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Would The Mcmahon Family Ever Sell WWE?

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    Posted: 02/April/2014 at 15:40
Quote From Jim Ross Website

    the tennessee stud Asks: JR, we read that story in the NYTimes business section today where you are quoted. One other quote caught our attention, the one where it says "Mr. McMahon, 68, controls the company, and his ambitious WWE Network could be his final act in charge, industry watchers say. " What have you heard on the grapevine? Is Vince McMahon really ready to retire and sell the WWE to an outside entertainment corporation? Now you know we've seen pretty clearly that when non-wrestling corporations try to run wrestling promotions, that things don't tend to go well. Should WWE fans want this to happen? If we owned WWE stock would you advise us to sell it?
    J.R.'s Answer:

    I think McMahon will run WWE until he dies and he's healthy as a horse and could live to be 100.


It's not very likely because he'd want the company to forever stay inside his family name.

However the world has alot of wealthy billionaires out there who have a love of buying into sport & entertainment industries for an hobby.

Be interesting if one day one of the richest people in the world offered Vince a billion say.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LennyComa Quote  Post ReplyReply Direct Link To This Post Posted: 02/April/2014 at 16:16
HELL NO. Not a fucking chance. I don't think even a billion would make vince consider it.

He sees it as his families Legacy and his Family is set for several Generations now.

The only way WWE would leave the McMahon/Levesque family is if a future McMahon/Levesque died Childless
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote HBKDX97 Quote  Post ReplyReply Direct Link To This Post Posted: 02/April/2014 at 19:58
Conventional logic would say no, but I think its a possibility. Vince has said in the past that his father made him buy the company before he took over. I can see Stephanie, Shane, or whoever having to earn it before officially taking over.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Steven Nyte Quote  Post ReplyReply Direct Link To This Post Posted: 02/April/2014 at 20:24
They would sell it within the family, yeah, like Russ said. Outside? Boi, someone would have to put up a LOT of money for that to even being thought about. Like more money than the WWE would make in the next 50 something years plus it´s current worth. So, realistically, while the McMahons probably would sell it, nobody´s got the money to pay their price.
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Post Options Post Options   Thanks (2) Thanks(2)   Quote Raven Quote  Post ReplyReply Direct Link To This Post Posted: 03/April/2014 at 05:08
None of them need the money, that entire family is loaded. Vince himself from being majority stockholder, Linda for the same reason, Shane for various corporate ventures outside wrestling, Steph for working behind the scenes for like 15 years plus considerable stock, and Hunter from being one of the biggest stars in the industry for 10-15 years. They don't need to sell it because they all have more money than they can spend.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote John The Baptist Quote  Post ReplyReply Direct Link To This Post Posted: 03/April/2014 at 08:43
Most their net worth is tied up in shares and stock, and they spent a shit ton on flop movies and Linda's failed attempt to take over the world (or at least Connecticut), plus WWE as a company isn't half as profitable as other companies their size.

Vince went against his fathers wishes numerous times and invaded other territories, I don't think he'd care about legacy or anything if say Disney offered him a billion for the company.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote IDIOTdella Quote  Post ReplyReply Direct Link To This Post Posted: 03/April/2014 at 11:52
I don't think VKM will ever sell WWE. He may have gone against his Father''s wishes but I think that's only because they had differing visions of the future of Pro-Wrestling - I think VKM does have a passion for Legacies, especially for his own and his Father's and I think that's why he would never sell

I think one of the biggest mistakes VKM ever did was to choose HHH and Stephanie over Shane as the heir to his Company because I think Shane has the imagination to take the WWE in another fresh direction, much like VKM did when his father left him the company - HHH doesn't have that vision and I think is one of the main reasons why the WWE hasn't progressed that much since about 2004

So, as said, nah, VKM won't ever sell the WWE and I can't see the WWE going out of business, but I do see them losing ground on other companies in the future if HHH and Stephanie are kept at the top for too long





Edited by IDIOTdella - 03/April/2014 at 11:52
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Raven Quote  Post ReplyReply Direct Link To This Post Posted: 03/April/2014 at 12:06
Even if 95% of Vince McMahon's wealth was tied up in stock, he'd still have $40 million cash, which is no small sum. The lot of them all have high-paid jobs that I would imagine come with huge bonuses, stock is just a fun way to look rich, while at the same time actually being really rich.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote thundarr2000 Quote  Post ReplyReply Direct Link To This Post Posted: 03/April/2014 at 19:10
Originally posted by admin admin wrote:

It's not very likely because he'd want the company to forever stay inside his family name.
Wrong. If anything, he wants the company to stay in the family forever.

Originally posted by HBKDX97 HBKDX97 wrote:

Conventional logic would say no, but I think its a possibility. Vince has said in the past that his father made him buy the company before he took over. I can see Stephanie, Shane, or whoever having to earn it before officially taking over.
In that day selling a family business to another family member was fairly common. It's doubtful that Vince Sr. had any sort of pension or retirement fund. So Vince Jr. buying him out was really financing his father's retirement. Plus it's unlikely that Jr. had to pay fair-market value for the company either.


Originally posted by IDIOTdella IDIOTdella wrote:

I think one of the biggest mistakes VKM ever did was to choose HHH and Stephanie over Shane as the heir to his Company because I think Shane has the imagination to take the WWE in another fresh direction, much like VKM did when his father left him the company - HHH doesn't have that vision and I think is one of the main reasons why the WWE hasn't progressed that much since about 2004
Vince didn't pick Steph & Trips over Shane. There's numerous accounts that Vince had always wanted Shane to take over after him. But Shane didn't want the company. He left to try his hand in business ventures that weren't based upon nepotism. Ironically, now that Shane has all this corporate experience outside the WWE, he's probably far more qualified than Steph & Trips to handle the big business end of things.

Trips & Steph have their own creative vision (regardless if anyone agrees with them). The real cloud of doubt over them is their business acumen. All of their corporate business experience comes strictly within the company. They have no outside experience to bring to the table.

Originally posted by Raven Raven wrote:

None of them need the money, that entire family is loaded. Vince himself from being majority stockholder, Linda for the same reason, Shane for various corporate ventures outside wrestling, Steph for working behind the scenes for like 15 years plus considerable stock, and Hunter from being one of the biggest stars in the industry for 10-15 years. They don't need to sell it because they all have more money than they can spend.
Actually they all sell WWE stock frequently. It's just they don't sell huge amounts of stock. The family reportedly still holds about 70% of the available stock (down from 80%). But... the McMahon Family holds 96% of the voting power. Buying stock in WWE does NOT given stockholders any creative input. 

 



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Post Options Post Options   Thanks (0) Thanks(0)   Quote IDIOTdella Quote  Post ReplyReply Direct Link To This Post Posted: 03/April/2014 at 21:01
Originally posted by thundarr2000 thundarr2000 wrote:

Vince didn't pick Steph & Trips over Shane. There's numerous accounts that Vince had always wanted Shane to take over after him. But Shane didn't want the company. He left to try his hand in business ventures that weren't based upon nepotism. Ironically, now that Shane has all this corporate experience outside the WWE, he's probably far more qualified than Steph & Trips to handle the big business end of things.

The accounts I've read are Shane going to Vince McMahon with ideas on how to add other elements other than wrestling into the Company and them all being shot down in flames, hence his leaving when he did the first time to explore other avenues

Originally posted by thundarr2000 thundarr2000 wrote:

Trips & Steph have their own creative vision (regardless if anyone agrees with them). The real cloud of doubt over them is their business acumen. All of their corporate business experience comes strictly within the company. They have no outside experience to bring to the table.

I don't think Steph or Trips have any kind of "own" vision at all - they've baiscally rehashed all the stuff that's been done before without any kind of fresh creative approach to it - I think the company has more or less been in limbo for the last ten years, luckily there;s been two generations of five years olds in those ten years to get excited over the rehashed creative storylines
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