Vince McMahon decided to make his way back to WWE. A new filing showed that McMahon is returning to the WWE board of directors. Reports emerged that the WWE Board Of Directors also tried to stop Vince McMahon from returning. Former WWE co-presidents Michelle Wilson and George Barrios are also on the board.
Independent directors Alan Wexler, JoEllen Lyons Dillon, and Jeffrey Speed have been removed. John Pollock noted that two board members resigned today: “Ignace Lahoud and Man Jit Singh have resigned from the Board, effective today.” This is separate from the three board members removed. The filing shows that Vince has made changes to WWE’s bylaws so media rights deals and any company sales can’t be made without his approval. The filing also includes emails Vince has sent to the board.
Meanwhile, McMahon had stated that his intention was to facilitate a sale of the company. There has been much speculation that Vince McMahon was looking to sell to a party that would commit to keeping him in charge of the company. It was further noted on Tuesday that Stephanie McMahon was resigning as Co-CEO of WWE and that Vince McMahon was unanimously voted in as Executive Chairman. Speculation was everywhere and it didn’t take more than a couple of hours before it was revealed that among the potential buyers interested in purchasing WWE was a group out of Saudi Arabia. Names reportedly interested in purchasing WWE also include Comcast, FOX, Netflix, Amazon, and Disney, among others.
Rumor sparks about Elon Musk buying WWE
Another name added to the list that had already bought WWE was none other than Elon Musk. Still, it goes without saying that all of this is just a rumor and is not true. The report began on Kayfabe News, a site known for its satirical content. The site reported that Elon Musk bought WWE for $44 billion and announced the purchase through Twitter. It was even hilariously added that Vince McMahon was planning to buy Twitter, a social media app owned by Musk.