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WWE up for Sale - Vince returns / Steph resigns
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Vince McMahon is reportedly planning a return to WWE following his retirement amid a sexual-harassment scandal to pursue a sale of the business <a href="https://t.co/dnGP7sNuQY">https://t.co/dnGP7sNuQY</a></p>— philip lewis (@Phil_Lewis_) <a href="https://twitter.com/Phil_Lewis_/status/1611109798124343302?ref_src=twsrc%5Etfw">January 5, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
I can't read the article, hopefully the news sites offer more details soon |
Called it
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He ain't coming back to just sell the company unless there's a buyer lined up.
The question is who'd want to buy it? |
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Hahahahahaha yesssssssss
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He is also demanding the return of Michelle Wilson and George Barrios to leadership
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...which I think would basically require Steph and Nick Khan to be fired?
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Full scorched earth
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Oh man, he has just been sitting home plotting this. Lol
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He really hates his family, like fuck my kids and grandkids and their legacy.
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<iframe width="1082" height="721" src="https://www.youtube.com/embed/LKGyebOPUJU" title="WWE Vince McMahon - If Anybody's Gonna Kill My Creation......." frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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How hard is Tiny begging Shad to sell the Jaguars right now so he can buy WWE? :rofl:
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Remember how nobody could understand when Vince fired Michelle Wilson and George Barrios for no good reason, and it tanked the stock? Now these 2 are gonna be his trusted allies? They are gonna swerve him first chance they get!
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Yessss my unlikely 2023 pick is looking gooood!!!!
I may be misunderstanding it but this from the front page seems key... "It was also reported that McMahon informed WWE’s Board that unless he has “direct involvement” as Executive Chairman from the outset of a strategic review, he would not support nor apprive “any media rights deal or sale.”" Does this mean media rights/sales wont renew unless hes in charge? I.E. he kinda has them by the balls if they want to grow/take on more revenue from media sales? |
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But I agree with you Sting, it sure sounds like Vince will reject any new TV deals unless he is in charge again. The problem with that is he would be intentionally hurting the business, and the stockholders would have his ass dead to rights, which I imagine would be better long term anyways. Even as a private citizen, what he is alluding to would have legal recourse to at the very least relieve Vince of his controlling shares due to malfeasance. |
<iframe width="560" height="315" src="https://www.youtube.com/embed/tyZq55gFD4Q" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
The greatest event that can come out of this is Swede Savard and Miniak purchasing the WWE and Wrestlemania being held in their backyard. That would single handedly be the greatest moment in the history of our sport. |
I could very well see that happening!
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WWE has had 'no comment' since Vince released a PR statement independently
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His claim is the only way to get the optimal deal is with him negotiating. That makes his entire premise for return in accordance with the shareholders. That said if he isnt the CEO he doesnt have a fiduciary responsibility because *he's not an employee he's a shareholder.*
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"Bah Gawd, its Ted Turner with the steel cheque book!!!!" The real two man power trip. First part of that is serious, second is not. I guess also on a serious note as a share holder does he have a fudiciary duty to shareholders? My understanding from the article is hes making that threat as a shareholder where his only duty is to himself. Were the board to cave and reinstate a role for him he would again need to have WWE best interests at heart and hes essentially saying he then would fulfill that role. - Edit - That Dastardly Destor beat me by a minute! |
Yeah they're legally obligated to operate in his financial interests not the otherway around (even though he can absolutely argue he is acting in the companies interests)
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It is interesting he makes the case he would be the best person to negotiate the future sale/media rights when the current CEO was selected for the position primarily due to negotiating the largest media rights deal in WWE history.
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We can definitely debate the merits of his position. The truth is he wants his baby back and if he cant have it no one can.
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You gotta wonder if the company anticipated or expected this move since Vince stepping away was mostly a window dressing/PR move to deal with his negative press
It was clear at the time that he retained these powers so nobody in the company should be surprised I guess we’ll see if there’s any litigation over this. I doubt it. |
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He really just hates his family, that I stand by 100%. |
Y'all wanna start pooling our money together to make an offer?
I've got like $35 I can pitch in right now. |
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Maybe The Rock will buy it.
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Burn, baby, burn.
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Vince McMahon is back on WWE’s board of directors. <br><br>A new filing says effective immediately Vince puts himself, Michelle Wilson, and George Barrios on the board and removes independent directors Alan Wexler, JoEllen Lyons Dillon, and Jeffrey Speed.<a href="https://t.co/HGzFZNvaXM">https://t.co/HGzFZNvaXM</a> <a href="https://t.co/Y3HIRGearx">pic.twitter.com/Y3HIRGearx</a></p>— Brandon Thurston (@BrandonThurston) <a href="https://twitter.com/BrandonThurston/status/1611346373407916033?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Just read that 2 other board members resigned, including the guy heading the internal Vince investigation.
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Maybe they were bored members…
I’ll tell you who doesn’t have a bored member though - Vince. He’s probably only keeping Steph on board so he gets one last crack at that incest angle, he’s had everybody else. |
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Billionaires tend to know what they are doing. He was probably still involved with the company from a distance.
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William Regal on suicide watch
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hahaha...
Karma is a bitch HHHH. she warned you : <iframe width="560" height="315" src="https://www.youtube.com/embed/U9ob-BZnhBQ?start=5258" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> |
LOL this is the BEST thing Tiny has ever tweeted
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Everyone at work is being so nice to me these past 24 hours!<br>I wonder why... <br><br>It must be belated holiday spirit.<br><br>See you tonight on TNT for TWO hours of <a href="https://twitter.com/AEWonTV?ref_src=twsrc%5Etfw">@AEWonTV</a> live,<br>Friday Night <a href="https://twitter.com/hashtag/AEWRampage?src=hash&ref_src=twsrc%5Etfw">#AEWRampage</a> + <a href="https://twitter.com/hashtag/BattleOfTheBelts?src=hash&ref_src=twsrc%5Etfw">#BattleOfTheBelts</a>, back-to-back LIVE<br>Starting at 10pm ET/9pm CT<br>TONIGHT</p>— Tony Khan (@TonyKhan) <a href="https://twitter.com/TonyKhan/status/1611421728974188544?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> |
WWE was less of a mess than AEW before Vince left too, Tony.
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Honestly, Vince handling the sales/media rights with Nick Khan and Triple H handling the creative is probably the better way to go. Triple H should also not be in charge of hiring/firing talent.
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How messed up would it be if Vince fired Gallows and Anderson again? I really believe the entire reason Hunter hired them back was just for the perception that he was righting Vince's wrongs.
A lot of the other rehires probably are not as much at risk as the Good Brothers, but man that has got to suck for all of them. |
Austin Theory back on top baybay
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">One would think <a href="https://t.co/DiOojFKuy7">https://t.co/DiOojFKuy7</a></p>— Dave Meltzer (@davemeltzerWON) <a href="https://twitter.com/davemeltzerWON/status/1611423549318926337?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet"><p lang="qme" dir="ltr"><a href="https://t.co/9iaAy6srjv">https://t.co/9iaAy6srjv</a></p>— Jey (@notjeyy_) <a href="https://twitter.com/notjeyy_/status/1611425132764880899?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> |
Uncle Howdy gonna to the same way as Emmalina. Brock gonna come out and F5 Bray into oblivion. Then he will wake up and say it was all a dream and disappear.
All the rehirings gonna join the Kiss My Ass club. Launch of NXT 4.0. Brock gonna win the Rumble to face Reigns in a never before seen match. |
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Everyone at work is being so nice to me these past 24 hours!<br>I wonder why... <br><br>It must be belated holiday spirit.<br><br>See you tonight on TNT for TWO hours of <a href="https://twitter.com/AEWonTV?ref_src=twsrc%5Etfw">@AEWonTV</a> live,<br>Friday Night <a href="https://twitter.com/hashtag/AEWRampage?src=hash&ref_src=twsrc%5Etfw">#AEWRampage</a> + <a href="https://twitter.com/hashtag/BattleOfTheBelts?src=hash&ref_src=twsrc%5Etfw">#BattleOfTheBelts</a>, back-to-back LIVE<br>Starting at 10pm ET/9pm CT<br>TONIGHT</p>— Tony Khan (@TonyKhan) <a href="https://twitter.com/TonyKhan/status/1611421728974188544?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Shits wild!
Like take away the we all accept carny shot coz it’s wrestling and holy damn this is wild. Oh and the board members he fired before he left, he knew it was coming. He removed them to bring them back would be my bet. |
Two additional board members have resigned
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Ignace Lahoud and Man Jit Singh have resigned from the Board of WWE as of today. <br><br>Man Jit Singh was the leading investigator on the Vince McMahon investigation internally</p>— Sean Ross Sapp of Fightful.com (@SeanRossSapp) <a href="https://twitter.com/SeanRossSapp/status/1611390630336552960?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> |
Stock shot up as high as 22%. All the marks on twitter are worried about creative but the market is projecting a sale to occur before the rights negotiations
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"Highest bidder wins" situation
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Absolutely
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Time for a lethal dose of…RUTHLESS AGGRESSION!
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Yes but maybe no. There's a ton of options for cutting costs outside of on air talent. Executives, clerical, office staff from various departments, logistical expenses, various operational costs, underperforming ventures yadda yadda yadda. It doesnt have to be talent. It could be. Especially long tenured midcard talent that isnt heavily featured. Maybe a bit of everything.
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"Tightening the belt" as they say
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How will autoerotic asphyxiation help cut costs?
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<blockquote class="twitter-tweet"><p lang="zxx" dir="ltr"><a href="https://t.co/XVk6N9HIHI">https://t.co/XVk6N9HIHI</a> <a href="https://t.co/BcsI4BaFBh">pic.twitter.com/BcsI4BaFBh</a></p>— RYZIN (@HAILRyzin) <a href="https://twitter.com/HAILRyzin/status/1611448236178284545?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Saudi Arabia’s Public Investment Fund is emerging as a possible bidder for WWE if the promotion puts itself up for sale - Front Office Sports.<a href="https://t.co/s4LnfKD8vj">https://t.co/s4LnfKD8vj</a></p>— Xero News (@NewsXero) <a href="https://twitter.com/NewsXero/status/1611504759911092225?ref_src=twsrc%5Etfw">January 6, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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I wonder what kind of price would get the sale approved. If WWE has a stock valuation currently of about $6 Billion, and TV rights that likely would be around $3 Billion, I could see a conglomerate purchase offer of around $7.5 billion.
The rights deal is the leverage, if it is going to cost $3 Billion to air the shows for 5 years, $7.5 Billion to own and air the shows forever is a better value. |
Can’t believe Vince hasn’t been on Smackdown yet
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Im just waiting for Vince to be back at Gorilla Position
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Vince is going to do a UFC type deal where whoever buys it still lets Vince run it. Otherwise he won't approve the sale and just insert himself back into head of creative and everything else.
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I'm on vacation and this shit happens it's a lot to keep up with rn holy shit.
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Would be funny if Hallmark bought WWE imo
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Would be funny if slik bought WWE and turned it into WCW.
World Cape Wrestling |
If you want a very special christmas with Dean Cain gimme hellllll yeah!
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Would be funny if Danny Basham bought it and renamed it Bash Em Wrestling.
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Mick Foley and The Rock go halfsies.
Rock'em Sock'em Wrestling. |
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Roman Reigns is no match for the deadly snap mare takedown and hip toss of Owen White
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Rock Em Sock Em Robots Wrestling presented by Rock Em Sock Em Robots. |
Stephanie resigned
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fuckin a
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If Triple H stays on then this tells me Vince coming back after the heat died down was the plan all along.
If Triple H leaves or gets demoted that tells me this was a power move by Vince. I think I’m still leaning toward this being the plan all along, but that doesn’t explain why Triple H undid so many of the roster moves Vince made. So I’m probably wrong. |
Russo booking
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Stephanie gone from WWE
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">WWE press release: WWE Board of Directors Unanimously Elects Vince McMahon Executive Chairman of the Board<br><br>Stephanie has resigned from her role as chairwoman as well as co-CEO.<br><br>Nick Khan is lone CEO.<a href="https://t.co/C8jwugQzop">https://t.co/C8jwugQzop</a> <a href="https://t.co/B3RueBldXE">pic.twitter.com/B3RueBldXE</a></p>— Brandon Thurston (@BrandonThurston) <a href="https://twitter.com/BrandonThurston/status/1612961797920751616?ref_src=twsrc%5Etfw">January 10, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> |
This pretty well makes it clear that Vince was lying all along when he said the company would go to his kids.
He's now pretty well said his kids don't mean a damn, and that his exploration of a sale to a non-McMahon entity is his way of telling his kids to fuck themselves in the ass. Not a pretty picture that Vince's painting on his way out of the whole industry, is it? o.o |
Exciting times in a few weeks when AEW opens with Motorhead...
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Here is the full letter in which the board unanimously disapproves of Vince McMahon's return at this time. <a href="https://twitter.com/hashtag/WWE?src=hash&ref_src=twsrc%5Etfw">#WWE</a> <a href="https://t.co/DAfcqxGlOT">pic.twitter.com/DAfcqxGlOT</a></p>— Jon Alba (@JonAlba) <a href="https://twitter.com/JonAlba/status/1612957974858764288?ref_src=twsrc%5Etfw">January 10, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Wild times.
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It really seems like Vince is going to take it Private again, get a partner to buy all the shares but his own, do a 50/50 split with Vince keeping total control of the product. Then run it like early 2000's where Mr McMahon is all over the shows making out with all the divas.
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The biggest and only winner here is <a href="https://twitter.com/HeyHeyItsConrad?ref_src=twsrc%5Etfw">@HeyHeyItsConrad</a> as he finally has something to cover outside of revisiting the Monday Night Wars longer than the Monday Night Wars existed.</p>— SoDuTw (@SoDuTw) <a href="https://twitter.com/SoDuTw/status/1612964990364930049?ref_src=twsrc%5Etfw">January 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Then. Now. Forever. Together. <a href="https://t.co/8dqr5reIiv">pic.twitter.com/8dqr5reIiv</a></p>— Stephanie McMahon (@StephMcMahon) <a href="https://twitter.com/StephMcMahon/status/1612956533695938560?ref_src=twsrc%5Etfw">January 10, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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How wild would it be if Ted Turner bought WWE and renamed it WCW and can finally claim he won the Monday Night Wars.
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Vince is Logan Roy’ing up in this bitch.
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This is a fun way to find out Ted Turner is still alive
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Was going to call Vince a true boomer for refusing to retire and let another generation take the reigns but turns out he is too old to be labeled a boomer
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So Saudi Arabia is one of the speculated buyers. If that actually happened that would pretty much be the end for women's wrestling in WWE. Might be a logical reason Stephanie would quit.
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Hmmm
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">I think monster news imminent</p>— Bryan Alvarez (@bryanalvarez) <a href="https://twitter.com/bryanalvarez/status/1612992062198280195?ref_src=twsrc%5Etfw">January 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">the rumors i am hearing..... again rumors..... i have no words..... again rumors..... but bruh....</p>— Denise 'Hollywood' Salcedo (@_denisesalcedo) <a href="https://twitter.com/_denisesalcedo/status/1612999114664603648?ref_src=twsrc%5Etfw">January 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Feels like it. <a href="https://t.co/xpINUQbXay">https://t.co/xpINUQbXay</a></p>— Dave Meltzer (@davemeltzerWON) <a href="https://twitter.com/davemeltzerWON/status/1612997255560335361?ref_src=twsrc%5Etfw">January 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Sources: 'The shit is about to hit the fan' is what has been best described to me as to what's about to happen in <a href="https://twitter.com/hashtag/WWE?src=hash&ref_src=twsrc%5Etfw">#WWE</a>.</p>— Steven Muehlhausen (@SMuehlhausenJr) <a href="https://twitter.com/SMuehlhausenJr/status/1613006420328468480?ref_src=twsrc%5Etfw">January 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> |
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Hey guys, one of hot rumors is that Saudi buyers are interested in WWE.<br><br>I've gained no actual information thus far to indicate this is actually happening, outside of a few vague hinting messages from people outside WWE<br><br>WWE contacts claimed to not know what the hints were about.</p>— Sean Ross Sapp of Fightful.com (@SeanRossSapp) <a href="https://twitter.com/SeanRossSapp/status/1612998018013224963?ref_src=twsrc%5Etfw">January 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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