Vince McMahon plotting return to WWE to sell company months after he retired over sexual harassment scandal
VINCE McMAHON is reportedly plotting a WWE return to sell the company just months after he retired amid a sexual harassment scandal.
In July, McMahon stepped down from the company after another sexual assault investigation was launched.
He left control of the WWE to his daughter Stephanie and son in law Triple H, real name Paul Levesque, a wrestling legend himself.
But now, according to Wall Street Journal, McMahon is looking to make a WWE comeback in order to help sell the sports entertainment giant.
He still has majority voting power through his ownership of WWE’s Class-B stock and is believed to have informed staff of his plans to return.
McMahon is said to have told the company he is electing himself and two former co-presidents and directors, Michelle Wilson and George Barrios, to the board.
But the move to reinstate him, something the board previously rebuffed, and the others will require three current directors to vacate their positions.
Rumours of a sell have swirled for years despite the WWE receiving a $1BILLION cash injection after selling US rights to the WWE Network to Peacock.
McMahon decided to leave the WWE last summer following a series of scandals.
There were claims he paid an ex-employee $3million to stay quiet about an affair.
The probe began in April 2022, finding non-disclosure agreements involving claims made by female ex-WWE employees of misconduct by McMahon and John Laurinaitis, the head of talent relations.
The WWE put out a statement on confirming McMahon “voluntarily stepped back from his responsibilities” within the company.
The American bought Capitol Wrestling Corporation, the holding company that owned the then-World Wrestling Federation from his father, Vincent J McMahon, in 1982.
He expanded the company during the pro-wrestling boom in the 1980s and over the years, WWE has cited McMahon as the key to the company’s success.
It has seen them rocket to the top of pro wrestling, a position they have maintained throughout their existence.