Vince McMahon

Vince McMahon Reportedly Looking to Force His Way Back Into WWE as Executive Chairman

— The Wall Street Journal dropped another bombshell of an article today, claiming that former WWE CEO Vince McMahon is plotting to return to the company in an Executive Chairman role to facilitate a possible sale of the company. For such a change to occur, it would need to be approved by WWE’s Board of Governors. McMahon reportedly has stated that as majority owner of WWE, he will not “support or approve any media-rights deal or sale if he was not named executive chairman to lead a review process.” The article also attributes the following statement from Vince:

“WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms. The only way for WWE to fully capitalize on this opportunity is for me to return as Executive Chairman and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives. My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder.”

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