Name of Vince McMahon’s new sports & entertainment investment firm revealed
Former WWE chairman Vince McMahon’s plans to launch a sports, entertainment & media investment firm have been moving forward with a filing revealing the name of the new venture.
First reported by Wrestlenomics Friday, the company will be called 14TH & I with the focus on opportunities within the three spaces mentioned above.
From the outlet:
“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.”
A report first emerged in October 2023 that McMahon was putting something together, but without a focus in wrestling.
The filings were made last September in Connecticut with three limited liability companies created in holdings, investments and management, respectively. Wrestlenomics surmised that is to keep the different parts of the company legally and financially separate.
McMahon was named as managing member of both the management and investment arms.
Two trademarks — 14TH&I and 14TH & I — are still pending, covering both the private equity fund investment and entertainment production spaces.
Vince McMahon still dealing with lawsuits
After initial reporting by the Wall Street Journal, McMahon resigned as both WWE Chairman and CEO in July 2022 in the wake of an investigation into multiple “hush fund” payouts to women who alleged sexual misconduct. News broke in December 2023 that he was looking to make his return to the company amid the feeling he got bad advice that resulted in his resignation.
He orchestrated a return to the company’s Board in January 2023 to help facilitate both a new TV deal and the eventual sale to TKO. McMahon then resigned from WWE in January 2024 after being sued by Janel Grant who accused him (in addition to John Laurinaitis and WWE) of sexual trafficking and misconduct among other accusations. Laurinaitis was dropped from the suit this past week, indicating he will be working with the Grant side.
Additionally, McMahon, Linda McMahon, WWE, and TKO are the key defendants named in the “ring boy” lawsuit that alleges they knew and did nothing to prevent ring announcer and head of ring crew Mel Phillips’ sexual assault of underage boys in the 80s and early 90s.