Former WWE Name Says Vince McMahon Wants Big Check & ‘Glory’ From Sale

WWE

With Vince McMahon having returned to the WWE to facilitate the sale of the company, many are commenting on the shape of that sale.

As previously reported, McMahon, as the majority shareholder of the WWE, returned to the Board of Directors, installing Michelle Wilson and George Barrios beside him.

McMahon himself had issued a statement saying that he would return to pursue the sale of the company.

Jim Cornette has now weighed in with his opinion on McMahon’s return.

Speaking on The Jim Cornette Experience, the legendary veteran of the wrestling business, didn’t hold back, saying:

“I’ll say right now he wants the big check, and he wants to be responsible for the sale and he wants to take the glory at this point.

“I think he may realise that it’s coming to an end one way or the other. Because here’s the thing, would Vince rather run the company for another five years and only get $2 billion for it then? Or would he rather get 5 or 6 billion now?”

Cornette believes that timing is key for the decision, especially with TV rights are likely to be up for negotiation in mid-2023, concluding:

“It’s the total on the tote board for Vince, he would consider that a bigger win than if he ran it longer and got less. He really would, he would consider he did a better job.

“So it wouldn’t be like ‘I know I failed’, it’d be like ‘I’m doing a better job by doing this now’, it’s the conditions of the world and the rights fees and everything. Now’s the time.”

WWE have hired the investment bank JP Morgan to advise on the sale.

Aside from Vince McMahon, Conrad Thompson recently revealed that WWE’s Co-CEO Nick Khan is due to be paid “more than AEW’s TV contract for a year” if the sale goes through.

WWE Chairwoman Stephanie McMahon who is also a Co-CEO described Vince McMahon’s return as an “exciting opportunity” in an email that would announce an All Employee meeting that has since taken place.

Transcript from Inside the Ropes.

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• wwe sale
• Jim Cornette
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