Vince McMahon reportedly making major moves to regain power in WWE

Vince McMahon is trying to recover his influence after leaving WWE. McMahon notified the WWE Board of Directors that he is choosing himself and former WWE executives George Barrios and Michelle Wilson, according to the Wall Street Journal. The paper states that three directors must resign to reinstall Mr. McMahon and others. McMahon, who still holds majority voting power, told the WWE Board of Directors that he will not accept any media-rights transaction or corporate sale without his direct involvement.

10 Best moment of Royal Rumble, WWE top 10 > Watch here<

“WWE is nearing a key crossroads in its history with the impending media rights talks coinciding with rising industry-wide demand for quality content and live events and with more firms desiring to hold the intellectual property on their platforms,” McMahon wrote.

“The only way WWE can properly capitalize on this potential is for me to return as Executive Chairman and support the management team in media rights negotiations and a strategic alternatives study. WWE and any transaction counterparties will know they have the support of the controlling shareholder when I return. WallStreetJournal.com has more.

Also read: Noah Schnapp revealed himself as a Gay: ‘I’m More Similar to Will Than I Thought’

Powell’s take: Yahoo.com has the story for non-WSJ subscribers. According to WSJ, Vince wanted to return since he thought he was misadvise to reign. Today’s WSJ report confirms his move. The prior narrative was met with internal backlash, and I doubt that has changed. We’ll continue to follow the story, which Jake Barnett and I will cover on today’s Dot Net Weekly audio broadcast for Dot Net Members (including Patreon donors).