Former WWE CEO Vince McMahon plans to return to the company to 'fully capitalize' on the upcoming media rights negotiations, he announced Thursday.
It took a few years, but the WWE has - to use a popular term in the business these days - acknowledged Philadelphia and made it official.Former WWE CEO Vince McMahon, who remains the controlling shareholder of the wrestling organization, plans to return to the company to "fully capitalize" on the upcoming media rights negotiations, he announced Thursday.
After McMahon stepped away, his daughter, Stephanie McMahon, and Nick Khan, a longtime agent at CAA, assumed the roles of co-CEO. In his announcement, Vince McMahon said he is asking to be reinstated as executive chairman of the board of the publicly traded company, along with chair seats for former WWE co-presidents Michelle Wilson and George Barrios.
He added: "My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder." When McMahon stepped down, his son-in-law, WWE Hall of Famer Paul "Triple H" Levesque, replaced him as the person in charge of the creative direction of the company's TV storylines.
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