WWE reveals a minority stake in Alpha Entertainment

Originally published at https://www.postwrestling.com/2018/05/04/wwe-reveals-a-minority-stake-in-alpha-entertainment/

In the WWE’s 10-Q filing, it was revealed that the company has acquired a minority stake in Vince McMahon’s Alpha Entertainment startup.

The WWE, which still had control of the XFL trademark, has granted Alpha Entertainment the rights to use the XFL name in exchange for a minority stake in Alpha Entertainment without payment for the equity.

The filing states that they believe the XFL will launch in early 2020 with the deal being made earlier this month on April 3rd.