WWE chairman Vince McMahon has reportedly sold a total of 3,204,427 WWE shares, worth an estimated $272 million, in order to fund the XFL, according to the organization's SEC filing that surfaced .
The SEC filing states:
"The shares sold by Mr. McMahon represent approximately 4.1 percent of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 28,682,94 shares of the Company’s Class B common stock, which represents approximately 80.1 percent of the Company’s total voting power and approximately 36.8 percent of the Company’s total outstanding shares of common stock."