Vince McMahon returned to WWE last month to pursue a potential sale of the company, but Vince’s return has left the wrestling world with a lot of questions about how involved he will be with the company in the future.
McMahon is currently on the Board of Directors and during WWE’s fourth quarter earnings call CEO Nick Khan was asked if Vince would be willing to resign if that’s what a potential new owner wanted. LightShed Ventures’ Brandon Ross asked Khan if he could tell investors with certainty that Vince would resign if a sale gave the most value to shareholders and Nick Khan said, “Yes. Without question.”
Khan then added, “He’s declared it to the Board. He’s declared it to us in management. It’s all about shareholder value. He’s obviously a shareholder so it’s not about what role he’ll have. It’s about maximizing that value opportunity.”
WWE reported a record $1.3 billion in revenue for 2022. Names like Comcast, Disney, Endeavor and Saudi Arabia have all been rumored as potential buyers, but as of this writing nothing has been confirmed.