Vince McMahon generated significant media attention in the past year due to his involvement in a scandal involving payoffs to keep quiet. The professional wrestling community closely followed the situation, eagerly anticipating developments. Eventually, McMahon returned to his position as majority shareholder and Executive Chairman of WWE, wielding his power to shape the company’s direction. Now it seems Nick Khan believes Vince McMahon is ready to sell WWE.
Vince McMahon’s return to the Board of Directors was seen as a hostile takeover. He was ruthless in his endeavor to usurp WWE once again. In the end, he was appointed as Executive Chairman of WWE following the resignation of Stephanie McMahon, while Nick Khan remained the sole CEO. The move continues to be talked about in the professional wrestling community.
Ringside News exclusively reported that Vince McMahon came back to the WWE offices in Stamford last week. He also brought back Brad Blum as his Chief of Staff, just a month and a half after WWE let him go.
The news of Vince McMahon’s return to the position of Executive Chairman of WWE has only worried fans more and more every day. Many expressed concerns about his leadership and the direction the company would take under his control. Despite this, it is clear that McMahon holds significant power within the company and is likely to push forward with his own agenda.
While speaking on the Bill Simmons Show, Nick Khan was asked why Vince McMahon would want to sell the company at this point. While explaining his point, Khan made it clear that he believes McMahon is ready to sell the company.
“I think he’s ready. I can’t describe it as anything more than that after the last five months. Keep in mind, you [Simmons] engage in empire building, you’re still engaged in empire building. At a certain point, it’s like, how much of this empire am I going to build? We continue to build it, he continued to build it until he stepped down five month ago. In looking at a world of consolidation, the stand alone enterprise that owns 99% of its intellectual property with the media rights coming up in October 2024, which means the process starts in a few months on that, to certainly go lock in a bunch of long-term deals, and then to try to sell to everybody doesn’t make sense. The timing is now. That’s the goal, unless one of the media conglomerates ends up buying it directly, then they certainly wouldn’t want it encumbered by any long-term media rights deals elsewhere.”
The Rock also believes that WWE’s new owners should be as passionate as Vince McMahon. McMahon will also not require any approval from WWE’s shareholders to take any actions from now on. It remains to be seen who will end up purchasing WWE in the end, as there are still quite a few viable options.
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