Vince McMahon Set To Make Substantial Profit After WWE Releases

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WWE needed to make some drastic moves in the company as they laid off around 40% of their staff. Hundreds of people are out of work not including the many Superstars and producers who were released.

We previously reported that WWE’s shareholders are set to receive payouts in July. The company’s stock is also looking much more attractive to buy at this point.

Vince McMahon owns a lot of WWE stock and after the dividends are distributed in July Ringside News‘ Wall Street source tells us that McMahon will bank a good payday.

“Vince is getting a 7 figure dividend check out of this he’s getting at least $1 million of the $5 mill”

WWE cut a lot of money from their budget, but a majority of that was holding off on plans to move their Stamford HQ. They saved around $8 million with all of the on-air talent they released.

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