WWE reportedly sold more than 2 Million of their shares just before the alleged Vince McMahon hush

WWE reportedly sold more than 2 Million of their shares just before the alleged Vince McMahon hush

WWE sold millions of stocks before the Vince McMahon's story broke out

The Vince McMahon story has been a trending topic ever since WSJ exclusively broke out the news regarding McMahon’s alleged involvement in paying an amount of $3 million for settling an illegal affair with a former female employee.

The Board members of WWE had been constantly investigating Vince McMahon and toiling hard to snatch each and every evidence they could retrieve from the internal documents against the Chairman.

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Brandon Thurston of Wrestlenomics have reported that more than 2.1 Million stocks of WWE share have been exchanged yesterday which is about 1.5 million more than the average exchange rate of the daily schedule. This all happened moments before the Wall Street Journal broke out the scandal and after the markets got closed. Thurston also noted that a section from the code of conduct is worth reading. You can check out his tweets regarding the same below –

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One of the possible reasons behind this increased share exchange pointed out by Thurston is the increased target price being raised by Morgan Stanley yesterday for WWE which might have contributed to this.

As the time passes by, more details regarding the scandal will be emerged which will clarify the whole situation a lot more than what is currently been standing at. Well, it doesn’t seems like this story hasn’t created any sort of havoc within Vince McMahon and John Laurinitis as both are reportedly scheduled themselves for the upcoming taping of Friday Night Smackdown per Dave Meltzer on his Wrestling observer newsletter.

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Vince McMahon is being said to be in the biggest threat for losing his powers after this scandal in WWE

Vince McMahon scandal
Vince McMahon made his in-ring return recently at Wrestlemania 38

After WSJ broke out the story, various media outlets started reporting about the potential after effects Vince McMahon could face due to the aftermath of the currently ongoing investigation being undertaken by the WWE board members.

FightfulSelect exclusively reported that Vince McMahon has landed himself in a serious threat of losing his powers in WWE, even the most prone in the last three decades after that steriod trial, the report added.

Vince McMahon has been actively involved on WWE programming for a good part of 2022 starting with appearing in various backstage segments with the current United States Champion Theory to having a match against Pat McAfee at this year’s Wrestlemania which he wrestled at a shocking age of 76 years.

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