In a move that almost feels like a scripted pro-wrestling storyline come to life, Vince McMahon has seemingly forced his way back into World Wrestling Entertainment in an apparent bid to help facilitate the sale of the company.
McMahon stepped down in June from the company he created after an investigation was launched into his payment of hush money to various former female employees and allegations of sexual misconduct.
In what is still his last tweet as of this writing, McMahon announced his retirement:
At 77, time for me to retire.
Thank you, WWE Universe.
Then. Now. Forever. Together. #WWE #thankful— Vince McMahon (@VinceMcMahon) July 22, 2022
Trending:
As ESPN reported, McMahon was found to have paid $19.6 million (of his personal funds) to help keep the accusers quiet.
McMahon, despite stepping down, still owned the majority of voting power in the company, and that appears to be how he strong-armed his way back in.
As ESPN notes, the board had previously rebuffed an attempt by McMahon to return.
Have you ever watched pro wrestling?
Yes: 0% (0 Votes)
No: 0% (0 Votes)
The Wall Street Journal reported that McMahon felt like he had received bad advice from people in his inner circle who urged him to step down, which would explain his recent attempts to return to WWE.
In a joint statement from McMahon’s daughter, chairwoman and co-CEO Stephanie McMahon, her husband, chief content officer Paul Levesque, and other co-CEO Nick Khan, the trio also announced that the board of directors would see some shuffling.
“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” the statement said. “We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value.”
That same press release noted that McMahon has no intention “to have any impact” on the current infrastructure existing in the company.
In an apparent power move, and also to make room…
Source
Staff