WWE’s Vince McMahon may be ready to challenge NFL again

World Wrestling Entertainment Inc. Chief Executive Vince McMahon may take another shot at pro footbal, according to an ESPN report Thursday. Citing SEC filings, ESPN said McMahon has recently sold about $100 million in WWE stock “to explore investment opportunities across the sports and entertainment landscapes, including professional football.” In 2001, McMahon formed a rival to the National Football League — the XFL, a joint venture with NBC that flopped and lasted only one season. 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.” 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.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply