Vince McMahon sold WWE, and he is still in power within the company. This is a feat that will be taught in business school for years to come, especially considering how he essentially used the company’s media rights talks to hold them hostage for his comeback. Now, it seems that he is back in creative, but not as heavily as he was before.
Endeavor is now the controlling owner of WWE, and they will merge UFC and WWE into a new publicly traded company. This shocked a lot of people, but the show must go on.
While appearing on CNBC, Vince McMahon was asked how much involvement he will have on the creative side of things. Mr. McMahon was very forthcoming about the fact that he won’t be “in the weeds,” but he will still make the big calls.
Yes and no, on a higher level, yes, in the weeds, which I have always been in the weeds in the past, no, can’t do that.
Vince McMahon will continue with WWE, and his involvement could vary depending on the situation. It will be interesting to see how “in the weeds” he gets on a daily basis, and whether he remains a consistent face backstage in WWE at the Gorilla Position.
What’s your take on Vince McMahon selling WWE to Endeavor? Was it the right move and best for business? Sound off in the comments!