Vince McMahon’s return to WWE as the Executive Chairman made was a carefully planned tactic for him to take back control of the company and eventually sell it to the highest bidder. In a few months, McMahon achieved just that as WWE was sold to UFC’s parent company Endeavor. It’s been some days since the merger deal and now it seems some big changes have been made, as McMahon will no longer have full voting control.
Endeavor will be the controlling owner of WWE, when they will merge UFC and WWE into a new publicly traded company. A deal of such huge proportions will only serve to bring a lot of major changes to both WWE and UFC as a whole.
It was also announced that Vince McMahon will remain on as Executive Chairman of the Board for WWE and the new company. That said, McMahon will end up losing some power as well.
According to Wrestlenomics, Vince McMahon will no longer have majority voting control over WWE or other entities within the new company following WWE and UFC’s merger deal. Vince will only have 18 percent voting rights after everything goes through.
When WWE merges with UFC, Vince McMahon will no longer have majority voting control over WWE or other entities within the new company. We estimate he’ll hold about 18% of all shares.
As Ringside News exclusively reported, Vince McMahon will become the majority shareholder of WWE once again. Therefore, McMahon losing his voting power will not be a big hindrance for him. Regardless, we will have to wait and see whether WWE and UFC’s new company will end up becoming successful.
What are your thoughts on Vince McMahon remaining as the Executive Chairman of the Board for WWE and the new company formed after the merger with UFC’s parent company Endeavor? Leave a comment below.