Vince McMahon has been at the center of a major scandal involving allegations of hush money payments over the past year, and the professional wrestling community continues to discuss it even now. With McMahon’s return to his role as majority shareholder and Executive Chairman of WWE, he has regained significant control over the company’s direction, generating significant media attention and anticipation. It has been a few days since his takeover and it seems Nick Khan believes Vince McMahon will do what is necessary to keep WWE alive.
According to a recent report by Bodyslam.net, WWE was said to have reached a deal to sell the company to Saudi Arabia, which led to a lot of backlash from both fans and professional wrestlers. This news has generated widespread dissatisfaction, as many have valid concerns about the possible consequences of such a move.
While initial reports of a sale of WWE to Saudi Arabia were disproved, speculation persists that the Kingdom is among potential buyers. Some fans believe that Stephanie McMahon’s departure from the company may be related to negotiations for a potential sale to Saudi Arabia.
Ringside News exclusively reported that Vince McMahon recently returned to WWE’s Stamford offices and brought back Brad Blum as his Chief of Staff, just six weeks after Blum was let go by the company.
Nick Khan is currently the sole CEO of WWE following Stephanie McMahon’s resignation. Khan is more than aware of how to thrive under pressure and he is glad Vince McMahon is back.
While speaking on the latest episode of the Bill Simmons podcast, Nick Khan talked about Vince McMahon’s return to the company. Khan made it clear that he believes Vince McMahon will do what is necessary to keep WWE alive.
“It’s only been a week, but he really, I believe, what he said publicly about ‘hey, I’m here to engage in strategic alternatives and the media rights,’ so far the engagement has been that, and other board issues.
It’s his company. To me, WWE is Vince. Vince is WWE and we’re going to do the best we can to keep a living company.”
Vince McMahon will not require any approval from WWE’s shareholders to take any actions from now on. There is also the feeling in WWE that Vince McMahon could make his television return at any time. We’ll have to see when McMahon will take over Creative control in WWE.
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