“We estimate management negotiated a +50% increase on the Company’s domestic TV rights Fees with NBCUniversal, meaningfully below the guided multiple of 2X to 3X,” wrote Benchmark analyst Mike Hickey in a note Friday morning. Quoting Hulk Hogan – ”To all my little Hulkamaniacs, say your prayers, take your vitamins and you will never go wrong”
It is a bad day for investors in this legitimate sporting enterprise.
You could say they’re Raw from a Smackdown.
Back to where it was 6 months ago.
Ran it up on takeover chatter lol
Yahoo ran a story on this today. Poor Vince McMahon has seen his wealth fall to $750 million. He’s not even a billionaire anymore. Pretty soon he’ll be in the poorhouse.
I would have cashed out long ago if I was McMahon. Wrestling will never hit it’s 90s - early 2000s highs.
^ Wrestling isn’t just an investment for him, it’s his life. He’d rather be associated with it than be a billionaire and not be in it.