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.
While speaking on CNBC, The Rock was asked about WWE potentially selling. He then proceeded to make it clear that he believes WWE’s new owners would need to be as passionate as Vince McMahon.
I could tell you this, it’s an exciting brand, it’s a brand I’ve been very fortunate to have tremendous success over the decades. Also, for your viewers in the business world, the lineage goes back multi-generational for WWE. My grandfather wrestled for Vince McMahon Sr in the 70s, my dad wrestled for Vince McMahon in the 80s, and then I came along with the bad haircut and fanny pack and continued to wrestle for Vince as well. We’ve seen tremendous success over the years. I think it’s a very attractive company and I’m excited. I wish Vince and that company all the best,” he said.
With the world of professional wrestling and WWE, it’s so unique. The fanbase is very large and very passionate. There is nothing like the WWE. With the new owners, if there are new owners, and acquirers who come in, they have to share that same passion that Vince has and for the world of pro wrestling. With a company like this that has been so incredibly successful over the years, a sale and acquisition can be very complicated. There is a unique anchor added, I believe, where Vince feels you have to find the right buyer who still has the passion and love for this unique world.”