Vince McMahon said today he’s taking steps to return to Word Wrestling Entertainment as executive chairman to be in position as the company sets a new round of rights deals that he thinks should be in tandem with discussions of strategic alternatives.
That would include a sale of the company. The majority owner of WWE stepped down as CEO and chairman last year amid a scandal over payouts to women.
But he said today that his new role “will enable unified decision making through the company’s upcoming media rights negotiations and a parallel full review of the company’s strategic alternatives, which Mr.
McMahon believes is the right course of action and in the best interests of WWE and WWE shareholders amidst the current dynamics in the media and entertainment industry.” WWE reps couldn’t immediately be reached for comment.
Read more on deadline.com
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