Vince McMahon Didn’t Make Provision For Family Inheriting His WWE Shares In New Amendment

Vince McMahon has been at the center of major scandal involving allegations of hush money payments over the past year, and the professional wrestling community has been closely monitoring the situation. With McMahon’s return to his role as majority shareholder and Executive Chairman of WWE, he has regained significant control over the company’s direction, generating significant media attention and anticipation. Many fans believe he is also quite petty and vindictive and it seems more proof of that has been shown in a new amendment.

Vince McMahon’s return to the Board of Directors was widely seen as hostile takeover, as he was determined to regain control of the company. He took on the role of Executive Chairman of WWE after Stephanie McMahon stepped down, leaving Nick Khan as the sole CEO.

Vince McMahon’s relentless pursuit of power has been widely reported. This worried many fans, who expressed their concerns about McMahon’s return to the position of Chairman. Despite this, McMahon is known to make decisions that align with his own goals and agenda, regardless of public opinion.

There is also the feeling in WWE that Vince McMahon could make his television return at any time. This has not helped matters either as McMahon is now determined to usurp the company for good.

Wrestlenomics analyzed Vince McMahon’s latest amendment to the company’s bylaws. This allows McMahon to make any company decision, and he doesn’t need shareholders’ permission. It seems that Vince McMahon also left out his family members when it came to inheriting WWE shares. That being said, there is always the possibility that the issue is taken care of elsewhere.

Removing the requirement that shareholders (i.e., Vince) approve of any TV deal or company transaction may also prevent anyone who in the near future might inherit his shares from also inheriting that approval power. Vince’s nearest family members, Linda, Stephanie, or Shane, would retain his enhanced voting rights due to being McMahon family members if they came into possession of his shares. However, we don’t know whether any will or succession plan is in place regarding Vince’s shares should he pass away or become incapacitated.

It should be emphasized, so the preceding paragraph isn’t misconstrued, the filings do not mention other McMahon family members or explore the possibility of others inheriting Vince’s shares. This is merely Wrestlenomics’ analysis of the situation, and it’s possible such a consideration actually played no part in motivating the actions recorded in this morning’s filings.

Vince McMahon will not require any approval from WWE’s shareholders to take any actions from now on. This is a stark contract from the amendment that he previously made, one that allowed him to take power once again. By the looks of it, it is just a matter of time before McMahon takes over creative control of the company, or he does whatever he wants to.

What’s your take on Vince McMahon? Sound off in the comments!