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The father of current WWE head, Vince McMahon, learned the wrestling
business from his own father, Jess McMahon, a wrestling and boxing promoter
based in New York. Vince, Sr. played in Madison Square Garden as a child,
accurately believing that, in some way, the building belonged to him.
In 1963 – after many successful years of presenting shows in the
northeastern United States -- McMahon and his partner, Toots Mondt, broke
away from a national confederation of wrestling promoters, and officially
formed WWE. In the days of regional wrestling territories, WWE was the
largest, stretching from Maine to Washington, DC.
In time, the organization gained so much respect that McMahon’s former
rivals again coveted him as a business associate. Meanwhile, the
distinguished business titan was schooling his son on the fine points of the
industry. But when the elder McMahon sold his company to Vincent Kennedy
McMahon and daughter-in-law, Linda McMahon, in 1982, both sports and
entertainment were altered more than anyone ever imagined.
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