WWE News Round-up: Stephanie McMahon resigns, Vince McMahon becomes Executive Chairman, WWE reportedly sold to Saudi Arabia, NXT Superstar loses his father, and more: WWE Universe has witnessed a drastic change of events following the return of former CEO and Chairman Vince McMahon. There is a lot of buzz with the latest buzz with rumors regarding WWE’s sale. Meanwhile, fans have sat tight on their sits to check out the upcoming change. Let us dive deep into today’s latest WWE news Roundup. Follow WWE News and Updates with InsideSport.IN
1. Stephanie McMahon resigns from the position of Co-CEO
Recently, WWE Universe had a big shock after Stephanie McMahon announced her resignation following her dad’s return to the company, Since the start of 2023, Vince McMahon was in talks to return, however, fans were not expecting him to be so early in the board.
Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv
— Stephanie McMahon (@StephMcMahon) January 10, 2023
Following the recent press release, Stephanie McMahon announced her resignation with a heartfelt message after serving as Co-CEO alongside Nick Khan and Chief Brand Officer Triple. She took to Twitter to share her last words about leaving the company.
2. Vince McMahon becomes the Executive Chairman
Earlier this week, there were talks regarding the former Chairman’s return. Indeed, the rumors were true and the Board of Directors brought him back. Moreover, the latest press release titled him as the Executive Chairman after unanimous voting following his daughter’s resignation.
Ah. Vince McMahon is Executive Chairman of the Board again pic.twitter.com/q603lE8Soj
— Sean Ross Sapp of Fightful.com (@SeanRossSapp) January 10, 2023
Meanwhile, Nick Khan is the sole CEO of WWE leaving Triple H as the Chief Brand Officer. The Stamford-based promotion released a press release to notify its investors.
“I’m proud to announce that Nick Khan will serve as WWE CEO. Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability. Together, we look forward to working with the Board at this critical moment in time to review our strategic alternatives and maximize value for all WWE shareholders.”
3. WWE Reportedly sold to Saudi Arabia
WWE has seen a sudden change after Vince McMahon’s return. As noted earlier, Mr. McMahon cleared he won’t be approving any media rights until he regains control as he holds the majority of WWE’s share. As per the latest reports, WWE is already sold to Saudi Arabia’s Public Investment Fund.
Recently, Cassidy Haynes of BodySlam.net provided an update on the current situation of WWE where he mentioned WWE’s reported the company sale is almost locked with Saudi Arabia which will allow the company to go private.
Also Read: VIDEO: What happened when Brock Lesnar botched an attack during his match with John Cena ?
4. NXT Superstar Veer Mahaan loses his father
Recently, WWE superstar Veer Mahan lost his father. The NXT Superstar was scheduled to face Creed Brothers along with Sanga of Indus Sher. However, the unfortunate demise of his father led the superstars to miss the New Year’s Evil show.
https://www.instagram.com/p/CnQjI8LuqFD/?utm_source=ig_web_copy_link
Meanwhile, WWE added Jinder Mahal to the picture and moved him to the NXT brand. The former WWE Champion showed up to aid Sanga in a sneak attack on Creed Brothers.
What are your thoughts on the latest WWE News Roundup? Tell us in the comments.
WWE News Round-up: Stephanie McMahon resigns, Vince McMahon becomes Executive Chairman, WWE reportedly sold to Saudi Arabia, NXT Superstar loses his father and more
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