Vince McMahon was the CEO of WWE before he had to step down following allegations of sexual misconduct and allegedly having paid $12 million in hush money in a huge scandal last year. Many fans believed he was retired forever, but that was not the case. This is because Vince McMahon returned to WWE last week and last night, he became the Executive Chairman of WWE once again after his daughter Stephanie McMahon resigned. Nick Khan is now the sole CEO of WWE while Triple H remains the Creative Head of WWE.
Following Vince McMahon’s return to WWE, there have been rumors that he plans on selling the company to Saudi Arabia. However, those rumors were eventually proven to be untrue.
According to recent reports, Vince McMahon’s return to WWE is primarily to facilitate the potential sale of the company. There are several potential buyers for WWE, including Saudi Arabia. It is speculated that the kingdom, which has been the subject of controversy, may be the only prospective buyer willing to retain McMahon in a position of power.
Nick Khan spoke about the departure of his Co-CEO during an interview with Bill Simmons on his podcast.
“I think she came back because her dad asked her to come back. The meetings that she went on that I participated in a lot, as you can imagine when there are stories like that come out you want to make sure that people see you and they know who to talk to and they can call you and there’s a face with the product. There’s somebody there to answer if there’s a question. That was more about that and at this moment in time, I think she felt her work was done for now. Nothing is permanent, again a terrific executive, an even better person. Life is long, let’s see.”
