Vince McMahon Announces Retirement From WWE
- Thread starter DinkyDev
- Start date
Ah cool so I have even less reasons to watch than I already did.
Next you'll tell me that he wants to rehire Velveteen Dream.
Next you'll tell me that he wants to rehire Velveteen Dream.
Vince is majority stock owner. He has controlling interest regardless of what anyone else says.
This is 100% the reason.
Also, Vince is a man who notably has no known hobbies. All he did is work and work out. He's probably been completely losing his mind since stepping down.
He could always pull a "I'm not giving up my power now that I'm back" move, but he's even too stupid to realize him back as Chairman could potentially harm and lower their value for their TV renewal rights and possible buyers. He's actively hurting his own pocket by voting himself back in power.
Of course NBC Universal could be salivating at buying the WWE at a lower price now.
It's going to end up being a fire sale, probably to Comcast.
Last time a major communications company owned a wrestling promotion, it went just great.
Just great.
If WWE gets sold to a different company, doesn't that mean that talent have to (get to) renegotiate their contracts? Everybody get together and go to... AEW? Yay?
Brian Roberts gonna buy them and put RAW AND SMACKDOWN on Peacock, It's no coincidence that WrestleMania is coming to Philly next year.
Yeah, Vince is definitely the kind of egomaniac that would despise WWE being successful without him. No surprise there.
Except her daughter, who probably was the one who convinced him to go. She'll fight back, even if she fails, she'll make sure the company is owned by an institution that's familiar with WWE, most likely Comcast/NBC.
No, if WWE gets sold to a different company, the company buys WWE and all their contracts and brands as they buy it all in one go. The WCW situation was a bit special because sWCW wrestlers were under contract with TBS, and WWE only bought the WCW brand and intellectual properties, and then decided not to get all wrestlers under contract (with the non picked wrestlers still under contract by TBS).
Or a Saudi blood money main event!
A post-heart attack Hunter vs an almost 80 y.o. Vince
IT'S SUCH GOOD SHIT
Didn't they try to get Ric Flair and Goldberg? Turner refused to sell the contracts and WWE waited until the contracts are done, signed both at the first opportunity.
The TLDR from this article is that Vince is basically trying to do a coup to get himself back in power but the board is resisting it, and Vince is holding rights deals as leverage.
So he's not actually back, he's just trying to go public with his deal
So he's not actually back, he's just trying to go public with his deal
Turner didnt refuse to sell the contracts. WWE refused to pay the contracts because they were too expensive and tried to renegotiate with some of the big WCW stars to come for a cheaper price. All (except for DDP, Bagwell and Booker T) decided to sit down with their big fat guaranteed contracts during the duration of it. Which I mean, getting paid big bucks without having to perform wrestling is a good thing.
At that time the heads of AOL didnt give a shit about wrestling (hence selling the entire library of WCW and all the affiliated stuff for a ridiculously low price), so refusing to get rid of expensive stars that wouldnt be used at all would be stupid.
Yup, and the kicker here is that him openly admitting this is some Lionel Hutz level malpractice from his legal team. Because if TV rights deals are jeopardized because of this, then Vince opens himself up to a pretty nasty lawsuit and other potential actions. Which could result in him being forced into divesting his stocks.
Yeah this is likely going to end with the WWE board suing Vince and Vince potentially taking an L because he's essentially just trying to blackmail the company
This was "when", not "if".
Vince practically said "...over my dead body!" when it came to selling the kingdom.
Vince practically said "...over my dead body!" when it came to selling the kingdom.
That's interesting. Turner didn't refused to sell but they also didn't release the stars from their contracts. Stars like Flair, Sting and Goldberg still got their checks from Turner while doing nothing.
I don't think it's "potentially", I think pretty much a fact if the board sues Vince, he will lose. Him not having the minority stockholders best interest at heart is a textbook case of minority shareholder oppression.
Normally I would be like "well this person is rich so they are above the law" but Vince is making the mistake of fucking with other rich peoples money as well.
Most big WCW stars had basically fully guaranteed contracts (with extras from appearances and merchandising). Even if they got fired Turner would need to pay the guaranteed part out. The guaranteed part was more than whatever WWE wanted to pay them, so they decided "lol no".
WWE has always tried to avoid that because they are cheap bastards and want to keep a position of strenght where they can easily fire wrestlers as they arent "true" employees but independent workers (they are true employees).
Vince McMahon Takes Actions in Support of Plan for WWE to Undertake a Review of Strategic Alternatives and Capture Unique Opportunity to Maximize Long-term Value for All Shareholders
/PRNewswire/ -- Vince McMahon, the founder and controlling shareholder of World Wrestling Entertainment Inc. ("WWE" or the "Company") (NYSE: WWE), announced...
www.prnewswire.com
Can Vince's side argue that selling the company is actually in everyone's best interest?
Depends. Because the problem is that Vince is a liar, and would need to actually sell the company. Because as it stands, it's pretty fucking telling that everyone both in and around the business thinks he's lying and is just using that as an excuse to get full control of the company back. Him bringing back some yes-men/women or attempting to doesn't paint a picture of a man who wants to sell the company. Especially when he fired Barrios and Wilson a couple of years ago for "being bad at their jobs".
This ain't happening. If Vince succeeds in forcing his way back, what's going to prevent a mass talent exodus?
them having nowhere else to go because aew is full to the gills
njpw could absorb a few, but not at the kind of wages they get at wwe
There won't be any exodus because Vince will clean house as soon as he gets in.
he has no life outside of wrestling and has probably been brooding at home about how "unfair" it all is
probably thinks hhh or steph were the board members who shopped him in too
This and there's a very good chance he's incredibly pissed off that WWE is doing better without him.
I feel like he's legitimately not looking for creative control of the product like he says in the release. He just wants to be in the room whenever a TV deal/sale comes online.
