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 Wrestling Observer Radio, Dave Meltzer talked about Vince McMahon’s return to WWE and whether it would have any effect on The Rock’s plans for WrestleMania 39. Meltzer made it clear that McMahon’s return will not have any effect whatsoever.
“The basic thing is that Dwayne Johnson is going to do what he has the time to do. If he has time, the Vince stuff is going to have no impact whatsoever. He’s going to do it if he feels he can do it well and he has time to train for it. Which he may not because of the XFL.
The Vince thing will have no impact. A sale to Saudi Arabia is a different story but that’s not gonna happen before WrestleMania anyway most likely. Vince coming back, is it going to affect John Cena? Is it going to affect The Rock? No, they’re going to do whatever they were going to do before.
They expect John Cena at WrestleMania, and as far as The Rock goes, it just depends on his schedule. I would say we’re within two weeks of a yes or no on that one, because they’ve got to have their answer by Royal Rumble because they’ve got to know what to do at the Rumble.