WWE filed their quarterly SEC report to the Securities and Exchange Commission of the United States Government. The company revealed information about ownership and voting control as well. This included the number of shares held by Vince McMahon and the rest of the McMahon family.
WWE shareholder information revealed
Wrestling economics isn’t everyone’s cup of tea. However, running the largest wrestling company in the world has led to Vince McMahon revealing a lot of WWE’s financial statements as public information. Currently, WWE’s stock price sits at $54.23 as stated on their website.
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Brandon Thurston of Wrestlenomics.com revealed crucial information about WWE’s shareholders. According to him, the McMahons own class B shares, which give them ten times more voting power than other shareholders. These class B shares can only be transferred to Vince and Linda McMahon’s descendants, i.e. Stephanie and Shane McMahon.
WWE ownership and voting control based on information in the company's latest proxy statement.
Annual reminder McMahons own class B shares that give them 10x voting power. Class B shares can only be transferred to descendants of Vince and Linda. All others hold class A shares. pic.twitter.com/SoXvR3prnC
— Brandon Thurston (@BrandonThurston) April 24, 2021
Having multiple classes of shareholders is not unique to WWE. Founders of Facebook and Google, for example, are also class B shareholders of their companies.
— Brandon Thurston (@BrandonThurston) April 24, 2021
Paul Levesque, aka Triple H, Vince’s son-in-law, owns 67,571 class A shares, valued at $3.7 million. These class A shares aren’t like class B, which the McMahons own.
What is shocking is Shane McMahon used to own over a million class B shares but hasn’t been listed as a shareholder since 2013? Rumour has it that he sold his stock a while ago.
According to Thurston’s assessment, Vince owns 38% of the shares and 81% of the voting units. Other major shareholders include Lindsell Train Limited, The Vanguard Group, Stephanie McMahon, and Linda McMahon.
You can read all of WWE’s financial statements, including annual reports and SEC filings here.
Community outreach programs
WWE is often in the public’s eye because of their popularity and community programs. They remain very involved in local initiatives that’ll boost their profile and result in higher returns.
WWE takes their community outreach programs seriously, and they often involve some of the biggest names in wrestling history.
The first high-profile initiative was the Be-A-Star campaign, which dealt with bullying. While some call it a hypocritical initiative given the treatment to certain athletes, the campaign went a long way in attempting to rid schools of bullying. The other campaign WWE started is the partnership with Susan G. Komen in the fight against breast cancer.
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Along with these initiatives, people like Titus O’Neil work at the grassroots level to ensure underprivileged children aren’t homeless or starving. John Cena has granted over 500 wishes as a part of the Make-A-Wish foundation.
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WWE’s partnership with the Special Olympics is another crucial part of WWE’s expansion and efforts in stamping their claim as a philanthropic organization.
Read More: The Controversial Moment When Vince McMahon Won the 1999 Royal Rumble Match