Hulk Hogan To Buy Majority Share of WWE With Gawker Settlement

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Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media, in St. Petersburg, Florida, in this file photo taken March 8, 2016.   REUTERS/Tampa Bay Times/John Pendygraft/Pool  MANDATORY NYPOST OUT

LOS ANGELES, California –

Hulk Hogan announced this morning that he plans to take the $115 million dollar settlement he is set to receive from his lawsuit against garbage-posting website Gawker to purchase a majority share of stock in his former employer Vince McMahon’s company WWE.

“I’ve been a millionaire for many years, but I’ve never been that much of a millionaire,” said Hogan, whose real name is Terry Bollea. “I do own some stock in the company. I bought about $2,000 worth when it first went public. With this settlement, though, I can finally become majority owner.”

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Although Vince McMahon had originally been set with 51% ownership, he was forced to sell some of his stock and ownership in the last few years as the company has taken a downturn, leaving him with only 48% ownership in the company. The rest is on the public market.

“I will be able to afford to buy 51% of the company with this settlement, and when I do, there will be some massive changes made to the company,” said Hogan. “I cannot wait to drop the leg on the WWE once more, but this time, it will be my place to do with as I wish. It will be like the NWO days all over again, brother.”

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