WWE

WWE: Vince McMahon's net worth could drop significantly

McMahon could be about to lose more money
McMahon could be about to lose more money .

WWE has had quite an interesting year so far. The entertainment business has been travelling along both ends of the success and failure spectrum of business in the past six months, and things are on the cusp of getting even more interesting.

WrestleMania XXX proved to be one of the most talked about WWE events as fans got caught up in the storyline that saw The Undertaker's WrestleMania streak ended by Brock Lesnar.

Bad news

But in and amongst the good debate between WWE fans, there have been some worrying headlines recently regarding the company's standing. These headlines included the firing of wrestlers a lead writer, and not to mention the $20 million cut from WWE's 2014 budget.

The latest hammer blow last week was that at least 50 staff members were guaranteed to lose their jobs in a shake up that will see WWE try to reduce it's losses.

According to reports, WWE stock has actually moved higher of late, but this may only be the eye of the storm, with some reports suggesting that WWE is about to hit major trouble.

Trouble 

Zacks Equity Research are reporting that WWE is in dangerous territory.

"[The WWE stock] has moved higher as of late, but there could definitely be trouble on the horizon for this company," a report said.

"That is because WWE is now in overbought territory with an RSI value of 70.61. RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors.

"Yet WWE’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in World Wrestling Entertainment’s stock as of late."

Related articles 

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Vince McMahon to fire more as financial trouble cripples company
WWE legend offers to wrestle Vince McMahon for free

Losing more money

This is bad news for Chairman Vince McMahon, who is set to see his net worth dramatically drop, according to reports.

McMahon infamously lost $350 million in May after WWE's stock took a beating from investors. According to Forbes, it was an underwhelming TV deal with NBC Universal -struck for less than investors had expected - which reduced McMahon's net worth to $750 million.

And now Zacks Equity Research are predicting that the net worth of Vince McMahon could drop even further. 

Topics:
Vince McMahon
WWE
Raw

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