A shocking and monumental announcement was made back in April that WWE Chairman Vince McMahon agreed to sell the company to Ari Emmanuel’s Endeavor Group Holdings, Inc., with the merger expected to take place sometime in mid-September. An update was recently provided on the merger, where it was revealed that yesterday and today are historic days in the pro wrestling industry as yesterday marked the last day that Vince is the majority owner of WWE, with the deal expecting to be finalized by today and that means both UFC and the WWE will be under the same umbrella.
It was also mentioned that there won’t be a lot of changes in the day-to-day operations in the company as WWE Chief Content Officer Paul “Triple H” Levesque is expected to remain as their head of creative, while Vince McMahon will still run the company as their Executive Chair and own 16%. There’s no word yet on if McMahon will appear on television, but one has to wonder if his name will at least be mentioned on WWE TV this week.
Vince McMahon purchased the WWE (F.K.A. WWF or World Wrestling Federation) from his dad Vince McMahon Sr. in 1982 and this sale was kept quiet for quite some time until Vince Jr. quietly began working on the national wrestling territory and essentially putting the regional territories out of business and growing the company into a worldwide company.
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Today is the end of an era. pic.twitter.com/lACxJmOTzC— Wrestling News (@WrestlingNewsCo) September 11, 2023