You have likely heard the rumors about Vince McMahon potentially bringing back the XFL. In a new development, Chris Harrington brought to light that Vince has sold 3.34 million shares of WWE to fund his “Alpha Entertainment LLC”. This equals out to about $105 million+ USD at the current stock price.

WWE’s statement on the sale insists that Vince is staying in his current role with WWE and has no plans to sell other shares.

“On December 21, 2017, Vincent K. McMahon (“Mr. McMahon”), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the “Company”), sold 3,340,000 shares of the Company’s Class A common stock in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended. Mr. McMahon executed the sale primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including professional football. Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future. 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. 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”

Related: 10 Of The Funniest Vince McMahon Stories

In related news, Vince’s ‘Alpha Entertainment’ has recently filed for 5 XFL trademarks:

Vince McMahon’s Alpha Entertainment has filed for five trademarks to “XFL.” — Darren Rovell (@darrenrovell) December 21, 2017

Things are certainly heating up.