His position is not immune to challenges from other shareholders or regulatory agencies, but Vince McMahon’s pursuit of a sale enabled his return to WWE, JustinBarrasso writes
, leaving Nick Khan as the sole CEO. The board has changed significantly. And it was no surprise McMahon was unanimously voted to be reappointed as executive chairman, as any potential opposition is no longer part of the board.
McMahon also referenced exploring strategic alternatives for the company. That traditionally signals a sale is not too far away. And that is the key to his return. McMahon removed JoEllen Lyons Dillon, Jeffrey Speed and Alan Wexler from the board in order for Barrios and Wilson to rejoin alongside him. Amid that commotion, WWE also announced that Ignace Lahoud and Man Jit Singh were both leaving the board. That is not a minor change or two; it is an overhaul of the now eight-person board.
For now, McMahon has reinserted himself as the company’s deciding factor. As majority shareholder, he needs to vote for a new media rights agreement. Nothing happens without his input and approval. He is back in charge of his company, regardless of the fact that it was successful without him. But there are plenty of variables out of McMahon’s control that could completely turn this upside down.
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