Name WWE Massive quits after McMahon return
#WWE #Massive #quits #McMahon #return Welcome to Alaska Green Light Blog, here is the new story we have for you today:
Vince McMahon has decided to return to WWE. A new filing showed McMahon returning to the WWE Board of Directors. Reports surfaced that the WWE The Board of Directors also attempted to prevent Vince McMahon from returning. Former WWE Co-Presidents Michelle Wilson and George Barrios also serve on the board. Independent directors Alan Wexler, JoEllen Lyons Dillon and Jeffrey Speed were removed. John Pollock noted that two board members have resigned today: “Ignace Lahoud and Man Jit Singh have resigned from the board effective today.” This is separate from the three board members removed.
Fightful’s Sean Ross Sapp took to Twitter to report that Man Jit Singh, who was the internal lead investigator on the Vince McMahon investigation, has resigned from the WWE Board of Directors.
Ignace Lahoud and Man Jit Singh have resigned from the WWE Board of Directors today. Man Jit Singh was the internal lead investigator on the Vince McMahon investigation
Vince McMahon is back in WWE
The filing shows that Vince made changes to the WWE Bylaws so that media rights deals and company sales cannot be made without his approval. The filing also includes emails Vince sent to the board.
On Thursday, Vince took action to return to WWE to participate in media rights negotiations. In a press release, Vince said:
“WWE enters at a critical juncture in its history as upcoming media rights negotiations coincide with increased industry-wide demand for quality content and live events, and more companies seeking to own the intellectual property on their platforms. The only way for WWE to take full advantage of this opportunity is for me to return as Executive Chairman, supporting the management team in negotiating our media rights and combining this with a review of strategic alternatives. My return will allow WWE, as well as all transaction counterparties, to participate in these processes knowing that they will have the support of the controlling shareholder.”