Vince McMahon made it clear that, as majority shareholder, he will block any media rights deal that goes down without him in control. That being said, if the company wants to carry on, then he needs to be reinstated into power. He also has reported plans to sell the company at this point, something that shot up the company’s stock price overnight. He would return to the WWE Board Of Directors as of this morning.
PW Insider noted that this new situation in WWE sparked a huge amount of shock around the company. Those in Vince McMahon’s “inner circle” aren’t too surprised, but that is a select number of people.
“It pretty much shocked everyone we have spoken with. I would say that except for the most inner circle, this absolutely took them by surprise.”
PWInsider.com
It was also noted that, “The company morale has gone up exponentially since Vince ‘retired’ so a lot of people are wondering what things will look like in the days ahead. There is also reportedly, “Lots of trepidation for sure. We’ve heard from some who have said if he’s back, they want out, but whether that actually happens remains to be seen.”
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