Nick Khan Addresses Stephanie McMahon WWE Resignation

Nick Khan Addresses Stephanie McMahon WWE Resignation WWE

With the return of Vince McMahon as Executive Chair, Stephanie McMahon resigned from her role in WWE, leaving Nick Khan as sole CEO.

All three would issue a joint statement about Stephanie’s departure through the company’s corporate website.

Now, on The Bill Simmons Podcast, Nick Khan has commented further on Stephanie’s departure, saying:

“I think she came back because her dad asked her to come back.”

“She’s great at it. By the way, the meetings that that she went on that I participated in a lot, as you can imagine, when those stories like that that come out, you want to make sure that people see you and they know who to talk to and they know they can call you and that, ‘hey, there’s a face with the product and that there’s somebody there to answer if there’s a question.’ So that was more about that.”

Khan would also state that Stephanie McMahon might have “felt her work was done for now”, though would note that “nothing is permanent” in professional wrestling.

He would conclude by saying:

“Again, terrific executive even better person. Life is long. Let’s see.”

Khan would also address Shane McMahon’s departure in February 2022, for which it was recently revealed that he earned a considerable amount of money given his single appearance.

He made it clear that he neither has “the particulars on that” nor would be interested in pursuing the subject with Vince.

He did, however, note that:

“Family and business is even more complicated. I just assumed ‘stay away from it.’ But his son-in-law (Triple H) works there, and he’s the Head of Creative.

“There’s always been a lot of Twitter chatter that somehow those two weren’t getting along or this or that. I think everybody’s getting along just great.”

AEW’s Matt Hardy recently reflected on his interactions with Stephanie McMahon, describing her as business minded but more compassionate than Vince McMahon.

Following her resignation, Stephanie McMahon revealed that she had undergone surgery for an ankle injury.

Paul Levesque (Triple H) told WWE talent in a meeting before SmackDown on January 13 and before Raw on January 16 that nothing would change on the creative side of things and he would still be the person heading that up.

He did say he and McMahon “may have discussions”, but Levesque is the one making final decisions.

However, it’s worth remembering that WWE did hold a meeting with employees (not talent) a week earlier and the message was “business as usual” and that no management would be changing, and then Stephanie McMahon resigned just days later, so it seems even what’s being said in the meetings is a fluid situation and things may change.

On January 6, using his power as majority owner, Vince McMahon put himself and former WWE presidents George Barrios and Michelle Wilson back on the company’s Board of Directors, disposing of JoEllen Lyons Dillon, Jeffrey R Speed, and Alan M Wexler in the process.

McMahon had stated that his intention was to facilitate a sale of the company.

He changed bylaws to ensure that no sale or media rights deal could be completed without his approval.

Upon McMahon’s return, two further Board members resigned of their own volition, those being Man Jit Singh – who was the one heading up the Board’s investigation into McMahon – and Ignace Lahoud.

Stephanie McMahon then resigned from her role as co-CEO and Chairwoman and her position on the Board on January 10, as Vince McMahon was elected Executive Chairman.

On January 15, Dave Meltzer of the Wrestling Observer reported that Vince McMahon was back in his office and had been “suggesting changes” to different departments.

On January 17, WWE made a new SEC filing stating that, as of January 16, Vince McMahon no longer needs stockholders’ approval for his actions.

There has been much speculation that Vince McMahon was looking to sell to a party that would commit to keeping him in charge of the company despite the multiple sexual assault allegations that have surfaced in the past year that led to his initial ‘retirement’ in July.

You can keep up with all the latest news and updates on a potential WWE sale by clicking here.

Transcript from WrestleZone.

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1 year ago by Dave Adamson

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