3.3. Who currently owns and runs the WWF?
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This article is from the Pro-Wrestling FAQ, by macika@emunix.emich.edu (Dominic Macika) with numerous contributions by others.
3.3. Who currently owns and runs the WWF?
Since the WWF is a privately held company, we have no way of
knowing their exact internal structure. However, reports have
Linda McMahon (Vince's wife) as President of Titan Sports (the
WWF's parent company) while Vince McMahon Jr. remains CEO and
Chairman of the Board of Titan Sports.
Vince Jr. was given control of the WWF by his father, Vince Sr.
Although Vince McMahon Sr. died in May 1984, he had turned over
control of the business to his son sometime around late 1982 or
early 1983.
The most widely believed story is that McMahon Sr. divested his
Capitol Wrestling Corporation (under which he promoted the
W[W]WF) in late 1982/early 1983. McMahon Sr. then incorporated
Titan Sports as the WWF's new parent company and gave half of
Titan's stock to his son. Vince Sr. also gave 1/6 stock each to
Arnold Skoaland, Phil Zacko (who was the promoter in Philadelphia
and surrounding regions) and Robert Marella (aka Gorilla
Monsoon). Upon receiving their shares of Titan stock, Skoaland,
Zacko, and Marella promptly sold them to McMahon Jr. for $100,000
each, primarily out of their uncertainty of Vince Jr's business
skills. In return, Vince Jr. gave Skoaland and Marella guaranteed
10-year jobs with Titan. In May 1994, it was confirmed that Vince
McMahon owns 100% of Titan.
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