WWE CEO and Chairman Vince McMahon has resigned from his roles within the company amid an investigation into a “voluntary resignation.” alleged affair and payoff with a WWE employeeaccording to that Wall Street Journal. Here’s everything we know so far about McMahon’s ongoing investigation.
What are the allegations?
McMahon is accused of having an affair with a former WWE paralegal and paying her $3 million as part of a January breakup agreement that also barred her from discussing or belittling her relationship with him, according to the Wall Street Journal.
An internal investigation conducted by a WWE select committee reportedly found that McMahon had entered into similar non-disclosure agreements with other former female WWE employees, detailing alleged misconduct by both McMahon and WWE Talent Relations Director John Laurinaitis. was claimed WSJ
WWE board members reportedly launched the investigation into McMahon in April after learning of the CEO’s alleged misconduct through anonymous emails sent to the company by someone who claimed to be friends with the former WWE attorney be.
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What does this mean for the storylines?
Corresponding a joint press release From the WWE Board of Direct ors, McMahon will retain his “role and responsibility” for creative storylines while he is under investigation.
And what does that mean for the company?
It’s currently unclear whether McMahon will resume his duties as CEO or chairman. For now, his daughter Stephanie McMahon will serve as interim CEO and chair of the company. It’s possible she could take over should her father finally step down.
Paul “Triple H” Levesque, husband of Stephanie, a former WWE Superstar and executive vice president of global talent strategy and development, could be tapped to run the company in Vince’s place, although his health could get in the way. Already in September, Levesque fell ill with heart failure and forced his retirement in the ring ESPN
Shane McMahon, Vince’s son, could be due to his previous experience booking wrestling programs with WWE and his “Monday night wars“Competitor WCWalthough his odds are pretty slim following his release from the company in February following the company’s Royal Rumble pay-per-view sports illustrated.
Fans and media speculated that WWE is new Mass release of wrestlers could signal the company’s plan to eventually sell itself. Even though WWE President and Chief Revenue Officer Nick Khan denied the rumor. Khan said WWE is “neither in active discussions” nor “actively seeking a sale,” according to Khan Bleacher report.
Has WWE ever been sued or investigated?
In 1994, Vince McMahon was indicted Dispensing of illegal performance-enhancing drugs by the US Attorney for the Eastern District of New York. The jury found McMahon not guilty.
In 1999, Martha Hart, the deceased’s wife, died Owen Hart, sued WWE (then the World Wrestling Federation) for a wrongful death lawsuit after the wrestler fell to his death when his grapple harness malfunctioned during his entry from the rafters to the ring in the Over the Edge pay-per-view. Controversially, the company decided to continue the event while Hart was evacuated from the Kempler Arena to Truman Medical Center, where he died of blunt force trauma and internal bleeding. WWE awarded Martha an $18 million settlement in 2000, which she used to found the nonprofit charity the Owen Hart Foundation.
In 2002, the UK Court of Appeal ruled in favor of the World Wildlife Foundation, which was suing the then World Wrestling Federation for violating their 1994 agreement with the organization that banned the wrestling company from using the WWF acronym logo CNET. This decision prompted the company to change its name to World Wrestling Entertainment.
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