WWE Doesn’t Want Big Changes To Scare Wall Street After Vince McMahon’s Retirement

Vince McMahon has been in the news since June for having secretly paid $3 million as settlement to a departing employee. Because of this, McMahon was under investigation and Mr. McMahon eventually retired from his own company.

It was then discovered that McMahon also paid $12 million in hush money as well to multiple women over the past couple of decades. This turned out to be the straw that broke the camel’s back. Still, Wall Street’s opinion must be taken into consideration here.

Vince McMahon took to Twitter on Friday and announced his decision to retire from WWE. Right after this, WWE already started showing signs of change, especially on Friday Night SmackDown. Now Stephanie McMahon and Nick Khan will be the company’s co-CEOs.

While speaking on Wrestling Observer Radio, Dave Meltzer talked about WWE making big changes after Vince McMahon’s retirement. He stated that the company does not want big changes to scare Wall Street and other investors.

Don’t expect any major changes, because right now they want to show Wall Street and the stockholders that everything is stable and fine, they don’t want big changes. They want everything to be looking as stable as possible to make it look like it’s a smooth transition and that the company is in good hands and doesn’t fall apart without Vince McMahon.

Time will tell just how far-reaching the changes will be in the coming months. With a new era of WWE upon us, it remains to be seen whether the product will improve or not.

Transcription by Ringside News

What do you think of this story? Let us know in the comments!