Vince McMahon’s New Contract Has Two ‘Conditions’ to Prevent Another ‘Hush Money’ Scandal That Led to His Brief Retirement

Vince McMahon is one of the greatest minds in the pro wrestling industry. He revolutionized the wrestling industry when he turned WWE into an international wrestling giant from a regional wrestling promotion.

However, last year McMahon announced his retirement from wrestling after he found himself involved in hush money payments and sexual misconduct. Although, he made his way back into the company earlier this year and secured the chairman position.

His return as the chairman of the company increased the amount of fear in the fan’s minds. Several reports suggested that McMahon handled the operations behind the scenes at WrestleMania 39 Night 2 and on RAW after Mania. However, after the recent merger between WWE and UFC under Endeavor, McMahon’s new role might surprise the fans. Additionally, reports have surfaced of a special clause that will prevent Mr. McMahon from repeating his mistakes.

The Hollywood Reporter recently reported that Vince McMahon signed a new contract with the company. It will stop him from committing acts which he did in the past such as his hush money payments. His hush money payments put him in trouble last year and compelled him to retire. But what exactly are the new terms on his deal?

What are the new terms in Vince McMahon’s recent contract?

The Hollywood Reporter reported the news of Vince McMahon signing a new contract. This contract will have him adhere to the company’s “Conflict of Interest and Code of Conduct.” As well as its “Equal Opportunity and Non-Harassment Policy.”

They reported that McMahon signed the contract on March 29th, 2023, the same week as WrestleMania 39. Soon after ‘Mania concluded, the news of UFC and WWE merging into a $21 billion company became official.

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Last year, after McMahon retired, Nick Khan and Stephanie McMahon took over as the Co-CEOS of the company, while Triple H became the creative head of the company. While McMahon is the executive chairman of the company, fans might be relieved to hear another good news.

Wrestlenomics recently revealed that despite being the executive chairman of the company, McMahon will no longer have the majority voting rights in the company. Which means he will no longer have a hand in the creative decisions of the company.

Vince McMahon has 18% shares of the company, while his daughter and wife have 1,2% and 0.4% of the shares, respectively. The majority of the shares lie with existing shareholders of Endeavor with 51% of the shares in their possession. While fans were dreading the return of Vince McMahon, this news might finally give them something to celebrate. What do you make of McMahon’s new contract and what do you think this means for the company going forward? Let us know your thoughts in the comments section below.

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