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Vince McMahon has launched a new business venture, forming an investment firm called 14TH & I, pursuing opportunities in sports, media, and entertainment.
Public filings show McMahon registered three limited liability companies in Connecticut on September 20, 2024:
- 14TH & I Holdings LLC
- 14TH & I Investments LLC
- 14TH & I Management LLC
Having three separate LLCs may be a way to keep different parts of the business—like owning assets, managing investments, and running operations—legally and financially separate.
All three entities were formed in Delaware and list the same Stamford, Connecticut address as their principal office. McMahon, the former CEO and Chairman of WWE, is named as the managing member of at least two of the entities, while 14TH & I Holdings is listed as a member of the others.
Two related trademark applications are pending with the U.S. Patent & Trademark Office. Filed on August 23, 2024, the marks “14TH&I” (without spaces) and “14TH & I” (with spaces) cover two classes of business: private equity fund investment and entertainment production. The filings suggest the firm intends to engage in both private equity investment and the development of scripted programming.
Brad Blum, a former WWE executive and longtime ally of McMahon, is the President of 14TH & I, according to Blum’s verified LinkedIn profile.
“14th & I is a private investment firm focused on the sports, media, & entertainment sectors,” is how Blum’s profile describes the company. “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.”
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.
We contacted McMahon’s representatives before publishing this story. They did not provide a comment.
Though the McMahon family has been involved in the professional wrestling business for generations, there’s no indication yet that 14TH & I is pursuing business related to wrestling.
It was reported in October by PWInsider that McMahon was working on setting up a new company, described in that report to be an “entertainment hub company,” which fits with the details learned here about 14TH & I.
After the TKO merger combining WWE and UFC was completed in September 2023, McMahon sold some but not all of his shares in the company, liquidating almost $1.5 billion in equity between November 2023 and April 2024. He still owns more than 8 million shares in TKO, as of a September 2024 filing with the Securities and Exchange Commission. That amounts to about 4% of TKO, with a market value of about $1.2 billion.
There’s no indication that McMahon intends to buy or regain control of WWE, and such a move appears unlikely, despite some speculation. Endeavor now controls 61% of TKO. While McMahon has significant wealth, he may not have enough to regain control of TKO or WWE, nor is there any indication Endeavor would be open to such a transaction. The value of all shares under TKO currently has a market value of more than $30 billion.
Following his resignation from WWE and TKO in January 2024, McMahon has continued to be a defendant in multiple lawsuits. He’s currently a party in former WWE employee Janel Grant’s lawsuit against him and WWE, in which she alleges she was sexually assaulted and trafficked by McMahon throughout her employment. McMahon denies those allegations. Grant alleges that WWE was negligent and claims Blum was among multiple WWE executives who enabled McMahon’s alleged abuse.
McMahon is also being sued by eight former ring attendants. They claim they were sexually abused when they were minors by a former WWF ring announcer. The former “ring boys” say Vince and Linda McMahon and their wrestling company — then named the World Wrestling Federation — were negligent in allowing the abuse to happen in the 1970s through the 1990s.
In another case, Vince McMahon is defending himself, along with other former WWE board members, in a shareholder lawsuit, which alleges McMahon unfairly predetermined the process that led to the merger of WWE and UFC into TKO.
Brandon Thurston has written about wrestling business since 2015. He operates and owns Wrestlenomics.
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