The former WWE Chairman ended up getting hit with yet another sexual assault lawsuit from two women recently. That was just the beginning, as Vince McMahon also wants to make his return to WWE after so many months.
According to Wrestling Observer Newsletter, Dave Meltzer noted that while Vince McMahon wants to return to WWE, the company cannot be sold in any way. He further explained McMahon’s role as the company’s largest shareholder.
“The first is that as long as McMahon is looking at returning, the company can’t be sold. If the company is sold, he would have no power to return.
Wrestling Observer Newsletter
His power is because he is both the largest shareholder in the company, and more importantly, the way his shares are determined as far as voting goes that he put together when the company went public to make sure he could never be voted out of power.
McMahon owned 37.6 per cent of WWE as of this past summer, but because his stock is determined differently than other stock, he controls 80 per cent of the voting power.”
Wrestling Observer Newsletter
We will have to wait and see if McMahon does return to the company.
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