That’s a lot. No matter what you think of them, there is no denying that the McMahons are the most powerful family in wrestling. Not only is Vince McMahon the most important person in all of wrestling, but his family has quite a bit of stroke of their own. Triple H is likely to become the next boss of the entire company and Stephanie McMahon has been a major television character on and off for twenty years. Now though, Stephanie is doing something rather interesting behind the scenes, right in front of everyone’s eyes.
One of the reasons the McMahons are as powerful as they are is the family owns so much of the company’s stock, including the voting power stock. As a result, almost no one is going to be able to do anything to come close to touching their authority over WWE for years to come. That being said, some other people do own some pieces of the company and now they can own a lot more.
According to an SEC filing, Stephanie sold 57,573 shares of her common stock on Monday for a total profit of $2,255,710.14, meaning an average cost of a little over $39 per share. Those shares are roughly forty percent of the shares that she owned in the company. This comes after Stephanie sold about 11,000 shares of her stock in July. There is no word on why she sold the stock, which is currently at its lowest point since late April.
She has done a lot. Check out some of what Stephanie has done:
Opinion: I have no idea why Stephanie sold her stock and really, it could have absolutely nothing to do with her present or future in WWE. Maybe she just wanted to have a bunch of cash on hand to do something and that’s entirely her business. It isn’t like losing that much of the stock is going to matter in the long run, but it is interesting that she has sold off that much in so little time.
What do you think of Stephanie? Do you want her back on TV? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 50,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 5,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books. Get the latest and greatest in professional wrestling news by signing up for our daily email newsletter. Just look below for “GET EXCLUSIVE UPDATES” to sign up. Thank you for reading!