10 Reasons Why WWE Owner Vince McMahon Just Lost $842 Million

9. Vince's Broken Promises

The TV deal was the gun which killed Vince's value, but it was Vince himself who loaded the bullets. In particular, Vince's promise to double the TV rights value was a catalyst for a long term stock crash. By hyping up WWE's chances of doubling their TV rights, Vince only served to whip up a frenzy around WWE's stock value, leading to drastic increases in the stock price before WrestleMania 30. When that stock stood at 30 dollars it was as much to do with Vince's hyperbole as any concrete worth. That was asking for trouble. By promising the world and delivering little, Vince had created a situation in which his company stock was set for a fall. Most embarrassingly he went as far to tell one conference caller in 2013 that if the WWE didn't double their rights then the caller could place him in a hammerlock.