Vince McMahon Did Not Demand Power In Endeavor Deal
Vince McMahon did not demand to be restored to power in WWE as part of the Endeavor deal.
During WrestleMania weekend, it was announced that Endeavor had purchased WWE and were planning to merge the two companies into one entity. Vince McMahon will remain in power throughout the deal and fans believed this was a big part of the deal.
While speaking to Lightshed Partners, AEW CEO Nick Khan was asked about the WWE merger with UFC. He would mention that McMahon being in power was not his idea.
“Look, it was exactly that, it was a fulsome process, there was a robust response. It was a clean process, multiple offers. At the end of the day, I think that for our shareholders, the Endeavor flywheel, international sales and sponsorships marketing, subsidies for live events, live event programming. All of those things mattered where the final conversation between Vince and myself was, ‘okay, we could do all these things ourselves, but it would be ten years,’ and then Endeavor would be ten years better and at point Vince would be 87-years-old. Specifically, Ari asked Vince to stay on as the executive chairman. It was not an ask from Vince.”
Nick Khan
Elsewhere in the interview, Khan maintained that Triple H remains in power as the head of creative in the company, while Vince remains in an advisory role creatively.
H/T to Ringside News
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