The entire landscape of WWE has undergone a massive change with the resurgence of its largest shareholder back to power, and Vince McMahon is heavily involved. The man who built the global giant returned to the company a while back and forced his way back to the helm of things to pursue the sale of WWE. However, there is a belief that McMahon’s return has not been of help in finalizing the deal.
According to the latest edition of the Wrestling Observer Newsletter, Vince McMahon’s return has not fast-forwarded things regarding the sale of WWE. In fact, it has been seen as more of a hindrance, as reported by Dave Meltzer.
“At this stage of the game, the belief is that McMahon’s presence is a hindrance and not a help in these negotiations, although as the largest stockholder, he is also the key beneficiary financially if and when the sale goes down and for that reason forced his way into that process.”
WWE was looking to head into a completely new creative direction a few months back under the new leadership of WWE’s co-CEOs, Stephanie McMahon and Nick Khan with Triple H leading the charge as Head of Creative.
However, everything changed for the better or some would say worse, as Vince McMahon made his way back to WWE, coming out of his retirement. McMahon was reinstated into the WWE Board of Directors as the Executive Chairman with his two handpicked executives occupying spots on the Board.
Vinnie Mac’s arrival led to major changes in the management and many WWE employees were shown the door. Moreover, his own daughter Stephanie McMahon resigned from her position as CEO, with a report claiming that Vince McMahon completely dismantled her corporate team upon his return.
Vince McMahon’s prime reason for returning was to finalize the sale of WWE to other corporate giants. However, if we were to believe this recent report, it looks like the process of the sale will be slowed down. Check back at Ringside News as we follow up on this story.
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