Vince McMahon officially resigned from WWE and TKO Holdings after being hit with a sexual trafficking lawsuit by former employee Janel Grant. While fans believe there is no way McMahon will return to WWE, it appears Vince McMahon allegedly wants to buy back WWE.
While speaking on Behind the Turnbuckle, Jonathan Coachman talked about the rumors that Vince McMahon might want to buy back WWE. He said he’s been hearing from people in the wrestling world who trust him and give him inside information. He hasn’t been wrong about things before and says he knows Vince really wants to get the company back.
“I’ve been quoted a lot from this show the last week, everywhere, because I have conversations. People trust me. People call me. I talk to them because I don’t treat this like the end-all be-all. And the one thing that I’ve yet to be wrong about—anything. And so now all of a sudden I’m getting on all these websites because I have educated views and I also have people that are tipping me off. Now, do I know 100% he’s going to buy [WWE]? I know that he wants to.”
Vince Russo then shared his own idea. He said maybe Vince McMahon knew ahead of time that he’d have to step away from running WWE for a while. Therefore, he might have made a deal with Ari Emanuel and TKO to run the company for now. In this theory, TKO would make money from WWE for a few years, and then Vince would buy it back once his problems were over.
“You know, Coach, ever since you’ve brought this up on this show, you know, crazy things start going through my mind. What if Vince obviously knew what was coming down the pike? He obviously knew he was going to have to take a backseat—and he was going to have to take a backseat for a couple of years whether he liked it or not.
What if he made the deal with Ari and TKO and they were the placeholder? You guys take care of this now. You make whatever you can make. You get X percentage. I get X percentage. And three years when this is all behind me—this is the price I pay you to get my baby back.”
Coachman added that this could explain why WWE is making aggressive money moves, like focusing on Las Vegas instead of New Orleans. If Vince McMahon told TKO to do what they needed to make profits for now, it would make sense.
“That would explain them trying to make as much money now as they can. If Vince would have said, ‘You guys do whatever you want to do, you’re going to get X percent of what you make’—that would explain why we don’t care about New Orleans. We’re coming back to Vegas. Wow. Wow. My mind’s now going in a thousand different directions.”
Russo added that it’s not a crazy idea because wrestling is full of surprises, and TKO might be open to it if it means big profits. He also said that Vince McMahon is a smart businessman and could definitely come up with a plan like this.
“And for anybody that thinks this is too crazy—not only is this the wrestling business—we’re talking about billions and billions and billions of dollars. And we’re also talking about a TKO group that, if presented the right opportunity and said, ‘Hey, we can make this much in the next five to ten years,’ they’ll do it.And you’re talking about perhaps the greatest worker in the history of the wrestling business: Vince McMahon. If anybody would have been able to draw this up, Coach, it would have been Vince.”
Jonathan Coachman pointed out that this might be why people like Bruce Prichard and Michael Hayes are still working in WWE, because Vince McMahon plans to come back and wants his people still there.
“That could explain why a Bruce Prichard is still there. That’s why a Michael Hayes is still there. Could that explain a lot of that? That TKO is just the placeholder?”
Russo agreed, as he believes that this idea fits everything that’s happening, saying, “Absolutely. Absolutely.” This also comes after it was alleged that Vince McMahon is not on speaking terms with Triple H and Stephanie McMahon.
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