WWE Is ‘Plowing Ahead’ Despite $11.75 Million Assault Lawsuit Against Vince McMahon

Vince McMahon made headlines when he brute-forced his way back into the company amid allegations of sexual assault and a hush money scandal too. Through an unexpected chain of events, Vince McMahon managed to reinstate himself as the executive chairman of the company. Now, they are carrying on despite all the noise around Mr. McMahon.

The motive for Vince McMahon’s return was to snag a media rights deal and to be at the forefront of sale negotiations. According to Vince McMahon, his presence was warranted for the sale of WWE.

The question that has been on many minds is how the allegations pinned against the chairman would influence the decision of potential investors. It seems the current CEO of WWE has given the answer to that.

WWE CEO Nick Khan recently appeared on The Bill Simmon’s podcast where he addressed the current state and direction of the company among other topics. When asked whether suitors for the company are going to wait out to see how the possible Rita Chatterton lawsuit plays out Khan had this to say.

“I think everyone’s just plowing ahead, You just move forward, right? Because in all of these businesses, there’s never a clean, clear path. There’s always some incumbrance something in the way, some hurdle in the way that you have to get around or get through. So I see that, like I would any other item like it.”

Former WWE referee Rita Chatterton is seeking $11.75 million in damages from WWE’s former CEO, Vince McMahon, over an alleged rape that occurred in a limousine in 1986. Chatterton, who was the first female referee in WWE history, initially broke her silence about the alleged rape in 1992. McMahon, who has denied the allegations, retired as CEO and Chairman of WWE earlier this year after it was reported that he authorized hush money payments to several women.

According to The Wall Street Journal, Chatterton’s attorney, John Clune, sent a demand letter to McMahon’s lawyer on November 3rd. In the letter, Clune stated that the effects of McMahon’s alleged actions were “hard to overstate,” and that Chatterton has suffered from years of ongoing depression, substance abuse, disordered eating, lost income, and overall a decreased quality of life.

Nick Khan used to share the position of CEO with Vince McMahon’s daughter Stephanie McMahon. Now Nick Khan is the sole CEO of WWE as his Co-CEO has given her resignation after her father’s return to the company.

It remains to be seen what will happen in WWE for the next few weeks. Many have speculated that the company could go private. For the latest updates, stay tuned to Ringside News.

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