Amidst his hierarchical decline post TKO acquisition, Vince McMahon made a rare appearance at newly-constructed WWE HQs this week
The Genetic Jackhammer was in the building for WWE's annual holiday bash.
Vince McMahon [via- WWE]
For most of the fans, Vince McMahon‘s hierarchical ebb in WWE has been a breath of fresh air. The 78-year-old hasn’t been around for a long time, He was recently axed from meddling in creative meetings as well by Endeavor CEO Ari Emanuel. However, that doesn’t mean McMahon has completely nestled into the shadows. Having said that, Vince made a rare visit to the brand-new WWE headquarters this past Wednesday.
According to PWInsider, the former WWE CEO traveled to the company’s power base to attend the annual holiday party. The report noted that McMahon’s appearance seemed unusual, as he didn’t use to mark his presence in the previous editions of the aforementioned bash. However, sources close to the situation described Vince McMahon’s mood as approachable and friendly.
McMahon talked to a lot of employees present at the WWE HQs. However, nothing is being said beyond that. The WWE Superstars were not present at the corporate rendezvous for a change. As the calendar is turning half past December, WWE is making plans to let its employees make the most of their holiday season. A recent report from Fightful Select notes that the company is planning to pull the curtains on everything between December 19 and 25.
McMahon might’ve attended the annual bash to greet his fellow workers. Though he’s still a top-brass figure in WWE, his control over things has drastically tumbled in recent memory. McMahon also faced the accusation of being the main reason behind an unprecedented slump in TKO shares. Mark Shapiro and Ari Emanuel are cognizant of what Vince McMahon brings to the table, apart from decades of business acumen.
Does Vince McMahon have plans to leave WWE?
Not that long ago, Vince McMahon sold nearly 8.4 million of his TKO shares. Roughly, it accounts for 25 percent of his gigantic market value of $700 million. After Vinnie Mac made this move, speculation was invoked regarding his potential step down from the current set of powers he holds.
However, a report from Sports Illustrated is enough to put those rumors to rest. According to the outlet, the Executive Chairman of TKO Group Holdings has no plans to leave WWE. Despite liquidating his wealth, McMahon is in no mood to step down from the throne like he did back in 2022.
There were mentions that the business tycoon sold tons of his TKO shares to liquidate money. He was allegedly seeking over a billion dollars for a new venture. However, there’s nothing concrete to follow up on.
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