Below are some top WWE news stories of the day, involving Vince McMahon and The Bump.
• Fans are speculating that Vince McMahon might be removed from his position in TKO Group Holdings after the latest allegations against him.
UPDATE: Vince McMahon Resigns From TKO, Issues Statement
According to TKO’s Certificate of Incorporation filed with the SEC last year, McMahon retains the rights to his position until he resigns, passes away, or becomes incapacitated:
“7.2 Executive Chair. Notwithstanding Section 7.1(b), Vincent K. McMahon shall serve as the Executive Chair of the Board (the ‘Executive Chair’) until the earliest of his death, resignation or Incapacitation.
Any vacancy of the Executive Chair (which, if Mr. McMahon is the initial Executive Chair, shall initially only occur upon the death, resignation or Incapacity of Mr. McMahon) shall be filled by the Board by the affirmative vote of a majority of the Directors.”
Brandon Thurston noted that amending the mentioned section in TKO’s Governance Agreement may necessitate a majority vote from TKO shareholders, and all parties, including Vince McMahon, would need to provide their approval for the amendment.
Also Read: Bad News For WWE Royal Rumble 2024 Due To Vince McMahon
• On this week’s episode of WWE’s The Bump, comedian Jay Pharoah did an impression of Triple H, where he named dropped AEW.
Here’s what he said:
“All these different talents, I got AEW, I got the WWE, I’ve got the WCW, all under one umbrella, so I’m making money.”
You can watch it below:
Jay Pharoah casually references AEW while doing a Triple H impression on WWE's youtube channel💀💀 pic.twitter.com/o4Na4RWsff
— Pablo the Wrestling Duck (@Pablotheduck084) January 24, 2024
WWE later edited out the AEW part from their YouTube video for The Bump.
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