Vince McMahon at WWE Raw held at the Verizon Center, Washington DC, USA

Vince McMahon Reportedly Plotting Return To WWE Amid Sale Reports

Home / News / Vince McMahon Reportedly Plotting Return To WWE Amid Sale Reports

By Afouda Bamidele on January 6, 2023 at 3:30 PM EST

It looks like Vince McMahon is returning to the WWE boardroom!

After he got hit with shocking allegations concerning sexual misconduct and giving hush money, in a surprising move, he retired from WWE to probably weather the storm for a bit. 

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Vince McMahon Teases Return to WWE Amidst Sale Reports 

Even though he formally retired due to misconduct reports, the 77-year-old still has majority voting rights as the company's owner and former chief executive. 

Confirming his return to the wrestling giant, he submitted a written consent which would elect him and former directors Michelle Wilson and George Barrios back to the board. Per Metro, the businessman was reported saying:

"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." 

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Vince McMahon speaking during a Press conference to announced that Sun Life Stadium will host WWE's WrestleMania XXVIII on Sunday April 1, 2012 at Fontainebleau.Miami Beach, Florida
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He added that the only way for the company to get the full benefits of the opportunity was for him to return and help the management team during negotiations for their media rights alongside an assessment of strategic alternatives.  

McMahon stated this return would foster a more effortless engagement between WWE and any transaction counterparties because they would be aware of the support from a controlling shareholder. 

He also noted his interest in working collaboratively with the "Board and management team," especially Wilson and Barrios. Describing them as "highly qualified directors," he said their years of professional experience would help the company gain the best possible outcomes in the initiatives. He continued saying:

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"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." 

The former CEO disclosed that he believed in the exceptional prowess of the team and did not intend to disrupt their "duties, roles, or responsibilities." His statement is coming on the heels of the "Wall Street Journal report," which revealed that he allegedly paid hush money to multiple women after being accused of affairs and sexual misconduct.

He also informed the board that he wanted to return to help lead the review process. The report also noted that the board responded favorably to the request but unanimously agreed that the decision might not be in the best interests of their shareholders. 

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According to the publication, sources disclosed that the former wrestling promoter told them he would only support or approve any media rights deal or sale if he were directly and actively involved. 

Vince McMahon
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While discussing his retirement, he expressed confidence in the bright future of WWE and the team. He added, "I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – particularly, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan."

He noted that his continued support was assured and thanked the community, shareholders, business partners, and Directors for their guidance and support. 

'Alpha Entertainment' Owner Set To Release New Memoir

Almost no one would turn away a book filled with twists, turns, and intrigue. This might be the case if the story of WWE CEO Vince McMahon is written and released. The Blast shared that the former professional performer has been shopping for publishers for his memoir. 

It will be a fascinating story focusing on his rise and building his multibillion-dollar enterprise. According to Page Six, "It is essentially his memoir about building WWE. There have been other bios on him and WWE in the past, but this is very much his memoir told in his voice about his rise and life." 

It was also revealed that the memoir is one of many mediums out there interested in telling his story, as it will also be featured in the series "The United States of America Vs. Vince McMahon." 

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This TV show will cover his 1994 trial, where he was accused of making steroids available to WWE talent and was later acquitted of all charges. In addition to that, a four-part documentary to star on Netflix is also in the works.

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