WWE owner Vince McMahon’s £2.8m dividend payout could have covered released stars’ salaries for FIVE months – The Sun
WWE have reportedly paid their shareholders a stock dividend that could have covered the recently-released superstars salaries for a year.
And the company’s CEO Vince McMahon’s payout was worth £2.8million – which could have covered those wages for around FIVE MONTHS alone.
That is according to a report from Bleeding Cool, who say the regular quarterly stock dividend was paid out to all Class A and Class B shareholders.
It equalled around 9.6p per share, which means a huge £7.53m was dished out to owners who had around 78 million shares.
That would have netted McMahon the £2.8m based on his most-recent recorded share total in WWE.
Wrestling Observer’s Dave Meltzer claimed WWE were due to save around £563,000 each month after their huge staff cut.
Based on those figures, the company could have paid those who were released their full salaries until April 2021, with the billionaire McMahon’s windfall able to cover at least five months.
A host of wrestlers and off-screen talents, including Kurt Angle, were released by the company amid the financial uncertainty caused by the coronavirus outbreak.
McMahon also released Rusev, Luke Gallows, Karl Anderson, No Way Jose, Zack Ryder, Curt Hawkins, Sarah Logan and many more due to the pandemic.
And English star Drake Maverick also broke down in tears after getting the dreaded news.
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