wrestling / News
Linda McMahon Recalls Losing Money In Construction While Vince McMahon Was Building WWE
In an interview with Sage Steele (via Fightful), Linda McMahon recalled losing money after a construction investment while she and Vince McMahon were building WWE in the 1980s. The pair established Titan Sports after buying Capitol from Vince’s father.
She said: “No, because we were building as we went. However, during that time, we did have an accountant who suggested that we were putting all of our eggs in one basket, and we should diversify a little bit. He made some suggestions that we should invest in a construction company. We knew absolutely nothing about it. We put money into some construction accounts, co-signed on some loans. That went belly up, which eventually put us into bankruptcy. It wasn’t the wrestling side of what we were doing, but it was the other side that we invested in, outside of what we were doing with wrestling. We lost everything. My house was auctioned off. My car was repossessed in the driveway. I was pregnant with Stephanie. I know what it’s like to lose everything.“