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WWE Sold To Endeavor, Will Merge With UFC


SaitoRyo

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2 hours ago, air_raid said:

I'm still waiting on hearing some stories that tell us what a good brain for the business Hunter's become, like all those famous road trip stories where Chico gave Shawn or Kev the best advice of all time off the top of his head. The closest I've heard is when they wanted to have RVD beat him to become the first new World Heavyweight Champion on Raw when they were going to throw the Undisputed title into dispute, and Hunter told them it would get him more heat if they just presented him the belt on Raw on a whim of Bischoff beforehand. Which makes a lot of sense, but he did it for selfish motives. And in the end, didn't end up putting RVD over at all.

Difference is HHH was a worker with his own best interests at heart then. Now he's not.

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Or, you know, instead of waiting to hear all these stories before making a judgment how about judge how the product has been the last year or so and how everything is ticking upwards and the character development and storylines have created an interest and buzz in WWE not seen for years, smashing attendance records all over the place, ratings up and generally a feel good feeling around the place and company.

Now Triple H obviously isn't responsible for all of it, however it simply cannot be denied that since he has been more heavily involved in creative, and hell from when Vince left until Endeavour came in he was in charge of the whole company, business has been amazing. He clearly knows what he's doing and has done a fantastic job. He's the fucking man.

Edited by Doog
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10 minutes ago, Doog said:

(some presumptions)

At no point did I make any judgments about the product or deny what you purport. Go back and read what my good friend wrote, and what I replied. You’re arguing against something that nobody said.

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5 hours ago, air_raid said:

I'm still waiting on hearing some stories that tell us what a good brain for the business Hunter's become, like all those famous road trip stories where Chico gave Shawn or Kev the best advice of all time off the top of his head. The closest I've heard is when they wanted to have RVD beat him to become the first new World Heavyweight Champion on Raw when they were going to throw the Undisputed title into dispute, and Hunter told them it would get him more heat if they just presented him the belt on Raw on a whim of Bischoff beforehand. Which makes a lot of sense, but he did it for selfish motives. And in the end, didn't end up putting RVD over at all.

Yeah, the Reign of terror isn't his finest hour, but I remember some interviews where either Hunter himself, or the people being interviewed mentioned how Hunter would always want to try and work out how to best present everything, and there'll be little doubting that after he married Steph he'll have been around Vince a lot, watching and learning from him.

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8 hours ago, Loki said:

The idea that Vince has been "had" in some way is just... the guy has just banked an insanely large cheque, still has a very high level job. 

I guess it depends on what you consider an insanely large cheque. Besides a bonus from WWE on the sale and the one-off $3.86 dividend he didn't profit from the merger. The only money involved was Endeavour dumping the billions of debt from buying the UFC into the new company and off their books.

Vince doesn't seem to think it was enough otherwise he wouldn't have taken out a $85m loan to be repaid in 6 months. Only a couple of weeks before he would bank $111m in the one-time only dividend. That's quite the payday loan.

Then between TKO's opening stock price to now, he's also seen about $500m chalked off his shareholding's value.

Edited by Infinity Land
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8 hours ago, Infinity Land said:

Vince doesn't seem to think it was enough otherwise he wouldn't have taken out a $85m loan to be repaid in 6 months.

You do realise this is just how rich people live, right? They borrow against their wealth, and can then deduct the loan repayments from their tax return. You even point out yourself it’s convenient timing because it’s exactly that: a way to reduce the amount of tax paid on that lump sum once it comes to the end of the year.

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20 hours ago, Loki said:

The idea that Vince has been "had" in some way is just... the guy has just banked an insanely large cheque, still has a very high level job.  He's not an idiot, he's been doing this for years.  He knew when he sold the company that it was the end of one way of working.

This would be true if it was a normal merger, but the way Vince forced himself back into the company after the board had unanimously voted against it (his daughter included) suggests Vince had to get some new owners in lest he be frozen out.

In that light, the Endeavour sale was the lesser of two evils for Vince in terms of power, rather than a straightforward cashing out. If not for the board mutiny you’d never have seen Vince dilute his own power to such an extent.

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4 hours ago, Your Fight Site said:

You do realise this is just how rich people live, right? They borrow against their wealth, and can then deduct the loan repayments from their tax return. You even point out yourself it’s convenient timing because it’s exactly that: a way to reduce the amount of tax paid on that lump sum once it comes to the end of the year.

Backed up by examples other major shareholders doing the same this time around or Vince having a history of taking loans out against his WWE shareholding?

Edited by Infinity Land
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2 hours ago, Infinity Land said:

Backed up by examples other major shareholders doing the same this time around or Vince having a history of taking loans out against his WWE shareholding?

You think Vince is the only person who wants to pay as less tax as possible? If shareholders are getting a windfall, they don’t want to pay a lump sum of it away in tax.

A quick Google: https://www.linkedin.com/pulse/5-ways-rich-people-make-money-debt-habeeb-mahmood/

It’s what rich people do. Elon Musk does it. Jeff Bezos does it. Rich people don’t stay rich by paying taxes on income and capital gains like “normal” people do.

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  • 4 weeks later...

Looks like Vince is about to make an extra $714,000,000 based on current share price. 

Wonder what the horrible bastard's getting himself for Christmas. 

Edited by Gay as FOOK
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5 hours ago, Snitsky's back acne said:

After seeing recent pictures of him I honestly think he's dying. He really doesn't look well.

Nah, he might be a physical wreck structurally but if you can handle long haul flights to the Middle East just to watch the boxing you’re doing alright.

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6 minutes ago, d-d-d-dAz said:

Nah, he might be a physical wreck structurally but if you can handle long haul flights to the Middle East just to watch the boxing you’re doing alright.

He won't have been squashed into economy. Billionaires taking long haul flights can lay in a bed and get grapes hand fed to them the entire way if they want. 

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