Vince McMahon officially restored to WWE board as rumours say he may sell up

  • Bookmark
  • Get the latest wrestling news and takes direct to your inbox

    We have more newsletters

    Former WWE chairman and CEO Vince McMahon has made a shock return to the company in a "new role" amid rumours of a potential sale of the wrestling platform.

    McMahon parted ways and retired from the industry in July last year amid a slate of internal investigations and allegations of affairs with WWE employees.

    But the 77-year-old former Chairman is back with the company amid rumours that McMahon is looking to sell on the flagship wrestling company to new owners, according to the Wall Street Journal.

    READ MORE: WWE to bring historic Money in the Bank show to the UK for the first time ever

    A recent filing with the United States Securities and Exchange Commission has made such an appointment official, with McMahon reinstated with the WWE in a "new role" according to documents.

    The former WWE and ECW Champion has requested a position as the Executive Chairman of the Board, which requires the consent of the Board of Directors.

    His new role, as the documents show, will allow McMahon "unified decision making through the Company's upcoming media rights negotiations" as well as a "full review" of "strategic alternatives".

    McMahon is believed to know a "right course of action" for the company, which sees the company enter a "critical juncture".

    Such a role would give McMahon the ability to sell the company, sparking rumours that the he could be looking to cut ties with the brand and sell it on to new owners.

    • Twitter staff 'begging Elon Musk for toilet paper' after billionaire sacks cleaners

    Currently WWE is being led by a management team of Nick Khan, Vince's daughter Stephanie McMahon and her husband Triple H.

    Despite rumours of potentially looking to sell the company, McMahon's return has sparked a brief comment from the former owner, who said that he does not intend to shake up the company.

    He said: "WWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or responsibilities."

    McMahon also noted he had "full confidence" in the current team, and is joining up with the WWE once again to set forth the aforementioned strategic alternatives and review of the company.

    Legal documents note that the "two initiatives require Mr. McMahon's direct participation, leadership, and support as controlling shareholder."

    For the latest breaking news and stories from across the globe from the Daily Star, sign up for our newsletter by clicking here.


    • WWE legend 'Hacksaw' Jim Duggan holds burglar at gunpoint in terrifying break-in drama
    • CJ 'Lana' Perry ready to shut down 'Hot Flexible Wife' content for 'free' WWE return
    • Top Brit wrestler tells 'd**khead' PM Rishi Sunak to 'pay nurses' during live TV rant
    • Ex-WWE star Sasha Banks makes 'f***ing surreal' Japan debut after walking out of company
    • Mandy Rose thanks fans for 'love and support' as she promotes racy page after WWE firing
    • Vince Mcmahon
    • WWE
    • Wrestling

    Source: Read Full Article