Former WCW president Eric Bischoff has reacted to news of Vince McMahon’s WWE return.
As recently reported, Vince McMahon is back on WWE’s Board Of Directors, effective immediately. Last year, McMahon was forced to step down after allegations of sexual misconduct with female employees surfaced. Both Nick Khan and Stephanie McMahon stepped in as co-CEOs in his place.
McMahon also retired from WWE soon after, leaving Triple H to take over as head of creative for the company. However, months later, McMahon then released a statement announcing his intention to return to the company, believing it was in the company’s best interest.
Initial reports suggest that McMahon has returned to seek a sale of the company. Currently, his 37% share of WWE stock gives him an 80% majority voter share over the board’s actions.
Taking to his podcast, “83 Weeks,” Bischoff offered his take on the situation, and the potential sale of WWE.
“I understand your question, but I think — now I haven’t read everything that’s come out in the last couple of hours. I’ve seen some of the bigger headlines and a couple other emails and stories.
“But I think Vince is — his reasoning for coming back and making this move is to aggressively pursue a sale. So in that case, I don’t think that matters. Because if he sells the company, he’s not gonna be running it anymore. And whether things ran better with him or without him is an irrelevant, a moot point.
“Because whoever buys it isn’t going to have Vince McMahon running it anyway. They’re gonna run it. So no, I think this is Vince’s exit strategy. And whether it’ll run better with him or without him isn’t really a discussion in an exit strategy like that.”
Today, via an SEC filing, it was confirmed that McMahon was back with the WWE’s Board Of Directors, effective immediately. He’s also returning alongside WWE co-Presidents Michelle Wilson and George Barrios.
They will be replacing now-former board members JoEllen Lyons Dillon, Jeffrey R. Speed, and Alan M. Wexler. It remains to be seen if McMahon’s return will include a return to the creative side of the company as well.
Quotes via 411Mania
