The new Vince McMahon company is called 14th and I, focusing on sports, media and entertainment
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Vince McMahon has launched a new commercial enterprise, forming an investment company called 14th and I, pursuing opportunities in sport, media and entertainment.
Public deposits show that McMahon recorded three limited liability companies in Connecticut on September 20, 2024:
- 14th & i Holdings LLC
- 14th & i Investments LLC
- 14th & i Management LLC
Having three separate LLCs can be a way to keep different parts of the company – such as having assets, managing investments and managing operations – legally and financially separated.
The three entities were trained in Delaware and list the same address of Stamford, Connecticut as their main office. McMahon, the former CEO and president of WWE, is appointed general member of at least two of the entities, while the 14th and I Holdings is listed as a member of the others.
Two related brand requests are pending with the US Patent & Trademark Office. Posed on August 23, 2024, the “14th & I” brands (without spaces) and “14th & i” (with spaces) cover two activities classes: the production of investment and entertainment of the investment capital. The deposits suggest that the company intends to engage both in investment in investment and the development of a scripted program.
Brad Blum, former WWE executive and longtime ally of McMahon, is the president of the 14th & I, according to the Verified Linkedin profile of Blum.
“14th & I is a private investment company focused on the sports, media and entertainment sectors,” is the way Blum’s profile describes the company. “We are a disciplined long -term capital partner, flexible and long -term, mainly targeting the redemptions / majority offers, as well as selective minority investments focused on growth. We seek to associate and empower exceptional management teams, offering in -depth expertise, capacities and relationships to help stimulate significant long -term value. ”
The name of the company seems to be a reference to a place of historical meaning for McMahon and WWE. A 2006 article on WWE.com noted that the Capitol Wrestling Corporation, the WWE predecessor, had its head office at the corner of the 14th and me in the streets in Washington DC, around the 1950s and 1960s, when the company was led by McMahon’s father, Vincent J. McMahon.
We contacted McMahon representatives before publishing this story. They did not provide a comment.
Although the McMahon family has been involved in the professional struggle sector for generations, there is still no indication that the 14th and I are pursuing business related to struggle.
It was reported in October by Pwinsider that McMahon worked on the creation of a new company, described in this report as a “company of entertainment centers”, which corresponds to the details learned here on 14th &.
After the TKO merger combining WWE and the UFC was completed in September 2023, McMahon sold some, but not all of its actions from the company, liquidating nearly $ 1.5 billion in equity between November 2023 and April 2024. It has more than 8 million TKO shares, since a September 2024 deposit with the Securities and Exchange commission. This represents around 4% TKO, with a market value of around $ 1.2 billion.
Nothing indicates that McMahon intends to buy or regain control of WWE, and such a decision seems unlikely, despite certain speculations. Endeavour now controls 61% of TKO. Although McMahon has a significant richness, he may not have enough to regain control of TKO or WWE, and there is no indication effort that would be open to such a transaction. The value of all actions under TKO currently has a market value of more than $ 30 billion.
After his resignation from WWE and TKO in January 2024, McMahon continued to be a defendant in several prosecution. He is currently part of the trial of the former WWE employee, Janel Grant, against him and WWE, in which she alleges that she was sexually assaulted and deals with McMahon throughout her job. McMahon denies these allegations. Grant alleges that WWE has been negligent and says Blum was one of several WWE leaders who have presumed McMahon’s abuses.
McMahon is also prosecuted by eight former Ring attendants. They say they were sexually mistreated when they were minors by a former advertiser in the WWF ring. The former “Ring Boys” say that Vince and Linda McMahon and their wrestling company – then named the World Watch Federation – neglected to allow abuses to perform in the 1970s in the 1990s.
In another case, Vince McMahon defends himself, as well as other former members of the board of directors of WWE, in a trial for shareholders, which alleges McMahon unfairly predetermined the process which led to the merger of WWE and the UFC into TKO.
Brandon Thurston wrote on the fighting cases since 2015. He has exploited and has Wrestlenomics.
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