Menu
What's new
Troll Kingdom

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Vince McMahon back at WWE ahead of media rights negotiations

C-40

C-40

NEW AGE POSTING

Vince McMahon back at WWE ahead of media rights negotiations​


Former WWE CEO Vince McMahon, who remains the controlling shareholder of the wrestling organization, will return to the company to "fully capitalize" on the upcoming media rights negotiations, he announced Thursday. McMahon, 77, retired over the summer following allegations of sexual misconductthat included non-disclosure agreement payments. Though McMahon used personal funds for the NDA payments, he failed to record those expenses, which totaled $19.6 million. WWE's rights deals with Fox and USA expire next year; negotiations are expected to begin later in 2023. WWE posted its first billion-dollar revenue year in 2022. McMahon bought the company from his father in 1982 and built the then-WWF into the preeminent wrestling company in the world.Before McMahon delivered written consent of his plans to the board, he sent two letters in late December in which he expressed the urgency of his return, according to the press release. Before McMahon delivered written consent of his plans to the board, he sent two letters in late December in which he expressed the urgency of his return, according to the press release.

Click Here For Full Story


Related Links:

WWE board opens inquiry into CEO Vince McMahon
Click Here For Full Story
By: CeeJay | June 17, 2022

The board of World Wrestling Entertainment is investigating a secret $3 million settlement that company CEO Vince McMahon agreed to make to a former employee over an alleged affair, according to a Wall Street Journal.
Click to expand...
 

Stephanie McMahon resigns from WWE; Nick Khan now sole CEO​


Stephanie McMahon announced her resignation as co-CEO of WWE on Tuesday evening, less than one week after her father, Vince McMahon, came out of retirement and returned as chairman of the board. Stephanie McMahon was also chairwoman of the publicly traded company before her father's return Friday. She shared co-CEO duties alongside Nick Khan, who is now the sole CEO of WWE. Her husband, WWE Hall of Famer Paul "Triple H" Levesque, remains firmly in place as the person driving WWE's weekly TV storylines. a position he rose to after Vince McMahon, who had been in charge of creative since 1982, initially stepped away from the company in July. In a statement announcing his return on Thursday, Vince McMahon said the move was made to "fully capitalize" on WWE's upcoming media rights negotiations. The wrestling company's network deals with USA and Fox for "Monday Night Raw" and "Friday Night SmackDown," respectively, expire next year.

Click Here For Full Story
 

How WWE's Vince McMahon ruthlessly got his job back despite allegations of sexual assault and misuse of company funds​


Professional wrestling is known for its outlandish, dramatic stories that have captivated generations. It's an athletic soap opera built on emotional drama with wrestlers sometimes scheming in the background for months only to make their move at the opportune moment, drawing crazed reactions from arenas packed with fans who have followed every beat. But the real-life saga playing out in World Wrestling Entertainment's corporate office over the last several weeks surpasses even what most of what those performers and their backstage colleagues could dream up. The stunning and swift developments have the wrestling world reeling, with rumors of a sale burning up Wrestling Twitter and people inside and outside the company wondering what it all means for the future of WWE and professional wrestling itself.

Click Here For Full Story
 

WWE shareholders file second lawsuit against Vince McMahon even as he amends bylaws to take more control​


More WWE shareholders are taking to court to argue that Vince McMahon is acting against their best interests while he simultaneously takes more actions to ensure he doesn’t have to listen to them. The language in the lawsuit is similar to a previous suit filed in the same court by WWE stockholder Scott Fellows, and the essence of the complaint is the same: that McMahon stacked the board with hand-picked directors and threatened to withhold his support over media rights or sale negotiations if he wasn’t reinstated as executive chairman.

Click Here For Full Story
 

Vince McMahon reportedly wants at least $9 billion for potential sale of WWE​


  • Ex-WWE CEO Vince McMahon reportedly wants at least $9 billion for the company, according to Bloomberg.
  • McMahon returned to WWE's board in January after stepping away last year amid sexual misconduct allegations.
  • He has been considering a sale since his return, and several bids reportedly have been submitted.
Former CEO Vince McMahon reportedly wants at least $9 billion in a potential sale of World Wrestling Entertainment, Bloomberg reported Friday. McMahon, who spent
decades growing WWE into an entertainment giant, stepped away from the company last year amid investigation into allegations of sexual misconduct and millions of dollars attached to nondisclosure agreements. At the time of his return, WWE said it would "undertake a review of its strategic alternatives with the goal being to maximize value for all WWE shareholders," which many took to mean the company was considering a sale.

Click Here For Full Story
 

The WWE Is Putting Vince McMahon's Name On WrestleMania Advertising, Which Has Fans Concerned​


Vince McMahon welcoming fans back on Smackdown.



WrestleMania 39 is just around the corner, and since the event is taking place in Hollywood, the WWE has gotten creative with its advertising. The wrestling organization has made fake trailers and posters parodying popular movies as a way to drum up attention for the big two-night event, and it's working. Unfortunately, some people might be focusing on the wrong details, as one eagle-eyed fan noticed that at least one of the promotional images features Vince McMahon's name. Seeing Vince McMahon's name on a piece of advertising for WrestleMania 39 is surprising. While the WWE has brought back McMahon amid his various scandals and controversies to negotiate a sale of the company, he hasn't been a part of any filmed segments or returned in any capacity as an on-screen character. Throwing his name in the promotion as an Easter egg is uncharacteristic of what we've seen in previous months from the WWE.

Click Here For Full Story
 

WWE: Big update on 'meetings' set for Vince McMahon's sale​


Vince McMahon is set to hold meetings with potential buyers of WWE next month, it has been claimed. McMahon returned to WWE in January following his retirement in July 2022, immediately announcing his intention to sell the company.While news on who could buy WWE has been somewhat quiet lately, it seems like that could be about to change come April.

Click Here For Full Story
 

The Undertaker: I Thought Vince McMahon Was Ribbing Me When He Retired​


Thr Undertaker discusses Vince McMahon‘s retirement, his subsequent return, and Triple H‘s run as the head of creative. “The Phenom” had a legendary 30-year career, and he was inducted into the WWE Hall of Fame in 2022. Throughout his time with the company, he formed a close relationship with WWE CEO Vince McMahon, who retired on July 22, 2022 amid a WWE board investigation into allegations of sexual misconduct and hush money. Following his retirement, Triple H was named as the head of creative. McMahon later returned to WWE on January 6, and he was voted the Executive Chairman of the Board on January 10, 2023.

Click Here For Full Story
 

Ex-WWE boss Vince McMahon pays back $17.4M in investigation costs​


World Wrestling Entertainment Inc. said Friday that executive chairman Vincent McMahon had paid $17.4 million to the company to cover costs related to an investigation into his alleged misconduct. McMahon, credited with transforming WWE from a regional player to a global giant, retired as CEO and chairman of the company last July. He returned to the board in January, after the probe was wrapped up.

Click Here For Full Story
 

Vince McMahon Says “I’ve Made Mistakes” But “Owned Up To Every Single One” As WWE And UFC Finalize Merger​


Vince McMahon called Monday “a great day” as his iconic company announced plans to sell a controlling stake to Endeavor in a merger with mixed martial arts firm UFC. “Things have to evolve. A family business has to evolve, for all the right reasons. And this is the right business decision, and it’s the right family decision,” he said in an interview today on CNBC. McMahon’s father founded WWE in 1953 and colorful Vince McMahon has been its public face for decades, growing it into an international powerhouse. But the majority owner of WWE stepped down as CEO, then from the board in 2022 amid a scandal over payments to hush up sexual encounters. He returned as a director last year to explore strategic alternatives, i.e. a sale. WWE had to restate some of its earnings to incorporate the payments. It launched then closed an internal investigation. Last week, McMahon agreed to pay the company more than $17 million to reimburse costs of the probe.

Click Here For Full Story
 

Vince McMahon, WWE Sued by Former Writer; Alleges Retaliation over 'Racist' Scripts​


A former WWE writer has filed a lawsuit against the company and Vince McMahon for alleged retaliation she faced for raising objections to scripts that contained "offensively racist and stereotypical jargon" for Black wrestlers. Per Annelise Gilbert and Mike Leonard of Bloomberg Law, the lawsuit was filed in U.S. District Court for the Eastern District of New York on Monday by Britney Abrahams. Abrahams, who is Black, was hired by WWE as a writer for Raw and Friday Night SmackDown in 2020. Among the complaints alleged by Abrahams in the lawsuit were the use of racial and gender stereotypes in scripts, including one that instructed current Raw women's champion Bianca Belair to say "Uh-Uh! Don't make me take off my earrings and beat your ass!"

Click Here For Full Story
 

Booker T Says It’s Surreal That Vince McMahon Won’t Have Full Control Of WWE Soon​


Booker T never thought he’d see the day when Vince McMohon didn’t have full control over WWE. WWE Hall of Famer Booker T recently sat down with Scott Fishman of TV insider to discuss a wide variety of subjects. When asked if he drew any comparisons in his mind to the recent announcement that WWE and UFC would merge under the Endeavor banner to the AOL/Time Warner merger in the 1990s that was the beginning of the end for WCW, Booker T said that it didn’t and believes this merger will end up making WWE even stronger than before. Booker ever thought he’d see the day when Vince McMahon didn’t have full control over over WWE.

Click Here For Full Story
 

Vince McMahon Exits Investor Cases After $17.4 Million Payment​


  • Investors say case is moot after McMahon repaid costs of probe
  • Move effectively ends Delaware litigation over his WWE return

Vince McMahon is free from investor litigation in Delaware over his surprise return to the WWE Inc. board amid “horrifying” sexual assault and hush money allegations. Shareholders leading the consolidated lawsuit agreed to drop it Wednesday, saying their claims became moot when McMahon agreed in late March to repay $17.4 million the company wracked up investigating him. Vice Chancellor J. Travis Laster granted the motion the same day. The payment appears to cover only the cost of the probe, not the nearly $20 million McMahon allegedly paid his accusers since 2007. Counsel for the WWE investors indicated they plan to seek a “mootness fee” as a reward for their role in forcing McMahon’s hand. A different group of shareholders is already seeking a mootness fee after dropping a related case when McMahon walked back some bylaw changes he’d pushed through as part of his corporate coup in early January. McMahon had left the board in mid-2022.

Click Here For Full Story
 
You must log in or register to reply here.
Top