WWE Stock Jumps Over 21% After Vince McMahon’s Return

Vince McMahon is the talk of the wrestling business today. After news broke that the former WWE Chairman and CEO would be returning to WWE’s Board of Directors, it seems like change has already started, and WWE’s stock price is going up in quick fashion.

Vince McMahon served as the WWE Chairman for decades. Moreover, even after he took his retirement from WWE in July 2022, he continued to be the majority shareholder of the company. This led to McMahon exercising his power and being reinstated in the WWE Board of Directors alongside his handpicked candidates, Michelle Wilson, and George Barrios.

The return for the biggest visionary in the history of sports entertainment already is looking to be beneficial for the company. WWE’s stock went up over 23%, after Vince McMahon’s return was announced, indicating that Wall Street is also excited to see McMahon bring unique strategies to clinch new deals and potentially sell off the global giant. This came after stock trading was briefly paused.

WWE made it clear that Vince McMahon’s return to the company does not ensure sale. That being said, Wall Street seems bullish on WWE right now.

Vince McMahon’s return and subsequent reinsertion were announced in the recent WWE press release. It is yet to be seen how much Vinnie Mac would be involved in the day-to-day operations of running the company, currently handled by his son-in-law and Head of Creative, Triple H.

Are you excited to see Vince McMahon back in WWE? Sound off in the comments!