After stepping down as CEO in July 2022, Vince rejoined the organization in January. The 77-year-old stated his age as the reason for leaving, but at the time, he was under investigation for alleged misbehavior. He returned last month after being overwhelmingly selected to act as Executive Chairman of the Board.
Along with his return, Stephanie McMahon, his daughter, left the business. Vince McMahon unexpectedly joined WWE again last month as the organization got ready for WrestleMania 39. Many have hypothesized that Vince’s return was to help with future media rights talks as well as to set up the business for a sale.
A recent story claims that Vince intends to sell the business before the end of 2023. Some recent WWE front office exits were actually brought on by unease, with the departing names having “a target on their backs” because of their standing and the potential for increased money. “WWE will be sold by Vince McMahon by the end of the year,” according to a source for tweets.
McMahon is looking to buy a company for $9 billion
According to the source, Stephanie McMahon’s abrupt resignation, Vince’s return to the organization, and rumours of a possible sale all contributed to the sentiment. Vince is probably getting ready to fetch a ridiculous sum for his wrestling organization. Since Vince McMahon rejoined the WWE Board of Directors more than a month ago, it appears the business is inching closer to a sale.
According to the reports, McMahon is looking to buy a company for $9 billion. The same sources also disclosed that there have been bids for the sale of the business. Unfortunately, it is unknown from whose businesses or people those proposals originated or how closely they came to McMahon’s goal price. During an appearance on CNBC earlier this month, WWE CEO Nick Khan stated that the company anticipates the selling process to move very quickly, possibly within three months.