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Post by ap215 on Jan 5, 2023 22:50:42 GMT -5
Vince McMahon Announces Intent To Return To WWE And Pursue A Sale A month ago, a report emerged that Vince McMahon was apparently having second thoughts about his retirement following the revelation that he was being investigated for using hush money payments to cover up scandals, and like Napoleon in exile in Saint Helena, was plotting for a way back in. Today, the plot has become reality. The Wall Street Journal is reporting that McMahon is now actively planning a return to WWE in order to pursue a sale of the company. In his attempt to do so, McMahon, who even after retirement maintained majority voting power, has appointed himself, George Barrios, and Michelle Wilson to WWE's board of directors. McMahon will now need three other directors to vacate their positions, followed by board approval, to officially retake his post as WWE Chairman. In a press release made available shortly after The Wall Street Journal's report, McMahon confirmed his moves to retake the company, in order to spearhead a sale. "WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms," McMahon said. credit: www.wrestlinginc.com/1158354/vince-mcmahon-announces-intent-to-return-to-wwe-and-pursue-a-sale/
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