WWE’s McMahon Willing to Leave as Sales Hit Record $1.2 Billion
Vince McMahon will step away from World Wrestling Entertainment if it maximizes shareholder value in any future deal, the company told analysts in a call detailing its…
Stocks
Betting Stocks Soar as Wall Street Sees Value and Main Street Bets
Sports betting stocks have soared to open the year, with pack of long beaten-down companies—DraftKings, Genius Sports , Sportradar, Caesars Entertainment—all gaining…
Buffett-Loving Fund Manager Sees Big Bets on WWE, ManU Paying Off
WWE and Manchester United share a common feature: One of their largest shareholders is a quiet English fund manager who loves beer and candy, and readily quotes Warren…
WWE’s McMahon May Flip From Hero to Heel If He Doesn’t Want to Exit
For 40 years, Vince McMahon has been in complete control of World Wrestling Entertainment. Since buying the company from his father in 1982, he’s dictated details…
WWE Hires Raine Group to Help With Potential Sale
World Wrestling Entertainment has retained boutique investment bank Raine Group to aid in exploring strategic alternatives, including a sale of the company. Raine…
Vince McMahon’s WWE Sale Would Body Slam UFC
When Vince McMahon not-quite-voluntary resigned from WWE last summer, Wall Street began suggesting World Wrestling Entertainment should be sold. But, the consensus…
Genius Sports Stock Poised for 2023 Growth, Needham Analyst Says
Sports data and analytics firm Genius Sports is the top stock pick for 2023 by Needham & Co. and equity analyst Bernie McTernan, who says shares of the company could…
WWE Shares Spike Amid Vince McMahon’s Return, Sale Speculation
WWE shares leapt 21% Friday to a three-year high as founder Vince McMahon jumped back into the ring. But it’s not just the presence of McMahon that has Wall Street…
Vince McMahon Jumps Back in WWE Ring to Pursue Sale
In a move that seems straight out of WrestleMania, ousted World Wrestling Entertainment founder Vince McMahon has jumped back into ring, intending to return to the…
Team Stocks Shine Reflecting Private Market as 2022 Humbles Shares
Publicly traded teams were among the handful of sports shares to post gains in 2022, reflecting the hot private market for franchises in a year that otherwise saw…
Jerry Jones and John Goff Merging Esports Venture Onto Nasdaq
Gamesquare, an esports venture by Dallas billionaires Jerry Jones and John Goff, is moving to the Nasdaq stock market amid a deal to acquire Engine Gaming and…
Man United’s Best Week Ever Powers Sports Index Higher in November
The Glazer family disclosing its willingness to sell Manchester United (MANU) sparked the club’s stock to its best week ever—a 70% share price rally that added more than…
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