Vince McMahon Faces WWE Shareholder LAWSUIT | ADAM COLE Makes AEW Return | CULTAHOLIC WRESTLING NEWS
Cultaholic Wrestling
Cultaholic
4.7 • 1K Ratings
🗓️ 12 January 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Vince McMahon is facing a shareholder lawsuit following his return as WWE Executive Chairman. Details behind the Saudi Arabian sale rumour, and the origins of it, have been revealed. Plus WWE have parted ways with an NXT talent. Plus was a big return and a title change on last night’s AEW Dynamite.
Tom Campbell reports the latest news from WWE, AEW, IMPACT, NJPW and around the wrestling world every weekday morning. For the latest wrestling news throughout the day check out Cultaholic.com and follow us on Twitter @Cultaholic.
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Transcript
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| 0:00.0 | Vince McMahon to be sued by |
| 0:02.0 | W. W. W. E. shareholders. |
| 0:04.0 | Plus, we have details on the report yesterday |
| 0:08.0 | around the WWE sale to Saudi Arabia. |
| 0:11.0 | And Adam Cole is back in AEW Bay Bay for Thursday January the 12th |
| 0:18.0 | 2023 this is your cultaholic wrestling news when it comes to to WWE, typically at this time of the year, eyes are on the road to |
| 0:28.3 | WrestleMania. |
| 0:29.3 | However, this year, the eyes are on the boardrooms and the back offices of Stamford as |
| 0:36.1 | Vince McMahon's strong-armed return to executive chairman position is being met with aggressive backlash from at least as |
| 0:46.1 | far as we know one WWE shareholder. |
| 0:49.4 | Bloomberg Law reporting that a shareholder has sued Vince McMahon in Delaware's |
| 0:54.9 | Chancery Court, accusing him of wielding his 81% voting control to |
| 0:59.8 | oust three board members, replace them with loyalists and push through bylaw changes |
| 1:05.4 | that would quote impose his will on the board and W. W.E. The shareholder in |
| 1:12.0 | question is Scott A Fellows who is suing on behalf of himself and all others similarly |
| 1:20.0 | situated according to the official filing in the state of Delaware. |
| 1:25.7 | Now, this may open the floodgates for many other people who hold shares within |
| 1:33.3 | W. W. E. to air their grievance at the way |
| 1:37.0 | that the business has been dealt. |
| 1:40.5 | And this is one that we will no doubt keep an eye on across the weekend as well. |
| 1:47.0 | It doesn't end there in terms of behind the scenes movement and big announcements as well as it has come to light the reason |
| 1:56.6 | behind multiple board members resigning from W. W.E. this week it'll come as surprise, but to see it written down in black and white |
... |
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