On December 13th sensational reports emerged that Vince McMahon wanted to return to WWE. Even more incredibly, this same report also included news of more legal strife for the former WWE Chairman and another alleged sexual assault.
While there appears to be little appetite from those within the company for a McMahon comeback, other public figures have called him for him to return. It was reported that even some of McMahon’s closest allies felt that it would “cripple the company” but names such as Ric Flair and Teddy Long said that he should be allowed to resume his role at the top of the company.
Long in particular was adamant about McMahon coming back, claiming that he didn’t see why he needed to step down. The WWE Hall of Famer added that he would “like to see him come back.”
Vince McMahon Rumours Cause WWE Stock Price Drop
The speculation around McMahon attempting to return to WWE has already had a negative effect on the company stock price. Writing in the Wrestling Observer Newsletter, Dave Meltzer reported that on December 29th the price closed on $68.52 per share.
“Because of concern about Vince McMahon trying to come back, the stock has fallen, closing on 12/29 at $68.52 per share and giving the company a market value of $5.098 billion.”
The latest report around McMahon revealed that he is refusing to meet legal demands of two women he allegedly sexually assaulted. One of the women is former referee Rita Chatterton who is seeking $11.75 million in damages for an alleged rape committed by McMahon back in 1986. It is also alleged that the former WWE Chairman sexually assaulted a spa owner at a resort in California in 2011.
Despite these allegations, McMahon reportedly told those close to him that he regretted stepping down as Chairman. He said that he had acted on bad advice and felt he could have remained in position as the controversy would eventually pass.
Vince McMahon retired from his role with WWE in July 2022 after a string of sexual misconduct claims were made against him, while it is alleged that he paid more than $12 million in secret settlements to supress the allegations.