Vince McMahon Is Officially Back With WWE

Vince McMahon Is Officially Back With WWE

Vince McMahon retired from WWE in shame earlier last year, following a series of hush-money agreements coming to light thanks to the Wall Street Journal. However, three weeks ago, it became known he was looking to return to the company that he took global, feeling that all the negative feelings surrounding him would have blown over had he stayed in his role. And now WWE has issued a press release announcing he has returned to the Board of Directors and has brought with him Michelle Wilson and George Barrios, who are long-time allies of his.

Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” said Chairwoman & Co-CEO Stephanie McMahon, Co-CEO Nick Khan and Chief Content Officer Paul Levesque. “We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value.

corporate.wwe.com

From the sounds of it, Stephanie McMahon, Triple H, and Nick Khan will retain their current roles. Yet, how long that will be up for has to be up for discussion, as it’s hard to imagine McMahon would return to let others run the company. Nevertheless, there is serious speculation that McMahon has only returned to the company to facilitate a sale, and because of this, WWE stock has risen 24% in just one day.

JAMES RYDER

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