Vince McMahon is back.
Following the news that Vince McMahon was looking to return to WWE, it has now been confirmed that a comeback is well underway. On January 5th, as WWE’s majority shareholder, McMahon elected himself back onto the Board of Directors, and brought with him former co-presidents Michelle Wilson and George Barrios. The power-play would see McMahon replace three current board members, assume control of the company and reportedly look to sell.
Vince McMahon Back On WWE’s Board Of Directors
In a filing with the United States Securities and Exchange Commission it has now been confirmed that McMahon has “acted by written consent” to remove three board members.
“On January 5, 2023, the Reporting Person acted by written consent (the “Written Consent”) to remove JoEllen Lyons Dillon, Jeffrey R. Speed and
Alan M. Wexler without cause as directors of the Issuer and to fill such vacancies by electing the Reporting Person, George Barrios and Michelle Wilson as directors of the Issuer.”
This news follows an earlier report which claimed that McMahon had a previous return blocked by the Board of Directors. However, due to being majority shareholder, McMahon was able to take a different route.
McMahon’s comeback is said to have stunned many within the company, with some already reportedly looking to leave.
Vince McMahon retired from his role as WWE Chairman on July 22nd, 2022 surrounded by numerous allegations of sexual misconduct. This has been followed by further allegations of sexual assault. It is claimed that McMahon paid more than $12 million to the women involved in hush money in an attempt to suppress the allegations.