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.
Karrion Kross was asked about Vince McMahon being back in WWE as the Executive Chairman of the Board of Directors. In reaction to it, Kross said those who he has spoken to, his personal friends are not concerned or afraid for their jobs and thinks everyone is ready to adapt.
It’s in my news feeds, it’s everywhere. It’s inescapable at this point. But the people that I have spoken to about it, like my personal friends in the business, no one’s really concerned or afraid for their job. All of us are ready to adapt… I think everyone’s just taking it day by day to see where everything lands, and we’re all trying to remain optimistic.
