Thread: WWE up for Sale - Vince returns / Steph resigns
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Old 01-05-2023, 08:34 PM   #18
xrodmuc316
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Quote:
Originally Posted by Sting Fan View Post
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?
I found the part about 3 current board member would have to "vacate their position" means voluntarily.

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.
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