Vince McMahon has been orchestrating his return to WWE. The ex-Chairman of WWE was recently reinstated on WWE’s Board of Directors. Despite his recent earth-shattering return to WWE’s Board of Directors, McMahon was previously asked by the Board to sign a letter saying he won’t return to WWE.
Wrestlenomics’ Brandon Thurston recently took to Twitter to share more information on the Vince McMahon lawsuit. He noted that The Board referred to a shareholder demand letter requesting that the Board would sue Vince for investigation fees. The Board requested that Vince sign a letter stating that he will not return to WWE and that he will refund the company in exchange for the Board agreeing not to sue him.
The Board alludes to a shareholder demand letter that the Board sue Vince for payment of investigation expenses. The Board asks Vince to sign a letter saying he won’t come back to WWE and that he will repay the company in exchange for the Board agreeing that they won’t sue him.
The Board even mentioned that Vince McMahon’s return to the company at this point won’t be wise from shareholder perspective. “…it is also our unanimous view that your return to the Company at this time, while government investigations into your conduct by the U.S. Attorney’s Office and SEC are still pending, would not be prudent from a shareholder value perspective.”
Vince McMahon also floated the idea of selling WWE. That brings up an even bigger question of who might be in the buying mood for the sports entertainment juggernaut.
There is a lot of buzz going on about who might buy WWE if Vince returns and puts it up for sale. We’ll have to wait and see whether Vince McMahon’s return to WWE makes that happen. You can check out the tweet below.
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