WWE wrestling news, rumors, results & spoilers, WWE Elimination Chamber 2017 Results (2/12), TNA News, ROH News & Raw, SmackDown Live
VPR-TV Presents Virtual Insanity Wrestling

Popular Tags:


 

 

» Advertisements

 

Kupy Wallpapers

 

WNS Podcast

 

http://www.wrestlingnewssource.com/theme/


 


RSS Feed
Font Size: [XS] [S] [M] [L] [XL] [XXL]

Hulk Hogan Costs WWE $50 Million - Ouch!

Posted By: Ben Kerin on Jul 25, 2015
Source: Forbes.com

Yesterday, WWE shares dropped almost 4%, to $16.60, wiping out around about $50 million from shareholders. Prior to the news shares rose 14%, aking shareholders $160 million richer.

Hulk Hogan quit the company on Thursday evening when a transcript of racist remarks made several years ago leaked online.

For anybody still in any doubt as to why WWE is removing all mention of Hogan from their company right now - this is why... $50 million lost, it could have been much worse had they not acted so fast.

 

Join Our New Facebook Discussion Group!


Adding comments is disabled due to age of article.
 


» Read More From This Feed

Facebook Tumblr YouTube Instagram iTunes Stitcher RSS
»  Home · News · Podcast · Live Chat · Advertise! ·  Donate ·