Vince McMahon has returned.
Vince McMahon is returning to the WWE board of directors with WWE co-presidents Michelle Wilson and George Barrios a new filing shows. Independent directors Alan Wexler, JoEllen Lyons Dillon, and Jeffrey Speed have been removed. The filing shows that Vince McMahon has made changes to WWE’s bylaws so media rights deals and any company sales can’t be made without his approval. The filing also includes emails Vince has sent to the board. You can view the full filing by clicking here.
On Thursday, Vince McMahon released a press statement in an effort to return to the company to participate in media rights negotiations. He said; “WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms. The only way for WWE to fully capitalize on this opportunity is for me to return as Executive Chairman and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives. My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder.”
Vince McMahon retired in July of 2022 during a board investigation of sexual misconduct and hush money allegations. Though he retired, Vince retained majority voting power due to his ownership of WWE Class B stock. Now, six months later, he’s back.
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