Vince McMahon was forced to retire from WWE when a hush money scandal broke out. It didn’t take him very long at all to make his return to the company, and he wasted no time turning everything upside down.
Vince McMahon used his position as majority shareholder of WWE to literally hold the company’s upcoming media rights deal hostage. That called for him to make a return to the Chairman set on the company’s Board of Directors, and he got right to work on a sale.
Vince McMahon admitted to mistakes as he addressed his hush money scandal, but it seems to be water under the bridge. After all, Endeavor is well aware of the fact that WWE fans want to see Vince McMahon fired.
A tenured source within WWE informed Ringside News that the idea of a new “owner” for WWE is a bit interesting. We were told that Vince McMahon is set to become majority shareholder of WWE once again after the company merges with the UFC.
Vince McMahon’s new job within WWE, while his exact title wasn’t revealed at the time, included a boatload of WWE stock as well. That only added to his treasure chest stock portfolio, and it assured that he will be able to exchange that stock for enough TKO when the new company starts trading in a few months.
WWE stock shot up after news of the UFC merger broke. Vince McMahon, and other investors in WWE, are holding their stock for now. After all, they realize what a new stock like TKO could do in the market, and they desperately want to remain in this position to jump on the groundfloor of the new company.
The truth is that Vince McMahon arranged this deal for himself, and in a big way. After the dust settles, Ari Emanuel nor Endeavor will be the “majority shareholder” of WWE, because Vince McMahon is still the man with all that power.
We’ll have to see what’s next for Vince McMahon in WWE. Perhaps, he will get tired of running creative after he was able to enjoy a little retirement vacation. Either way, it certainly appears that Vince McMahon is in a fine position to continue his rule of WWE.
What’s your take on Vince McMahon’s WWE return? Are you about to give up WWE? Sound off in the comments section!