Vince McMahon recently sent shock waves with his announcement. He announced that he is retiring from his roles as Chairman and CEO of WWE. It was later clarified that he was also done with his work on creative. Vince McMahon recently got involved in a fresh controversy. The latest Wall Street Journal story on Vince alleged that he paid at least 4 women over 16 years to cover up sexual misconduct.
After the report about additional non-disclosure agreements that were signed to keep women quiet, many are wondering if more people will come out with accusations. Vince reportedly reacted to the allegations. In quite an interesting development from the Sports Business Journal, McMahon reached a settlement with former XFL commissioner Oliver Luck.
It does not appear any more women signed NDAs. There could be others who didn’t want to burn bridges with WWE who decided against seeking a settlement. It remains to be seen if any will speak out. It turns out Vince is no selling the matter. While many might think this has affected sponsors, that is not the case. It has also come to light that Vince might not be under too much pressure. The latest Wall Street Journal story on Vince doesn’t appear to have much of an effect on WWE business and McMahon seems to be not bothered by anything. Vince does not have pressure on him. It seems WWE will not make any major alterations after his departure
WWE doesn’t want to scare Wall Street
While speaking on Wrestling Observer Radio, Dave Meltzer talked about WWE making big changes after Vince McMahon’s retirement. He stated that the company, under Stephanie McMahon, Triple H, and Nick Khan’s leadership, does not want big changes to scare Wall Street and other investors.
“Don’t expect any major changes, because right now they want to show Wall Street and the stockholders that everything is stable and fine, they don’t want big changes. They want everything to be looking as stable as possible to make it look like it’s a smooth transition and that the company is in good hands and doesn’t fall apart without Vince McMahon.”