• About
  • Privacy Policy
  • Want to Write For Us?
  • Advertise
  • Contact
  • Full Press Coverage
    • Full Press Coverage
    • Full Press Hockey
    • Full Press Bets
    • Full Press Podcast Network
  • Full Press Shop

Saturday, February 4, 2023
Full Press Wrestling
  • Home
  • WWE
  • AEW
  • Ring of Honor
  • Indies
  • Podcasts
    • Crossbody of Work
    • Talkamania
    • Boot 2 The Face
    • Ringside Rant
    • Chaos Theory
    • Irish Whip
  • Full Press Coverage
    • Full Press Coverage
    • Full Press Hockey
    • Full Press Bets
    • Full Press Podcast Network
No Result
View All Result
Full Press Wrestling
No Result
View All Result
Home Featured

Vince McMahon Back on WWE Board of Directors

McMahon and Board At Odds Over What His Role Will Be

Jim Biringer by Jim Biringer
January 6, 2023
in Featured, WWE
Reading Time: 4 mins read
255 3
0
502
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Vince McMahon is back as a member of WWE’s Board of Directors.

Vince McMahon Returns To WWE

Six months after retiring amidst an ongoing sexual assault investigation, which is still ongoing, McMahon along with Michelle Wilson and George Barrios is back on the Board of Directors for WWE as three members of the current board have resigned. In addition, the SEC filing states that two other members stepped down once the Board reinstated McMahon on Friday, January 6th.

According to a Wall Street Journal Report that came out on Thursday McMahon wanted to come back as the Executive Chairman of WWE as early as December 2022. The reason McMahon wanted to come back to the company was to pursue a sale and be involved in the company’s upcoming media rights deals. He felt it was “Best for Business” with him running the show to maximize the lucrative deal for the company.

One of the reasons for McMahon stepped away and was investigated by the Board of Directors and the government was because of multiple “hush fund” payouts to women who alleged sexual misconduct. The “hush fund” was company money not his own money and was never reported in the company’s financial statements. McMahon also thought he got bad advice and felt the investigation would have just gone away if he stayed.

To no one’s surprise, WWE announced via a press release that Vince McMahon was back with the company.

“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” said Chairwoman & Co-CEO Stephanie McMahon, Co-CEO Nick Khan and Chief Content Officer Paul Levesque. “We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value.”

As Vince McMahon stated yesterday, “WWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or responsibilities.”

Based on the information from the filing, Vince McMahon expects to assume the role of Executive of the Board. Currently, Nick Khan and Stephanie McMahon are Co-CEO and Chairmen of the Board. McMahon outlined his rationale for coming to this decision via press release and went through the timeline of communication with the Board to put this into motion:

“Based on correspondence from the Board, dated December 27, 2022, and following conversations with representatives of the Issuer both before and after the Reporting Person’s most recent letter on December 31, 2022, the Reporting Person determined, consistent with his rights as controlling stockholder, that the actions he has taken are necessary to maximize value for all of the Issuer’s stockholders.”

“”These actions will enable unified decision making through the Issuer’s upcoming media rights negotiations and a parallel full review of the Issuer’s strategic alternatives, which the Reporting Person believes is the right course of action and in the best interests of the Issuer and the Issuer’s stockholders in the midst of the current dynamics in the media and entertainment industry.”


AEW: CM Punk Winning AEW World Title Was The Right Decision

WWE: Brock Lesnar vs Roman Reigns Is The Perfect Time To Make One Champion

NJPW: Wrestling Roundup: Mercedes Mone Debuts, Charlotte Flair Returns and More

NFL: PfgVIBE’s 2021 NFL Predictions: Team and Individual Picks

NHL: Matthew Tkachuk Traded To Florida Panthers

PODCAST: Crossbody of Work Episode 87: Mickie James


In the filing linked above it was revealed that JoEllen Lyons Dillon, Jeffrey R. Speed and Alan M. Wexler were removed as a result of the changes.

In the WWE press release above, they confirmed their current Board and noted two additional members (Ignace Lahoud and Man Jit Singh) have resigned effective Friday. Singh was part of the investigative team into McMahon’s “hush fund.”

Fallout And What Led To Vince Coming Back

Vince McMahon used the ultimate power play. However, if you read the correspondence between the Board and McMahon during the December email chain, the Board of Directors for WWE does not want him as Executive Chairman while there is a government investigation going on.

Reposting WWE’s Board’s December 27 email to Vince. pic.twitter.com/dm41qFknO3

— Brandon Thurston (@BrandonThurston) January 6, 2023

McMahon stated that he will not approve any sale or media rights deal without having that title. It is a storyline from McMahon’s own world playing out in real life. And now that he is back on the Board of Directors he changed the bylaws. That means no sale can be approved without his approval or say.

WWE’s stock price jumped this morning and trading was temporarily halted before it resumed after a short delay.

There is a meeting with WWE staff and personnel to be held this afternoon. There is no word if Vince McMahon will be back as head of creative a role Triple H currently holds.

Stay tuned for more on this ongoing story.

 

 

 

Full Press Wrestling Podcast

  • Royal Rumble Fallout and the road to AEW Revolution
    by Full Press Coverage on February 3, 2023 at 1:00 pm

    Jim is back once again joined by Teddy as they review AEW Dynamite and the […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM1285455994.mp3?updated=1675390350
  • AEW Tribute to Jay Briscoe and RAW 30 Plus Royal Rumble Preview
    by Full Press Coverage on February 3, 2023 at 12:58 am

    Jim is back once again joined by Teddy as they review AEW Tribute to Jay […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM4654276693.mp3?updated=1675386236
  • Vince McMahon Returns To WWE
    by Full Press Coverage on January 16, 2023 at 1:00 pm

    Jim is joined by Teddy Repantis as they discuss Vince McMahon's return to […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM3865373564.mp3?updated=1673818429
  • Big Time Returns - Mercedes Mone Debuts at Wrestle Kingdom, Charlotte Flair Returns and More
    by Full Press Coverage on January 15, 2023 at 9:08 pm

    Jim is joined by Teddy Repantis to discuss the debut of Mercedes Mone aka […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM5132505499.mp3?updated=1673817234

Full Press Daily Podcast

  • Islanders Land Horvat; What's Next For Canucks?
    by Full Press Coverage on February 1, 2023 at 1:15 am

    Jim Biringer is back with a Full Press Hockey Daily breaking down the Bo […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM7290884511.mp3?updated=1675214532
  • Divisional Round Predictions: Who Is Headed To Conference Championship Weekend?
    by Full Press Coverage on January 20, 2023 at 10:22 am

    Ian and John preview Division Round Weekend in the NFL and give their […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM8529478492.mp3?updated=1674229093
  • CFB Daily: Georgia Repeats As National Champions After Romp Of TCU
    by Full Press Coverage on January 10, 2023 at 5:24 pm

    Jim Biringer is back to break down the National Championship Game as […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM5907789453.mp3?updated=1673372018
  • CFB Daily: National Championship Game Preview
    by Full Press Coverage on January 9, 2023 at 1:48 am

    Jim Biringer is back with another College Football Daily previewing the […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM8227536826.mp3?updated=1673229448

FPC Radio LIVE

  • 2/3 - Tom Brady Retires... For Good
    by Full Press Coverage on February 3, 2023 at 2:20 pm

    Ian and John react to Tom Brady's second, and likely final, retirement. […]

    Your browser does not support the audio element. But you can check this for the original link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/chtbl.com/track/G481GD/traffic.megaphone.fm/ADV9028832404.mp3?updated=1675434312
  • 1/31 - Tom Brady and the 49ers, Aaron Rodgers Future
    by Full Press Coverage on January 31, 2023 at 9:00 am

    Ian and John discuss whether or not the 49ers loss in the NFC Championship […]

    Your browser does not support the audio element. But you can check this for the original link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/chtbl.com/track/G481GD/traffic.megaphone.fm/ADV5554802318.mp3?updated=1675093397
  • 1/30 - Conference Championship Recap: Eagles, Chiefs Advance
    by Full Press Coverage on January 30, 2023 at 10:35 am

    Ian and John recap the Eagles and Chiefs victories on Conference […]

    Your browser does not support the audio element. But you can check this for the original link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/chtbl.com/track/G481GD/traffic.megaphone.fm/ADV8063906204.mp3?updated=1675093432
  • 1/27 - Conference Championship Preview: Who is Going To The Super Bowl?
    by Full Press Coverage on January 27, 2023 at 9:50 am

    Ian and John preview Conference Championship Weekend and give their picks […]

    Your browser does not support the audio element. But you can check this for the original link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/chtbl.com/track/G481GD/traffic.megaphone.fm/ADV6365631907.mp3?updated=1674831526
Tags: Vince McMahonwwe
Share201Tweet126Share50
Previous Post

AEW Dynamite Ratings Drop For Second Straight Week

Next Post

Crossbody of Work Episode 146: Kenta Kobashi

Jim Biringer

Jim Biringer

Next Post
Crossbody of Work Episode 146: Kenta Kobashi

Crossbody of Work Episode 146: Kenta Kobashi

Stephanie McMahon

Stephanie McMahon Resigns From WWE

Leave a Reply Cancel reply

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
AEW Dynamite

AEW Dynamite Ratings Continue To Do Well

February 2, 2023
Ranking Randy Orton’s Groups & Tag Teams

Ranking Randy Orton’s Groups & Tag Teams

May 20, 2021
Crossbody of Work Episode 149: Io Shirai

Crossbody of Work Episode 149: Io Shirai

January 28, 2023
AEW Dynamite

AEW Dynamite Ratings Continue To Do Well

February 2, 2023
Crossbody of Work Episode 149: Io Shirai

Crossbody of Work Episode 149: Io Shirai

January 28, 2023
AEW Dynamite

AEW Dynamite Tops Million Mark

January 26, 2023

  • Royal Rumble Fallout and the road to AEW Revolution
    by Full Press Coverage on February 3, 2023 at 1:00 pm

    Jim is back once again joined by Teddy as they review AEW Dynamite and the fallout from the Royal […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM1285455994.mp3?updated=1675390350
  • AEW Tribute to Jay Briscoe and RAW 30 Plus Royal Rumble Preview
    by Full Press Coverage on February 3, 2023 at 12:58 am

    Jim is back once again joined by Teddy as they review AEW Tribute to Jay Briscoe plus RAW 30 and […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM4654276693.mp3?updated=1675386236
  • Regally Devilish
    by Ringside Rant on February 1, 2023 at 2:00 pm

    Refin It Up gets Regal this week as Brian, Jimmy, and RJ talk about the great career of William […]

    Your browser does not support the audio element. But you can check this for the original link: https://anchor.fm/s/82880a4/podcast/play/64333312/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2023-1-1%2F65507b31-4674-12df-83c5-32323d2e8263.mp3
  • Boot 2 The Face Episode 211 "Steel Reserve"
    by Boot 2 The Face on January 28, 2023 at 6:59 pm

    We preview the Royal Rumble and other things in the week of pro wreslting. […]

    Your browser does not support the audio element. But you can check this for the original link: https://dts.podtrac.com/redirect.mp3/pdcn.co/e/api.spreaker.com/download/episode/52571580/boot_2_the_face_episode_211_22steel_reserve_22.mp3
  • Ep 149: Io Shirai
    by Full Press Coverage on January 28, 2023 at 3:00 pm

    Japanuary is coming to a close with the career of Io Shirai. We are specifically looking at her run […]

    Your browser does not support the audio element. But you can check this for the original link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/chtbl.com/track/G481GD/traffic.megaphone.fm/ADV2039140427.mp3?updated=1674877541
  • Minisode 4: Kevin Owens vs John Cena
    by Full Press Coverage on January 25, 2023 at 3:00 pm

    Kevin Owens had one of the most memorable main roster debuts of the 2010s. The NXT Champion at the […]

    Your browser does not support the audio element. But you can check this for the original link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/chtbl.com/track/G481GD/traffic.megaphone.fm/ADV8108594353.mp3?updated=1673707181
All Shows

My Tweets

  • Toronto Continues Dominant Offseason with Chad Green Signing
    by Carter Brooks on February 4, 2023 at 1:56 am

    The Toronto Blue Jays have quietly put together the very best all-round offseason of any team in […]

  • Ep 142: Former Washington Quarterback And Super Bowl Champion Doug Williams Joins The Show
    by Clark Judge on February 3, 2023 at 10:39 pm

    Former Washington quarterback and Super Bowl champion Doug Williams joins Clark and Ira. The post […]

    Your browser does not support the audio element. But you can check this for the original link: https://traffic.megaphone.fm/BRCM8892311157.mp3?updated=1675463063
  • Sabres Notes: Dahlin Replaces Injured Thompson At All-Star Game, Luukkonen Named Rookie Of The Month
    by Michael Augello on February 3, 2023 at 7:52 pm

    Tage Thompson was all ready to jump on a plane to Florida to represent the Sabres and enjoy his […]

  • The Andy Reid Bowl: Coach Faces Old Team, Reid’s Legacy
    by Braden Holecek on February 3, 2023 at 5:35 pm

    The Andy Reid Bowl: Coach Faces Old Team, Reid's Legacy. Andy Reid will become the fifth NFL head […]

  • Chicago Bears: Poles Could Make Some Surprise Moves This Offseason
    by Carlos Nazario on February 3, 2023 at 4:13 pm

    The Chicago Bears have some decisions to make this offseason. Some of them, like parting ways with […]

 

Full Press Wrestling

Copyright © 2020 Full Press Coverage

Navigate Site

  • Home
  • WWE
  • AEW
  • Ring of Honor
  • Indies
  • Podcasts
  • Full Press Coverage

Follow Us

No Result
View All Result
  • Home
  • WWE
  • AEW
  • Ring of Honor
  • Indies
  • Podcasts
    • Crossbody of Work
    • Talkamania
    • Boot 2 The Face
    • Ringside Rant
    • Chaos Theory
    • Irish Whip
  • Full Press Coverage
    • Full Press Coverage
    • Full Press Hockey
    • Full Press Bets
    • Full Press Podcast Network

Copyright © 2020 Full Press Coverage

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In