Vince McMahon Planning Sensational WWE Return, Plans To Sell The Company

Vince McMahon entrance

Vince McMahon has purportedly begun the process for his WWE return.

As reported by the Wall Street Journal, McMahon’s intentions for the return are to sell the company. The article states that the former CEO still has the majority voting power in WWE due to the ownership of Class-B stock. McMahon intends to elect himself and former co-presidents Michelle Wilson and George Barrios to the board, having made the current Board of Directors aware of the move in December. The return of McMahon, Wilson and Barrios would also require 3 existing members to vacate their positions.

Vince McMahon Reportedly Planning To Sell WWE

The article continues, stating that if the return of Vince McMahon to the board of directors were to take place, the position of current co-CEO Stephanie McMahon “isn’t clear.” Stephanie McMahon took the CEO role along with Nick Khan following the departure of her father this past summer.

The return of Vince McMahon has been a divisive topic amongst the WWE Universe since rumours of a return circulated. While McMahon himself is reportedly planning to return to his previous employment, the news may not be welcome by those in WWE. It has been previously reported that numerous people were happy with the new regime and multiple higher-ups wanted nothing to do with a Vince McMahon return.

In one of the most shocking stories of 2022, the former WWE Chairman announced that he would retire from the company. The announcement came following multiple reports by the Wall Street Journal that multiple sexual harassment claims were made against Vince McMahon, with $12 million in secret settlement claims allegedly paid out.

The Wall Street Journal are reporting that the current market value of WWE is around $5 billion, with most of the revenue generated by content rights sales.

A Vince McMahon return to WWE had been previously discussed in late 2022, with the news having a significant impact on the share price of the company.

Inside The Ropes will provide updates to this story when they become available.