Vince McMahon had long held dominion over the WWE, a company he purchased from his father in the 1980s. Since taking control McMahon has seen the wrestling outfit outlast and absorb its competitors on route to becoming a publicly traded company and the biggest promotion in the world.
However, with the WWE now joining Ari Emanuel and Endeavor in a merger with the UFC to form a live sports super company, things will be drastically different for the McMahon family.
Vince McMahon is now a minority share holder in WWE
When Endeavor released their statement on the UFC-WWE merger, they revealed that the new yet-to-be-named company that will control the UFC and WWE would be 51% owned by Endeavor and 49% owned by the WWE’s existing stakeholders (who are lead by Vince McMahon).
McMahon, currently the Executive Chairman of WWE, will serve as the Executive Chairman of the Board on the new company. However, title aside, any decision regarding the WWE can be made unilaterally by Endeavor.
Vince McMahon to stay on despite controversies
Vince McMahon stepped down as CEO and Chairman of WWE in June, 2022. Prior to then he had been in control of creative decisions for the company.
His stepping down was prompted by multiple accusations of sexual misconduct and hush-money agreements.
Among the accusations were that McMahon assaulted a tanning spa worker in 2011. That spa worker filed a sexual abuse lawsuit against McMahon in 2022, which was settled soon after. Also in 2022 it was reported that McMahon had paid $3 million to a former WWE employee to keep them quiet regarding an extramarital affair. An investigation into this matter revealed McMahon and WWE executive John Laurinaitis may have paid out $12 million in similar hush-money pacts.
When McMahon stepped down from his role at WWE, his daughter Stephanie McMahon who, like her father, was well known to audiences as a sporadic on-camera performer, took over as interim CEO. Her husband, Paul Levesque (aka Triple H) replaced McMahon as Head of WWE Creative.
In January McMahon appointed himself back onto the WWE Board of Directors and assumed the executive chairman role. Stephanie McMahon then stepped down from her position, being replaced by Nick Khan as permanent CEO (a role he will continue post UFC merger).
Ari Emanuel has praised McMahon
New WWE owner Ari Emanuel expressed eagerness to work with Vince McMahon when discussing the merger.
“For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together,” he said in a statement.
UFC’s Dana White also praised McMahon
UFC President Dana White heaped praise on both Emanuel and McMahon while reacting to the merger with the WWE. He referred to McMahon as a ‘savage’.
“Vince is a savage in the wrestling space,” said White. “Ari is a beast at what he does, and then add what we at UFC bring to the table and there is no limit to what this company can accomplish in the next few years.”
White is no stranger to controversy himself. In January footage emerged showing him striking his wife in the face, at least twice, during a New Year’s Eve bash in Mexico. Despite that footage being widely shared, White was not removed from any duties for either the UFC or Dana White’s Power Slap League (a show where men and women slap each other in the face until someone is knocked unconscious).
McMahon not seen at recent WWE shows
According to Wrestling Inc Vince McMahon has been absent from tapings of the WWE shows Raw and SmackDown, This has lead many to believe he has not resumed creative control over the WWE’s product.
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