Vince McMahon garnered widespread media attention in the past year due to his involvement in a pay-to-keep-quiet scandal. The professional wrestling community closely monitored the situation, eagerly awaiting any updates. In the end, McMahon reclaimed his position as the majority shareholder and Executive Chairman of WWE, giving him the authority to steer the company’s trajectory. In fact, Nick Khan thinks WWE can be sold in a few months.
Vince McMahon’s return to the Board of Directors was seen as a hostile takeover. He was ruthless in his endeavor to usurp WWE once again. In the end, he was appointed as Executive Chairman of WWE following the resignation of Stephanie McMahon, while Nick Khan remained the sole CEO. The move continues to be talked about in the professional wrestling community.
The announcement of Vince McMahon’s return to his role as Executive Chairman of WWE has caused increasing anxiety among fans. Many have voiced concerns about his leadership style and the potential impact on the company’s direction. Despite these reservations, it is evident that McMahon wields significant influence within WWE and is poised to advance his personal agenda.
While speaking on CNBC’s Squawk on the Street, WWE CEO Nick Khan was asked about WWE potentially getting sold. Khan stated that he believes WWE will be ready for sale within three months.
”Quick, and I’m not trying to be obtuse in saying that. But I think it’s going to be a pretty fast process, maybe three months.”
The Rock also believes that WWE’s new owners should be as passionate as Vince McMahon. McMahon will also not require any approval from WWE’s shareholders to take any actions from now on, thanks to those amendments he made to the company bylaws. It remains to be seen who will end up purchasing WWE in the end, as there are still quite a few viable options.
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