Vince McMahon shook things up in a big way when he returned to WWE months after resigning from his position. He was pushed out of the company after sexual assault allegations and a hush money scandal. That being said, there’s always the possibility that this return for Mr. McMahon isn’t a long-term deal.
WWE’s 4th quarter 2022 financial call included some big pieces of information, including the fact that NXT’s television rights are running up in a few months. Nick Khan took on some tough questions, including addressing a possible exit for Vince McMahon once again.
WWE CEO Nick Khan made it very clear that Vince McMahon informed the Board of Directors that he would step down if it would benefit shareholders. After all, Vince McMahon is a shareholder, and he wants to do what is best for his own pockets.
“Yes. Without question. He’s declared it to the board. He’s declared it to us in management. It’s all about shareholder value. Obviously, he is a shareholder. So it’s not about what role he’ll have. It’s about maximizing that value opportunity.”
Vince McMahon selling the company would certainly benefit shareholders, especially if the company goes private. Saudi Arabia is still rumored to be in the mix, and you never know what can happen when it comes to Wall Street doing their thing as WWE continues changing.
What’s your take on this recent involvement with WWE? Sound off in the comments!