The latest reports reveal that Vince McMahon plans to return to WWE and his vision for the company.
He retired from WWE on July 22, 2022, following multiple lawsuits alleging misconduct and infidelity. His daughter Stephanie took over as Chairwoman and shared the Co-CEO position with Nick Khan, while her husband Paul Levesque (Triple H) took over creative duties as WWE‘s Chief Content Officer.
The Wall Street Journal reported in December 2022 that the 77-year-old was facing new financial compensation demands from his alleged victims. The former WWE referee Rita Chatterton demanded $11.75 million, while McMahon allegedly assaulted a former spa manager in California for an undisclosed sum.
In addition, the report claimed Vince McMahon wanted to make an audacious return to WWE and sell the business. The Wall Street Journal clarified the former CEO’s plans to sell the sports entertainment giant.
Due to his ownership of class-B stock, Vince holds the majority of power in WWE. He plans to return to the board by electing himself and two former co-presidents and directors, Michelle Wilson and George Barrios, as well as running for the position of executive chairman.
WWE stock prices rose significantly on Thursday as a result of these rumors. Vince McMahon sent out a press release explaining his desire to maximize long-term value for all shareholders.
In addition to the creative manoveurs and numerous talent returns, Triple H and Stephanie McMahon have promoted the WWE product extensively in their best-selling markets. As a result, the locker room panics at the news that Vince McMahon is returning to Titanland.
Vince McMahon plans to return to WWE for what reason?
According to Dave Meltzer, Vince probably misses the thrill of working in the world’s largest wrestling company.
“When you think back at Vince the person, it’s not a surprise. I think that he probably misses doing this. It was his life… From a business standpoint, the fans are gonna be fans no matter what. But from a perception situation to the public at large, to sponsors and stuff like that, it would have a negative taint to the company.”
Time will tell if Vince McMahon will move at the end of next year. The current television deals for RAW and Smackdown ends in October 2024.