Vince McMahon returns to WWE
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 6 January 2023
⏱️ 10 minutes
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| 0:00.0 | So Vince McMahon is plotting his return to WWE and the intent is to sell the company. |
| 0:08.0 | He wrote a letter to their board in late December. |
| 0:10.4 | He announced his intent and he's going to perform a strategic review process of the company |
| 0:15.4 | because WWE's live rights for Raw and SmackDown, which is a major source of revenue for |
| 0:21.9 | the company, they're up in 2024. |
| 0:24.9 | So this is the window. |
| 0:26.5 | This is the time to pursue a sale. |
| 0:30.7 | So the interesting for several reasons, one, obviously it's interesting to me because |
| 0:36.2 | it's wrestling, but this is not a wrestling segment. |
| 0:39.4 | World Wrestling Entertainment is a gargantuan mega media empire. |
| 0:43.5 | It's valued at $5 billion. |
| 0:45.5 | Yes. |
| 0:46.5 | So when we're talking about this, don't turn it off, think, well, it's just wrestling. |
| 0:48.8 | No, we're talking about it because it is a mega media empire. |
| 0:53.2 | And if indeed world wrestling entertainment were to be sold, it would have a profound |
| 0:58.0 | impact on entertainment as a collective because it would take a bohemoth, an already existing |
| 1:04.5 | bohemoth in order to acquire it. |
| 1:06.7 | That being said, this McMahon is not selling world wrestling entertainment. |
| 1:11.2 | They're trying to, they're trying to disguise it as this. |
| 1:15.3 | Vince McMahon will not let his creation go as long as he is alive. |
| 1:20.9 | Vince McMahon is mad because he got run out of the thing that he created. |
| 1:26.9 | And as the biggest shareholder of world wrestling entertainment, just because he's not the |
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