The WWE all but pushed the elder McMahon out last year because of the mounting sexual allegations lobbied against him by several former WWE employees. However, as the WWE is in the middle of negotiating talks with TV stations, Vince McMahon smelled blood and went for the kill. Just days after Vince McMahon was said to be working out a way to get back on the WWE, he got exactly what we wanted. Apparently, Vince McMahon used WWE’s current situation against them so he can go back into power. Because he controls the majority shares of the WWE, Vince McMahon can reject proposals just because.
♬ original sound - Xfire - Xfire Although this wasn’t exactly a secret, most in the WWE didn’t expect Vince McMahon to use this to his advantage. It’s believed some are considering leaving the WWE if it can’t get rid of Vince McMahon as soon as possible. Below is a statement released by Vince McMahon as he returns to power: Now that Vince McMahon is back in power and reportedly looking to sell the WWE, Michael McCarthy, and A.J. Perez of Front office Sports claim Saudi Arabia’s Public Investment Fund is “emerging as a possible bidder” for the world’s leading wrestling promotion. We wouldn’t be surprised if this sale pushes through considering that the WWE has played a prominent role in the country’s development program, “Saudi Vision 2030”, as part of its plans to drive more money into its economy. The WWE is currently in the middle of a ten-year agreement with Saudi Arabia to hold at least two large-scale events in the country annually. As for the creative side of the WWE, Triple H still has full control but this could all change in the next few months. Stephanie McMahon and Nick Khan are still on-board as the co-CEOs of the WWE.
