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.
Dave Meltzer on the latest edition of the Wrestling Observer Radio stated that Stephanie McMahon and Triple H are supportive of his decision, only to get rid of Vince as the majority shareholder of WWE.
“From what I am told … you know … Paul and Stephanie…they are not oppose to sale, and they knew that … at some … those Vince’s shares were an albatross and at some point, somebody had to get rid of those shares anyway or Vince would take over … they were not like saying we have to sell … it’s Vince who pretty much made that call because the timing and … maybe, again … maybe he farther along the Saudi deal which is maybe where those rumors came from … and knew the timing and everything like that … because he jumped in, you know, for the sale … it’s not like they are opposed to a sale … it’s not like they champion the sale either … they were, either way [about it].”
Transcription by Ringside News
