After retiring from the WWE last July and stepping down from his duties as the CEO, Chairman and Head of Creative due to paying nearly $20 million in previously unrecorded expenses, almost $15 million of which were hush money for the sexual misconduct allegations he received from four women over the past 16 years and $5 million of which to the now-defunct foundation of former U.S. President Donald Trump, Vince McMahon forcibly made his way back to the company, returned to the Board of Directors and would ultimately be named the Executive Chairman of the Board. It was believed at the time that Vince would not be involved in the day-to-day affairs and the management structure would remain unchanged and the only reasons he came back is to help the WWE be sold, while also helping the WWE with the talks for a new media rights deal.
Since then, several changes have happened such as Stephanie McMahon resigning as co-CEO and Nick Khan being named the sole CEO of WWE. Vince McMahon would also be making his way back at the office and is already suggesting changes, but Paul “Triple H” Levesque is still the Head of Creative. Vince McMahon also brought back George Barrios and Michelle Wilson on the Board while some Board members have left, including JoEllen Lyons Dillon, Jeffrey R Speed and Alan M Wexler. A few massive names backstage have parted ways with the WWE as well.
Dave Meltzer stated on a recent edition of the Wrestling Observer Newsletter that the belief is Vince McMahon’s overall presence and involvement is being seen as a hindrance and not a help in the company sale talks and the negotiations talks for a new media rights deal, however since Vince is the largest stockholder of WWE, he is also the key beneficiary on the financial side of things if and when a sale does happen and that is the reason why he forced his way into the process.
This is what Dave Meltzer said:
“At this stage of the game, the belief is that McMahon’s presence is a hindrance and not a help in these negotiations, although as the largest stockholder, he is also the key beneficiary financially if and when the sale goes down and for that reason forced his way into that process.”
Meltzer also revealed the full breakdown of how much money the Chairman of the Board Vince McMahon as well as other top people in the WWE would be getting should a sale go through. You can check out that full breakdown below:
Vince McMahon: $2,552,969,558
Stephanie McMahon: $170,842,415
Linda McMahon: $50,320,030
Kevin Dunn: $24,205,410
Nick Khan: $13,837,200
Frank Riddick: $10,931,948
Paul Levesque: $8,323,822
