Over the past year, Vince McMahon has received significant media attention for his involvement in a highly publicized pay-for-silence scandal that captured the attention of the professional wrestling community. Despite the intense scrutiny he faced, McMahon managed to retain his position as the majority shareholder and Executive Chairman of WWE, granting him considerable power over the company’s future. In fact, Kevin Nash believes Vince McMahon is overvaluing WWE ahead of its sale.
Vince McMahon’s return to the Board of Directors was met with extensive disapproval, as it was perceived as a confrontational move to regain authority over WWE. Nevertheless, he managed to overcome the challenges and was appointed as the Executive Chairman, following Stephanie McMahon’s resignation. Meanwhile, Nick Khan continued to serve as the CEO.
Vince McMahon’s comeback was largely so that he could set up WWE for a potential sale, something that has been a huge topic of discussion for numerous years in the pro wrestling world. Many huge buyers are also said to be up for consideration.
In fact, Vince McMahon has resumed control of WWE and is exploring the possibility of selling the company. However, he is said to be seeking an incredibly high price of $9 billion, which some industry insiders speculate could be a deliberate strategy to boost negotiations.
While speaking on this Kliq This podcast, Kevin Nash, for one, has suggested that Vince McMahon may be overvaluing WWE in order to decrease the likelihood of a sale.
“It’s almost like I have no intention of selling my house,” Nash explained. “But if someone called me up and said ‘I’ll give you $3.5 million,’ I’m selling my house. But if you give me market value for it, it’s like, ‘Nah, man.'” Nash thinks that McMahon is simply trying to get enough money to make the ordeal of turning the company over to outside ownership worth it.
There are still quite a few potential buyers for WWE, which includes even Tony Khan and his father Shahid Khan, as well as Saudi Arabia. Regardless, we will have to wait and see whether WWE will be sold by their projected middle of 2023 time frame.
What’s your take on this WWE story? Sound off in the comments!