Who currently owns and runs the WWF?
Linda McMahon (Vince’s wife) is President of Titan Sports (the WWF’s parent company) while Vince McMahon Jr. remains CEO and Chairman of the Board of Titan Sports. Vince Jr. was given control of the WWF by his father, Vince Sr. Although Vince McMahon Sr. died in May 1984, he had turned over control of the business to his son sometime around late 1982 or early 1983. The most widely believed story is that McMahon Sr. divested his Capitol Wrestling Corporation (under which he promoted the W[W]WF) in late 1982/early 1983. McMahon Sr. then incorporated. Titan Sports as the WWF’s new parent company and gave half of Titan’s stock to his son. Vince Sr. also gave 1/6 stock each to Arnold Skaaland, Phil Zacko (who was the promoter in Philadelphia and surrounding regions) and Robert Marella (aka Gorilla Monsoon). Upon receiving their shares of Titan stock, Skaaland, Zacko, and Marella promptly sold them to McMahon Jr. for $100,000 each, primarily out of their uncertainty of Vince Jr’s business sk
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