• Vince McMahon Explains Why He Should Return To WWE (Full Statement)
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.
In an update, a press release was issued today, where Vince explained why it’s important for him to return ahead of WWE’s upcoming media rights negotiations (TV deals).
You can read Vince’s full statement below:
“WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms.
The only way for WWE to fully capitalize on this opportunity is for me to return as Executive Chairman and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives.
My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder.
Ms. Wilson and Mr. Barrios are highly qualified directors whose professional experience positions them well to help the Company achieve the best possible outcomes in both initiatives.
As former WWE Co-Presidents and Board members, they are intimately familiar with industry dynamics and the organization’s operations and have helped guide the Company through past successful media rights negotiations.
I look forward to working closely again with Michelle and George – as well as the Company’s remaining directors and management team, who have my full support and confidence.
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.”
WATCH: Stephanie McMahon Kisses Vince McMahon:
• ON THIS DAY IN WWF HISTORY (January 5, 1986) – WWF All American Wrestling
On this day in 1986, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF All American Wrestling’.
It featured pre-taped matches, interviews & storyline segments on the road to the ‘WWF WrestleMania II’ PPV.
The card can be found right here:
Tony Parisi vs. Steve Lombardi
The Dream Team vs. Leaping Lanny Poffo & Jim Powers
Update – Hulk Hogan’s Rock N Wrestling Cartoon
Macho Man Randy Savage vs. Ron Hutchinson
Mean Gene Okerlund interviews The Fabulous Moolah
Tony Atlas vs. Moondog Spot *joined in progress* (Boston Garden)
The Body Shop: Killer Bees
King Kong Bundy & Big John Studd vs. S.D. Jones & Jose Luis Rivera
Bobby Heenan interviews Big John Studd & King Kong Bundy