Vince McMahon announced that he was returning back to WWE and naming himself back to WWE’s board of directors in preparation of a potential sale of WWE. Vince McMahon also named former WWE co-presidents George Barrios and Michelle Wilson back to the board.
McMahon also warned that “unless he has direct involvement as executive chairman from the outset of a strategic review, he won’t support or approve any media-rights deal or sale.” This tactic was the ultimate ace up his sleeve and unless the board gave in to his demands WWE would be unable to re-new their TV rights deal.
We originally reported (read below) on the upcoming WWE sale in September 2021.
McMahon’s resignation from WWE lasted only six months after he stepped down amid a sexual misconduct scandal.
The truth is Vince McMahon was never really gone and as he used his daughter Stephanie McMahon and son in law Triple H to put up a front that he was gone and that WWE was now headed in a new direction under new leadership.
This maneuver allowed WWE to stop the falling stock prices during the sexual misconduct scandal and allowed Vince McMahon to run WWE from the shadows.
Vince McMahon was and is still very much involved with the day-to-day operations in WWE along with creative department decisions.
Now as Vince McMahon reaches his 80’s the time has come to finally sell WWE and at the time of this writing the following are the current favorites to buy WWE
• Front Office Sports (Saudi Arabia)
• NBC Universal
• Amazon
• Disney
Now there are other companies that are in the mix to buy but those are the most prominent and serious to buy WWE at the moment.
From Office Sports which is the Saudi Arabian company that pays WWE billions to run shows in the Middle East is the front runner due to them having already an established deal with WWE and would be the most likely to give Vince McMahon the deal he wants most.
Vince McMahon could swing a deal with Saudi Arabia to sell WWE ownership to Front Office Sports and still be able to continue to run WWE on a day to day basis including running the creative aspect of WWE programming according to WWE sources but right now the main focus is getting WWE sold.
Triple H and Stephanie McMahon are both keeping their positions at the moment but with everything in a flux and the future of WWE unknown it’s impossible to tell if they keep their positions after WWE is sold or even remain in WWE at all.
At the moment there is tension backstage in the WWE locker room with many talents nervous about the future especially talents who recently returned to WWE in the past six months after Triple H contacted them to return.
Many internally at WWE expect WWE to be sold by the end of 2023 and possibly by June/July.
Vince McMahon is very prideful and does not like Going out with a loss (see streroids trial, see WCW, see XFL).
“Vince is hell bent on having the last word and wants to go out on his own terms.”WWE sources tell SW and it is clear that Vince McMahon is doing everything he can to make a comeback and sell the company he created.
WrestleMania 39/40 is expected to be the last WrestleMania under the McMahon regime unless of course Vince McMahon strikes a deal to remain as CEO after WWE gets sold.
Stay tuned to SW for the latest updates.
