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, maybe the only prospective buyer willing to retain McMahon in a position of power.
Dave Meltzer noted on Wrestling Observer Radio that WWE nixed Baron Corbin and JBL’s storyline, and it seems that Baron Corbin is going to enter into another phase in his career.
“They gave up on it. Obviously, this wasn’t the plan. The guy in charge, that’s Paul (Levesque), felt it wasn’t working and that was it. Where they go with Corbin, I don’t know. It felt very much like a burial for Corbin…He’s had so many gimmick changes. There’s nothing wrong or right with him but in the pantheon of stars, he’s just not at that top star level. I think they wanted him to be at that level and they gave him every chance to be at that level. He’s just a guy. A tall guy but he’s just a guy.”
