The World Wrestling Entertainment (WWE) organization has been run by Vince McMahon and his family for more than 40 years. During a board probe in July of last year, McMahon abruptly resigned as chairman and CEO. Vince returned a few weeks ago, but Stephanie McMahon replaced him in those roles.
It’s rumored that his comeback is to assist in the sale of WWE, a move that would greatly benefit him and his family financially. WWE is anticipated to fetch around $8 billion in a sale. Vince McMahon would stand to gain $2.5 billion from the transaction if that were to occur.
While Linda McMahon, Stephanie’s mother, and Vince’s wife, would receive a payout of $50.3 million, Stephanie would make nearly $170.8 million overall. Linda has held a variety of positions over the years, both on and off the screen.
A sale would be very beneficial for other important parts of the WWE machine. Vince McMahon’s longtime assistant Kevin Dunn would collect $24.2 million. Current CEO Nick Khan would get $13.8 million, and current President and CFO Frank Riddick would earn $10.9 million.
Former wrestler Triple H (born Paul Levesque), the husband of Stephanie McMahon, would profit $8.3 million from the transaction. Levesque leads WWE’s creative department and serves as its chief content officer. There are many potential buyers in WWE, despite the fact that no deal has yet been reached.
Comcast seems to be in the lead, but other companies are close behind. Disney, ESPN, Netflix, and the Public Investment Fund of Saudi Arabia are among them. You might be familiar with that last name because it belongs to the company that owns LIV Golf, which has signed several PGA Tour players to lucrative contracts.
Ultimately, whoever buys WWE is getting a cash cow. In terms of annual revenue ($1.2915 billion) and net profitability ($195.6 million), WWE reported records in 2022. The company anticipates that its television arrangements will remain in place and provide reliable sources of income in the years to come.
The absence of McMahon from WWE will be strange. When he was only 24 years old in 1969, he made his debut appearance on film. He took over the reins of the then-World Wide Wrestling Federation (WWF) in 1982, becoming its public face and serving as its leader for more than 40 years.
But now that he’s resigned amid yet another scandal, it’s time to move on. And every time a sale occurs, it appears to be a huge jackpot.