Vince McMahon successfully muscles his way back to the WWE

Despite the Board of Directors' unanimous vote not to let Vince McMahon come back, the majority shareholder of the company still got his way.

It pays to be the majority stockholder of the company that basically ousted you. Despite not getting a single approval from the Board of Directors, Vince McMahon flexed his muscles to secure a seat as a member of the Board of Directors of the WWE.

vince mcmahon back to wwe
The Board of Directors just found out the hard way that you can't just kick out Vince McMahon for good.

The WWE all but pushed the elder McMahon out last year because of the mounting sexual allegations lobbied against him by several former WWE employees. However, as the WWE is in the middle of negotiating talks with TV stations, Vince McMahon smelled blood and went for the kill. Just days after Vince McMahon was said to be working out a way to get back on the WWE, he got exactly what we wanted.

Apparently, Vince McMahon used WWE's current situation against them so he can go back into power. Because he controls the majority shares of the WWE, Vince McMahon can reject proposals just because.

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Although this wasn't exactly a secret, most in the WWE didn't expect Vince McMahon to use this to his advantage. It's believed some are considering leaving the WWE if it can't get rid of Vince McMahon as soon as possible.

Below is a statement released by Vince McMahon as he returns to power:

WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms. The only way for WWE to fully capitalize on this opportunity is for me to return as Executive Chairman and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives. My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder.

Now that Vince McMahon is back in power and reportedly looking to sell the WWE, Michael McCarthy, and A.J. Perez of Front office Sports claim Saudi Arabia's Public Investment Fund is "emerging as a possible bidder" for the world's leading wrestling promotion.

We wouldn't be surprised if this sale pushes through considering that the WWE has played a prominent role in the country's development program, "Saudi Vision 2030", as part of its plans to drive more money into its economy.

The WWE is currently in the middle of a ten-year agreement with Saudi Arabia to hold at least two large-scale events in the country annually.

vince mcmahon back to wwe
Vince McMahon's return isn't expected to affect the company's day-to-day operations.

As for the creative side of the WWE, Triple H still has full control but this could all change in the next few months. Stephanie McMahon and Nick Khan are still on-board as the co-CEOs of the WWE.

Ray Ampoloquio
Ray is a lifelong gamer with a nose for keeping up with the latest news in and out of the gaming industry. When he's not reading, writing, editing, and playing video games, he builds and repairs computers in his spare time. You can find Ray on Twitter.
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