its likely UMG was the beneficiary of a whopping advance. The deal will also include Instagram and Oculus .

"World Wrestling Entertainment filed details with the U.S. Securities and Exchange Commission that McMahon, chairman and CEO, sold 3.34 million shares of the company, which equaled 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.

The planned return of the XFL has already affected WWE stock and could lead to further backlash on the stock market if the defunct league is revived.

Though the XFL failed spectacularly -- it debuted in 2001 and folded after just one season -- there appears to be an opening for another pro football league.

"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.

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