This is actually insane. On January 5th, Vince McMahon returned from his “retirement” and rejoined the WWE Board of Directors. Since he controls 80% of WWE voting power he told shareholders he wouldn’t approve any decisions if it wasn’t approved. And just like that – the evil genius was back.
Which brings us to last night, and Stephanie McMahon abruptly resigning from her co-CEO position:
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
Soon after, in the early hours of this morning, numerous sources began reporting that Vince McMahon has agreed to sell the WWE to Saudi Arabia. Not just a share of the company or half of it – but the whole damn thing:
Sources: #WWE has been sold to
Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people.— Steven Muehlhausen (@SMuehlhausenJr) January 11, 2023
So what does this mean for the future of the WWE or pro wrestling in general? Well, ‘fxck knows’ is the answer to that one. It could be the worst thing to happen to pro wrestling or it could somehow be a good thing, although most are saying it’s likely to be the former. Never mind that the WWE will effectively be owned by women-hating, anti-LGBT terrorists and how that might impact the product and wrestlers themselves, you’ve also got the prospect of Vince McMahon being brought back as Head of Creative. Which means all your favourite wrestlers/storylines are getting jobbed/scrapped because if it didn’t come from Vince’s senile brain, he will not allow it to be a success under any circumstances.
It’s just a shame that Triple H and Stephanie will no longer be major decision makers because they proved recently that they’re more than capable of putting out a decent product without 77-year-old Vince looking over their shoulders. At the same time, I can’t really begrudge Vince selling his company for $10 billion or whatever it will be at this stage of his life. It’s just too bad it had to be to the Saudis. Hopefully WWE will still be around in 5 years – we’ll have to wait and see.
Meanwhile, WWE legend The Million Dollar Man is being sued for ‘squandering $20 million in welfare.’ When life imitates art?
