TKO Drops an Alarming & Sad Update as Vince McMahon Wants Out of Family Business, Shares Up for Sale
Follow Us
Things are slowly taking a 180-degree turn for WWE. The internet is on fire right now due to the shocking departure of over 15 superstars. This is just days after the supposed iconic merger between WWE and UFC under Endeavor. But just when fans thought the drama couldn’t escalate further, a new report regarding Vince McMahon wanting out of WWE has come as a bombshell.
Recently, TKO dropped an update on McMahon’s desire to step away from WWE, adding more chaos to the landscape.
Vince McMahon to leave WWE?
ADVERTISEMENT
Article continues below this ad
The merger which kicked off on a positive note after the blockbuster return of Dwayne Johnson has only been going downhill ever since.
Trending
Roman Reigns’ Cousin Rikishi Deemed “Horrible Father” Online After Disrespecting Jimmy Uso’s Wife Naomi & Missing Wedding
May 03, 2024 06:38 AM EDT
“Political Chips”: Roman Reigns Deemed Backstage Politician After Reports of Killing Cody Rhodes’ Push at WrestleMania Emerge
May 04, 2024 07:02 AM EDT
Who Is Tama Tonga’s Brother Tanga Loa & How Is He Related to Roman Reigns, the Rock & Solo Sikoa?
May 04, 2024 07:39 PM EDT
“Wyatt 6”: After Erick Rowan’s Signing, Uncle Howdy’s Stable Members Decoded Ahead of Rumored Backlash Debut
May 02, 2024 10:37 AM EDT
“That’s Jacob Fatu”: Another Bloodline Addition After Tanga Loa Allegedly Spotted at Backlash
May 04, 2024 09:16 PM EDT
Get instantly notified of the hottest WWE stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
It hurts WWE’s reputation among fans when they unceremoniously kick out athletes because of internal budget cuts. But while that is a separate debate the latest buzz revolves around McMahon’s desire to step away from his own business. This could emerge as a setback for WWE.
According to AXIOS, TKO has registered all of McMahon’s shares for sale, enabling him to avoid a lockup period, hence giving him flexibility. The Executive Chairman currently holds $28.84 million TKO shares at a valuation of $3 billion.
This is truly eye-opening news, considering how vital the 78-year-old has been for WWE decision-making over the last few decades. While it’s sad news for some fans, it also appeased a few fans and wrestlers who have been wanting to have McMahon step back and let Triple H run the show. Regardless, the unfair nature of the recent WWE releases has caused an uproar among fans.
Releases keep the limelight on the unjust practices of WWE
Last week WWE released Frank Riddick after working with the company for over 15 years as a CFO. Fans couldn’t help but notice the bonuses he received among others, after attaining a sum over $5 million.
Days After $21.4 Billion Merger, Bad News Strikes Vince McMahon as He Could Be Removed From TKO Board of Directors
ADVERTISEMENT
Article continues below this ad
The WWE universe hence expressed their displeasure since the release of Dolph Ziggler didn’t have grounds as part of an internal cut as he was a workhorse for so many years. Moreover, WWE handing over lucrative bonuses to all the members of the board during a tumultuous time doesn’t play well.
WWE has released so far over 15 superstars, including Dolph Ziggler, Mustafa Ali, and Elias. While the exact situation with McMahon and his immediate future is unclear, it has piqued the interest of fans.
ADVERTISEMENT
Article continues below this ad
What do you think about McMahon dropping a hint at his WWE departure?
Watch This Story: Every WWE Superstar Who Attacked Vince McMahon
Written by:
