WWE Q2 Report, Feds Subpoena McMahon, The Elite | POST x Wrestlenomics

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4.8 • 1.1K Ratings

🗓️ 2 August 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

John Pollock and Brandon Thurston go through the WWE’s second-quarter earnings report and a grand jury investigation involving Vince McMahon.

The two chat about the sizable yearly increases in various segments, the status of the merger, a federal grand jury subpoena on Vince McMahon, McMahon taking a medical leave of absence, and Nick Khan’s update on the state of the U.S. domestic rights negotiations.

Plus: The Elite re-sign with AEW, All In on pay-per-view, Collision ratings, Jake Paul vs. Nate Diaz, and the latest attendance figures for SummerSlam

Transcript

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0:00.0	Hello, everybody. I want to go back to December 27th, 2022 in a statement from the WWE Board of
0:08.1	Directors. Although we welcome your participation in the launch of a strategic alternatives review
0:13.5	process, it is also our unanimous view that your return to the company at this time while government
0:18.8	investigations into your conduct by the US Attorney's Office and SEC are still pending and would not
0:24.5	be prudent from a shareholder value perspective. This determination is based on a variety of factors,
0:29.5	including non-public information, the board has become aware of, and the risks to the company
0:33.8	and its shareholders are placing a greater spotlight on these issues. Welcome to the August 2nd
0:40.0	edition of Pollock and Thurston, a very crazy day in the world of professional wrestling.
0:45.2	And one of those days, Brandon, where pro wrestling does manage to reach out to the casual fans out
0:50.3	there because I see non-stop WWE headlines today. How are you? I'm good, how are you? This is clearly
0:56.2	what WWE needs to do to reach out to the casual fans more on. This is it. This is it. You break more
1:00.4	news in 10 queue filings with the Scuries and Exchange Commission. That's the answer to all these
1:05.8	questions and how interesting that as the WWE returns to Ford Field this coming Saturday,
1:11.3	the last event in that stadium, the Battle of the Billionaires, and this week the two key draws
1:17.0	to that WrestleMania, the Battle of the Billionaires, celebrating in grand jury fashion this week.
1:22.1	What a return to Ford Field for this big 16 year return in the draw.
1:27.6	Yes, because I have a feeling Donald and Vince will not be meeting once again, though.
1:32.8	It's coming. You don't see highlights of that maybe being part of the opening,
1:35.8	maybe Kid Rock, or Voice, and Open, referring to two of his heroes.
1:39.7	Yeah, I think they'll avoid that.
1:42.4	Well, we are going to be diving into a lot of things. I thought, you know,
1:46.3	this week, no guests, we're going to be mainly concentrating on the Q2 earnings.
	...

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