• Vince McMahon Is Holding WWE Hostage With His New Demand
As revealed in the press release issued earlier today, Vince McMahon 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.”
In an update from the Wall Street Journal, Vince is basically holding WWE hostage now:
“Vince McMahon has communicated to the Board that unless he has direct involvement as Executive Chairman from the outset of a strategic review, he won’t support or approve any media-rights deal or sale.”
WATCH: Stephanie McMahon N!p-Slip (Wardrobe Malfunction) – Part 1:
• ON THIS DAY IN WWF HISTORY (January 5, 1985) – WWF Maple Leaf Wrestling
On this day in 1985, the World Wrestling Federation aired another episode of their weekly TV show ‘WWF Maple Leaf Wrestling’.
This episode featured pre-taped matches & interviews on the road to the first ever WrestleMania.
You can find the card below:
Tito Santana vs. Bobby Bass
The Spoiler vs. Jim Powers
Hulk Hogan vs. Terry Gibbs
Brutus Beefcake vs. Frank Marconi
“Dr D” David Schultz vs. Mohammed Saad
Barry Windham & Mike Rotundo vs. Carl Fury & Rene Goulet
