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Effect Of “Vince McMahon Selling WWE” News On The Stock Price

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• Effect Of “Vince McMahon Selling WWE” News On The Stock Price

Vince McMahon was forced to retire from all positions in WWE due to the hush money scandal last year.

However, a few weeks back, reports came out that Vince regrets making the decision to retire, as he thinks the whole thing would’ve settled down soon, and blames his close people for giving him bad advice.

According to a new report by the Wall Street Journal, Vince is now planning to return to WWE to sell the company.

McMahon still has majority voting power in WWE and he has told the higher-ups in the company that he is electing himself and two former co-Presidents and Directors, Michelle Wilson and George Barrios, to the Board. This move will require 3 current Directors to vacate their positions.

According Brandon Thurston, WWE’s stock price increased by 12% after this news came out:

“WWE stock is up 12% currently in after-market trading. Possibly driven by the notion Vince will come back to sell the company.”

Also Read: Vince McMahon Is Holding WWE Hostage With His New Demand

WATCH: Stephanie McMahon N!p-Slip (Wardrobe Malfunction) – Part 2:

• ON THIS DAY IN WWE HISTORY (January 5, 2004) – WWE Monday Night RAW

On this day in 2004, World Wrestling Entertainment aired another LIVE episode of their weekly TV show ‘WWE Monday Night RAW’.

This episode was broadcasted from The Pyramid in Memphis, Tennessee and featured matches & storyline segments on the road to the ‘WWE Royal Rumble 2004’ PPV.

Here’s the official card from that night:

1. Spike Dudley vs. Rene Dupree

2. Chris Jericho & Christian vs. Rosey & The Hurricane

3. Steven Richards vs. Test

4. Molly Holly vs. Trish Stratus

5. Rob Van Dam vs. Mark Henry

6. World Tag Team Titles: Ric Flair & Batista vs. Dudley Boyz

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