Vince McMahon Plans To Rejoin WWE To Sell The Company

Six months after leaving the WWE, Vince McMahon is back to oversee a potential business sale.

According to a news report released Thursday afternoon, exiled World Wrestling Entertainment founder Vince McMahon has returned to the ring in a move that appears straight out of WrestleMania. He plans to rejoin the organization and oversee the company’s sales.

Vince McMahon returned to WWE just when fans were beginning to accept his absence from the company’s formal operations.

He stated that he would like to rejoin WWE as the “Executive Chairman.” The suggestion Vince made was rejected by the present Board of Directors. By doing so, I would be giving Vince complete authority over the business. Being the company’s largest shareholder, McMahon vowed to quit defending all of the company’s media rights.

The broadcast of some of WWE’s biggest premium live events of the year takes place at the same time as McMahon’s homecoming. Texas hosts the Royal Rumble this month, while Wrestlemania, a two-day spectacle, starts in April.

In a prepared statement, McMahon stated that he has no intention of altering the responsibilities, tasks, or roles of WWE’s current management team as a result of his return. 

After numerous lawsuits were brought against him for misconduct and infidelity, Mr. McMahon left WWE on July 22, 2022. Stephanie, his daughter, took over as Chairwoman and was now Co-CEO with Nick Khan. As WWE’s Chief Content Officer, Stephanie’s husband Paul Levesque (Triple H) oversaw the creative.

The reason this Is taking place at this time is that WWE’s TV rights agreements with NBC Universal and Fox are about to expire, which means the business will be looking to strike important agreements for its Raw, Smackdown, and NXT programming.

In a letter to the board, McMahon reportedly declared his intention to return for a strategic review process to determine whether WWE is a suitable target for sale, according to the WSJ. He added that until he is directly involved as executive chairman from the start of a strategic review, he “won’t support or sanction any media-rights acquisition or sale.”

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