Following his exit from WWE a couple of years ago, Vince McMahon has officially started his new company.
Around three years ago, in 2022, Vince McMahon stepped down as CEO and Chairman of World Wrestling Entertainment on June 17. His daughter Stephanie McMahon took over as the new CEO of the position. She held the position before McMahon returned in January 2023 as the Executive Chairman. Following the disclosure of further details regarding his participation in the Janel Grant sexual assault and trafficking case last year, McMahon completely resigned from WWE and TKO, and all references to his presence within the company were subsequently removed.
Now, almost a year after his absence, new reports have emerged about the former CEO’s future. Vince McMahon’s plans to launch a sports, entertainment & media investment firm have now seen a significant upgrade. As reported by Wrestlenomics on Friday, McMahon’s new company shall be called ’14TH & I’ and will focus on opportunities within sports, entertainment, and media investments.
McMahon has registered three limited liability companies in Connecticut on September 20, 2024:
- 14TH & I Holdings LLC
- 14TH & I Investments LLC
- 14TH & I Management LLC
This is likely implemented to legally and financially isolate different business functions—asset ownership, investment management, and operations—into separate entities. Each of the three entities was incorporated in Delaware and indicates the same Stamford, Connecticut address as its principal place of business. McMahon serves as managing member for a minimum of two entities, with 14TH & I Holdings noted as a member of the others.
More details about the new venture can be sourced from the company’s president, Brad Blum’s, LinkedIn profile:
14th & I is a private investment firm focused on the sports, media, & entertainment sectors. We are a disciplined, flexible, long-term capital and strategic partner, primarily targeting buyouts/majority deals, as well as selective growth-oriented minority investments. We seek to partner with and empower exceptional management teams, providing deep expertise, capability, and relationships to help drive significant long-term value.”
Wrestlenomics further states:
“The firm’s name appears to be a reference to a location of historical significance for McMahon and WWE. A 2006 article on WWE.com noted that the Capitol Wrestling Corporation, the predecessor to WWE, was headquartered at the corner of 14th and I Streets in Washington D.C., around the 1950s and 1960s, when the company was led by McMahon’s father, Vincent J. McMahon.”
Last year PWInsider reported that McMahon was working toward setting up a new company, which was described as an “entertainment hub” company. Although it is still unknown if McMahon has plans to launch a rival wrestling promotion or regain control of WWE.
More Details On Vince McMahon’s Ongoing Lawsuits
Apart from Janel Grant’s ongoing lawsuit, McMahon and his ex-wife, Linda McMahon, are also facing a separate ring boy lawsuit, relating to the sexual abuse of adolescent boys by a former WWE employee.
In other news: A top AEW star has refused to include Hulk Hogan in the Mount Rushmore of wrestling.