Talha Asad Iqbal on January 17, 2023
Vince McMahon made headlines when he forced his way back into WWE in cutthroat fashion. He was able to pull some strings and reclaim his position as executive chairman of the company. Now he is looking to sell the company, and he has some support from Jeff Jarrett.
Vince McMahon was able to change the company’s bylaws to state that no media rights deals can be approved without the majority shareholder’s consent, who just so happened to be him. Now that McMahon is back as the chairman and has full control over the company, a prominent WWE Hall of Famer weighed in on what Vince should do with his reclaimed power.
On the latest “My World” podcast, Jeff Jarrett discussed what Vince should do with the company with co-host Conrad Thompson. Jarrett heard out Thompson’s take on what direction McMahon should take the company before giving his own two cents.
“I was asked that from a couple different people and I said, ‘Why don’t you ask me what I want to see happen?'”
Jeff Jarrett believes that wrestling promotions perform much better when privately run. Jeff Jarrett has plenty of experience running wrestling promotions under his belt such as WWA, TNA and GFW.
“The professional wrestling industry is run much better in a private setting because there’s a vision, there’s a final decision maker, the buck stops with one person, it’s just how I think the success of our industry can thrive,”
Double J went on to say that WWE going private is going to be so much better for the pro wrestling industry. One of his main reasons was that a publicly run wrestling promotion would run at the beck and will of Wall Street.
“I think the wrestling industry can be much more successful if WWE is private for all the obvious reasons and some not so obvious. In your public world, in a lot of ways, your boss is Wall Street and how much context does Wall Street really have in our industry?”
Saudi Arabia is the only perspective buyer who might take the company private. They are also the only likely buyer who might keep Vince McMahon around. Since Vince McMahon doesn’t need permission from the shareholders to make any decisions anymore, he can do anything he wants at this point.
It remains to be seen what direction Vince is going to take WWE now that he has full control. Obviously, we’re only a couple of weeks into 2023 so far, so anything can happen. For more updates, stay tuned to Ringside News.
What’s your take on WWE going private? Let us know how you feel in the comments below!
January 17, 2023 5:52 pm
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