WWE Stock Closes With Big Gains As Vince McMahon Returns To The Company

Vince McMahon sent out a press release saying that he needs to return to the company in order to facilitate the sale of WWE. Just a few hours later, WWE confirmed via a press release that Vince McMahon is back on the board of directors. Now, WWE’s stock is on the rise as investors prepare for a sale.

Since the news of his return broke, several WWE Superstars have shown concern regarding the company’s future direction. WWE also addressed these concerns by sending out a letter to employees saying that Stephanie McMahon and Nick Khan will remain as co-CEOs and Triple H will remain as Chief Content Officer.

Despite concerns from several people. WWE’s stock price rallied and closed the day with massive gains of 16.98 percent from yesterdays close. The news of Vince’s return and a possible sale of the company could be what has caused the price to skyrocket.

The next few weeks will be crucial for WWE now that Vince is back in power. We will have to wait and see if he is there solely to facilitate the sale of the company or will resume creative control of the company. Stay tuned to Ringside News as we keep you updated on this story.

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