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WWE Shareholder Sues Vince McMahon And WWE Over XFL

A World Wrestling Entertainment Inc.(WWE) shareholder is suing Vince McMahon and the WWE over the XFL. They want access to records that detail the company’s involvement with the new XFL.

From Bloomberg Law;

“The lawsuit, filed Dec. 26 in Delaware Chancery Court by an Oklahoma firefighters pension fund, claims there is “a credible basis to believe” that McMahon and other WWE senior officers breached their duties to investors by diverting valuable resources to the XFL.”

“The suit also suggests that the company’s board members may have failed to conduct appropriate oversight to ensure McMahon didn’t engage in transactions that conflict with WWE’s interests.”

Just because a person files a lawsuit doesn’t mean it has merit. It could be thrown out after a judge looks at it or the judge feels there is something to look into further.

XFL News Hub will keep an eye on this lawsuit and provide any details when we hear.

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Mark Perry, a passionate sports journalist and the founder and editor of XFL News Hub, has been at the forefront of covering the XFL since its revival in 2018. Within days of the XFL's announced return, Mark initiated XFL News Hub to keep the fans abreast of every detail, game, and development of the league. Mark's extensive knowledge of the sport, combined with his unwavering dedication to providing comprehensive and accurate reporting, has made XFL News Hub the go-to platform for all things related to the XFL. His work over the years has brought him recognition in the world of sports journalism, solidifying his place as a leading voice in XFL coverage. Beyond just reporting, Mark believes in fostering a community around the XFL, engaging fans through his innovative content and discussions. If you have any inquiries, comments, or insights you'd like to share, Mark welcomes you to contact him directly at mark.perry@xflnewshub.com.

4 Comments

4 Comments

  1. Minh Dang

    December 27, 2019 at 3:50 pm

    It might not have any merit, but it will add fuel to the fire of those who blame Vince McMahon for ruining wrestling.

    Reply

  2. buhshaunnnn

    December 28, 2019 at 2:38 pm

    If they are worried why don’t they just invest into the XFL lol

    Reply

  3. Mister

    December 28, 2019 at 7:31 pm

    Reality is that Vince McMahon sold some of his shares in WWE to fund XFL 2 & that money is his to do what he wants separate from WWE, just like Jeff Bezos & Elon Musk are doing with their space companies

    Reply

  4. Benny's Effword

    December 28, 2019 at 7:35 pm

    If it does have merit, it will sting all the more when the XFL inevitably crashes & burns again. It didn’t work when people were watching Vince’s wrestling product faithfully…why would it now?

    Reply

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