Vince McMahon shocked the world last year when he announced his retirement and he shocked the world again this week when he returned to the WWE Board of Directors to pursue a sale of WWE ahead of the upcoming media rights negotiations. Following Vince McMahon’s return WWE held an employee meeting on Friday.
Fightful Select reports that talent were not involved in the meeting and no questions were taken. Stephanie McMahon, Frank Reddick and Nick Khan led the meeting and spoke about Vince McMahon being controlling shareholder as well as the media rights deal and the possibility of a sale. It was reportedly stressed that the day to day operations in WWE will not be changing across the board.
While talking about a potential sale it was noted that it could be a huge positive for the company, and they would be looking at potential offers for a sale before negotiating the rights fees. Vince McMahon will have the final say. It was also added that a sale might not happen, and if there is a sale the company could be taken private.
It was portrayed during the meeting that this move is being made to maximize rights fees and a potential sale price. Michelle Wilson and George Barrios returned to the WWE Board of Directors along with Vince McMahon and it was mentioned that they helped sell WWE’s biggest deals when it comes to rights fees.
Vince McMahon was not at the SmackDown tapings or WWE HQ. WWE also reiterated to Fightful in an official capacity that as of now WWE creative is not expected to change. Stay tuned for updates as they become available.
