Vince McMahon Returns To WWE’s Board Of Directors

Vince McMahon Returns To WWE’s Board Of Directors

Vince McMahon
Returns to WWE
… Board Of Directors

1/6/2023 7: 29 AM PT

Vince McMahon‘s time away from WWE lasted less than 6 months — the former boss has returned to his organization’s Board of Directors, according to a new SEC filing.

This move follows reports that McMahon, the majority shareholder in WWE, intended to return to his role as executive chair to negotiate the next TV deal for the company… and to explore the possibility of selling the company.

The filing states 77 year old McMahon’s return will provide maximum long-term value for all of the stockholders. It also shows McMahon has made changes to the company’s bylaws in order to prevent any media rights deals and sales without his consent.

With the filing, JoEllen Lyons Dillon, Jeffrey Speed and Alan Wexler have been removed from the board … and George Barrios and Michelle Wilson will join McMahon as their replacements.

A December 20 letter from Vince to the Board of Directors — presented as an exhibit in the filing — states his return had full support of WWE’s management team … including Stephanie McMahon, Nick Khan, Paul Levesque.

WWE issued a statement to confirm the news.

As we previously reported … McMahon retired from the company in July 2022 following allegations of misconduct. According to reports, McMahon was allegedly willing to pay “hush money” to several women on WWE’s dime. Federal authorities are investigating the allegations.

A response email from the board on December 27 shows that it welcomed Vince’s return to the board to help with deal negotiations … but referenced a draft letter agreement in which McMahon would agree to repay “all of the investigation-related expenses incurred by the company,” and he would not serve as an “officer, director or employee” of WWE during the government investigation.

If McMahon didn’t agree to the conditions, McMahon would be sued.

McMahon was furious at the board’s response… he said that if he did not have direct involvement, he would not be able to support any TV or company sale.

McMahon is the majority shareholder and has the power to get the results he wants. However, he states that he doesn’t intend to change the roles, duties, or responsibilities of his management team upon his return.

Vince bought the company from his father, Vincent J. McMahon in 1982 … and was the face of the brand for decades.

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