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Thread: Vince McMahon leaves/returns & possible WWE sale

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    Champ is Gone
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    Vince McMahon leaves/returns & possible WWE sale


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    Press release

    https://corporate.wwe.com/news/compa...22/07-22-2022a

    STAMFORD, Conn., July 22, 2022 – Vince McMahon today released the following statement:

    “As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment. I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, currently like, and sometimes even love our form of Sports Entertainment.

    “Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always. I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the majority shareholder, I will continue to support WWE in any way I can. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. Then. Now. Forever. Together.”

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    totally thought he would die in charge. i wonder what they have on him now to make him step down.

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    you either die a hero... Morrison's Avatar
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    this is absolutely nuts.

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    1-800-Call-My-Bluff Fro's Avatar
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    Quote Originally Posted by Matthew View Post
    totally thought he would die in charge. i wonder what they have on him now to make him step down.
    with all of the recent news, do you really need to wonder?

    this is not surprising at all given what's come out lately. as I said in the other thread, there is a duty to the shareholders to get rid of him if he is a liability to the company. given the allegations of coerced sex from his subordinates (in other words, essentially rape) which he paid to cover up, he is certainly a liability.

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    Real Sports apparently has a big story coming out on the Vince NDA stuff and I figure Vince and Jerry got a whiff of what they got and that was the last nail in the coffin.

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    Never thought this day would come. Been a crazy few months!

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    Noli Timere Messorem The_Mike's Avatar
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    hey Matthew's Avatar
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    Quote Originally Posted by Fro View Post
    with all of the recent news, do you really need to wonder?

    this is not surprising at all given what's come out lately. as I said in the other thread, there is a duty to the shareholders to get rid of him if he is a liability to the company. given the allegations of coerced sex from his subordinates (in other words, essentially rape) which he paid to cover up, he is certainly a liability.
    well, obviously. but he stayed for a bit past the first allegations. just feel there would need to be something bigger to make him retire on fkn twitter

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    Bryan Alverez is reporting Brock Lesnar has walked out of the show for tonight

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    And people thought he was still untouchable even after recent events.

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    Noli Timere Messorem The_Mike's Avatar
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    Quote Originally Posted by Matthew View Post
    well, obviously. but he stayed for a bit past the first allegations. just feel there would need to be something bigger to make him retire on fkn twitter
    Agreed. Vince's reaction to the earlier allegations and revelations was to rush himself onto live TV. To so abruptly announce retirement is odd, especially since he's citing "oh well I'm 77" which is actually a month away.

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    Quote Originally Posted by Defrost View Post
    Bryan Alverez is reporting Brock Lesnar has walked out of the show for tonight
    What the fuck.

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    Pissed Off MTR's Avatar
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    Honestly there must be more big news about to come out and Vince would rather just retire and go out on his terms without the board forcing him out.

  18. #18
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    Quote Originally Posted by MTR View Post
    What the fuck.
    Sapp confirmed it and said he heard Brock was super pissed

    It's probably a ploy to get more money while the company is in flux

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    Quote Originally Posted by Defrost View Post
    Sapp confirmed it and said he heard Brock was super pissed

    It's probably a ploy to get more money while the company is in flux
    You know I am not against people getting paid but shit. You know he is making a killing and only working part time and now most of the rest of the roster is back to working live shows on the weekends. If he is looking for more money he can fuck off. If it is something else I would be interested to find out what.

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    I never thought I would see this happen. The investigation have found something bad. REALLY REALLY BAD!

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    Thank you Vince McMahon. That's all I have to say.

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    First Bannon, now Vince...is Georgia going to induct Trump for the trifecta?

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    Quote Originally Posted by MTR View Post
    What the fuck.
    I was wondering about that too. According to Brian Alvarez:

    Brock's line was some derivative of, "If he's gone, I'm gone."
    Lesnar and Vince seem to get on but it seems odd to me that Lesnar would be pissed that Vince isn't there anymore. I really hope it's not just about money, though I also really hope he's not on the train of "this is all bullshit and poor Vince is being cancelled", especially since I'm sure his wife saw and dealt with some shit working for the company.

    JR had an interesting reaction on Twitter, too:

    WOW!

    Helluva day!
    That's it. I'd imagine someone working so closely with Vince for so long would have had some more thought, and maybe he's just busy, but not even a "he made a huge impact" or "enjoy retirement" leads me to speculate JR is also anticipating some big revelations that would make even faint praise a bad idea.

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    I just got an email from WWE promoting Smackdown tonight and says Lesner returns to Smackdown.

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    Holy fucking shit...

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    The Fresh Maker Mazer's Avatar
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    Nick and Steph as Co-CEOs.

    Two very different approaches, at least it seems.

    HHH back as EVP of Talent Relations-I support.

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    Vince McMahon, gave us an amazing childhood of memories, but i am thankful today he retired. It was time for change in WWE even before all the accusations came out. For Vince to actually step down from what has been his life for 40years there has to be more information to come from WSJ or other sources.

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    Historic day. This is nuts.

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    Rumor is Goldberg is replacing Brock

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    Quote Originally Posted by Defrost View Post
    Rumor is Goldberg is replacing Brock
    Oh joy.

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    I was 5 years old when Vince bought WWE. I have never known a time without him at the helm. It is really incredible that, besides being a stock holder, tonight Vince is no longer a part of WWE

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    Fuck you Roman... Tim's Avatar
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    Seems a little suspicious that Trips loses NXT last year and Steph is demoted or whatever and then this news about Vince comes out and they’re both promoted back. The McMahon Helmsley era in real life.

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    The Fresh Maker Mazer's Avatar
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    Quote Originally Posted by Defrost View Post
    Rumor is Goldberg is replacing Brock
    That would not be the type of change I was hoping for

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    It'll lead to theory cashing in on Goldberg so all good

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    Crazy news day. Will wait on more info before coming to my own judgement on it as it seems like we aren't close to the full story here.

    Not focusing on any outside of wrestling stuff still gotta give Vince his props on the wrestling side. Fella is legit the most important person in the business' history and without him we wouldn't have had all the great stuff we've had for the last fourty years. Literally turned a regional business into a worldwide behemoth.

    Never shy of a challenge either, came back from a big beating if WCW and that was his most successful one but plenty of failed ones in XFL, bodybuilding, boxing, film studios, music etc despite the failings on those he was at least willing to give it a bash.

    Unless there is some real dodgy stuff with these allegations which I guess we'll find in time it would be cool to see Vince do a podcast or write some books about life as the head honcho of wrestling. It won't happen but I'd be all for it if he did.

  36. #36
    Fuck you Roman... Tim's Avatar
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    So can he still appear on the show or is it bad press?

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    an affront to god mth's Avatar
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    Holy balls. Crazy news to come home to. Wild times.

  38. #38
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    Yikes. Didn't think I'd see the day.
    Be interesting to see what the short & long term changes are. Cole's going to be confused if he has different voices in his headset shouting at him. And will Kevin Dunn walk now? Heard Steph and Trips aren't big fans.

  39. #39
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    Craziness.

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    So sad by this news. Love you Vince, wouldn't have this crazy Fandom without you.

  41. #41
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    Since Brock has decided to walk out... will he be suspended indefinitely?

    edit: nuts
    Last edited by VHS; July 22nd, 2022 at 10:15 PM.

  42. #42
    Fuck you Roman... Tim's Avatar
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    When Brock came out and did the fake me out hesitation to get in the ring I thought maybe that was a jab at the internet rumors that he was leaving but then does Brock even know the internet exists?

  43. #43
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    Quote Originally Posted by VHS View Post
    Since Brock has decided to walk out... will he be suspended indefinitely?

    edit: nuts
    I quoted to reply asking if that was his stunt double coming out and your edit showed up. Good timing.

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    I loved that Pat goes "I thought" and Cole goes "Me too" to acknowledge the rumors

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    E-Bow The Poster Rancid_Planet's Avatar
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    How long does Prichard keep his job?

  46. #46
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    Lol at Dave Meltzer/Defrost furiously tugging himself off at this news.

    Sounds like something bad was coming to force him to do this. End of an era.

  47. #47
    Champ is Gone
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    Quote Originally Posted by Romford Pele View Post
    Lol at Dave Meltzer/Defrost furiously tugging himself off at this news.

    Sounds like something bad was coming to force him to do this. End of an era.
    I furiously tug myself off to step moms getting stuck in couches not this horseshit.

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    Has he truly retired or is he secretly running things now

  49. #49
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    All joking aside someone secretly running a public company of that size would have to be wildly illegal wouldn't it?

  50. #50
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    He is actually a lizard.

  51. #51
    The Fresh Maker Mazer's Avatar
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    Quote Originally Posted by Defrost View Post
    All joking aside someone secretly running a public company of that size would have to be wildly illegal wouldn't it?
    There are a fair amount of disclosures.

    TBF, it's not like the majority shareholder doesn't retain a lor of voting power.

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  53. #53
    What the fucks up Dennys! Nash Diesel's Avatar
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    Quote Originally Posted by Mazer View Post
    There are a fair amount of disclosures.

    TBF, it's not like the majority shareholder doesn't retain a lor of voting power.
    His influence will continue to be very strong. Most companies have a figurehead or 2 and then there's the real decision makers. I mean, Vince is 77 years old he should've retired 10 years ago so he could enjoy his family and fruits of his labor while in better physical health. There has been so many changes to the structure of this company since Covid started. 5 years ago Vince wouldn't have retired and would have no sold the allegations and whatever. Now it's a different world. You can't no sell everything especially when the idea of the American Dream is to achieve it, and then watch it get torn down and go extinct.

  54. #54
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    Quote Originally Posted by Defrost View Post
    I furiously tug myself off to step moms getting stuck in couches not this horseshit.
    Come on, you have had a hard on for Vince and Wwe for years.

  55. #55
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    Quote Originally Posted by Romford Pele View Post
    Come on, you have had a hard on for Vince and Wwe for years.
    Honestly, I'd rather Vince had just died. For a couple of reasons.

    1. Since he still controls all the voting power the best case scenario is that WWE gets sold sooner than later and that just puts several billion dollars into his bank account.
    2. I cannot foresee a scenario where things don't get really bad for some of the woman that were abused in this.
    3. Vince McMahon is a piece of shit and the world would be a better place if he wasn't in it.

  56. #56
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    Thankyou for confirming my previous post.

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    Defrost may be Ryback, based on the hatred of Vince McMahon, and the inability to realize a couple means 2, not 3.

  58. #58
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    Quote Originally Posted by Dave Wyndorf View Post
    Defrost may be Ryback, based on the hatred of Vince McMahon, and the inability to realize a couple means 2, not 3.
    If Ryback also gets off on step moms getting stuck in couches then yeah we might be onto something here.

  59. #59
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    Quote Originally Posted by Dave Wyndorf View Post
    Defrost may be Ryback, based on the hatred of Vince McMahon, and the inability to realize a couple means 2, not 3.
    Throuple reasons

  60. #60
    hey Matthew's Avatar
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    Quote Originally Posted by Dave Wyndorf View Post
    Defrost may be Ryback, based on the hatred of Vince McMahon, and the inability to realize a couple means 2, not 3.
    it can also mean a small number, not just two.

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    Triple H is head of talent relations AND officially now head of creative.

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    There is official financial stuff from WWE I don't understand.

    https://twitter.com/BrandonThurston

    Is the best follow.

    Quick summary they refer to Vince as having resigned not retired. They have found almost 15 million dollars of unreported payments from that should have been reported in the last 4 years. The Feds are investigating. They're also probably getting sued by stockholders.

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    Quote Originally Posted by BGMaverick View Post
    Triple H is head of talent relations AND officially now head of creative.
    Hope it's not too much work and stress for the old ticker.

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    Quote Originally Posted by Matthew View Post
    it can also mean a small number, not just two.
    Just looked it up and it appears you are correct. I've just always known couple meaning two, wasn't aware it could mean more. 3 or more would be few or several.

    Thanks for helping me learn something new!

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    Quote Originally Posted by Defrost View Post
    There is official financial stuff from WWE I don't understand.

    https://twitter.com/BrandonThurston

    Is the best follow.

    Quick summary they refer to Vince as having resigned not retired. They have found almost 15 million dollars of unreported payments from that should have been reported in the last 4 years. The Feds are investigating. They're also probably getting sued by stockholders.
    Resignation and Retirement can be used simultaneously. That's a nothing.

    The biggest news is the non-disclosed payments. But for that amount of money, I doubt they'd be able to see any meaningful shareholder legal actions given the amounts and actions. I haven't seen anything to convince me those are more than the normal nuisance suits that come up often when a company has a scandal or big losses that are unexpected. I still think the thing people aren't paying enough attention to is talent that could come forward with damages claims, if it comes through that people were given improper advantages as a result of illegal and/or actions against defined company policy. I'm not sure that it's super-likely, but I'm sure someone like Khan has a risk-assessment done.

    While the biggest concern is almost certainly share prices, and they've probably created enough separation to be ok there.

    Stocks still trending up with raised buy targets from many analysts.

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    Congrats to HHH, I guess. I hope he keeps himself off camera.

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    I hope this kickstarts the complete overhaul WWE has needed for a long time.

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    Whether this is good or not will be up to the people who are there.

    But anyone who thinks this doesn't have a huge effect have never listened to the interviews or podcasts with the numerous people who have talked about what it was like on the day of tapings with Vince in the building.

    when you have that big of a presence for that long as a business, there can't help but be changes.


    And not like Steph and Nick come across as passive individuals.

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    I wouldn't expect radical changes quickly. They have to present a level "everything is okay" vibe to shareholders and companies that are invested in their success. If Brock left on Friday, stayed AWOL, and they had to change their main event, that would have been terrible in terms of optics. That said, if he saw what happened and left...he could be a genius. He read the situation and found another circumstance where he could have had WWE over a barrel again.

    There's going to be changes but it's going to be subtle and gradual over time.

    I anticipate those changes are going to be wildly influential though to the overall growth and development to the product.

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    Quote Originally Posted by Mazer View Post
    Whether this is good or not will be up to the people who are there.

    But anyone who thinks this doesn't have a huge effect have never listened to the interviews or podcasts with the numerous people who have talked about what it was like on the day of tapings with Vince in the building.

    when you have that big of a presence for that long as a business, there can't help but be changes.


    And not like Steph and Nick come across as passive individuals.
    I mean it's not like Triple H and Stephanie have ever truly been praised in many of these interviews we've heard from talent and people behind the scenes.

    Nick Khan is a mystery. It'll be interesting to see how things operate. Me personally, I think Vince will still be calling the shots. He's still majority stockholder, he can do what needs to be done from his pool. If the idea is that the WWE lead by Vince have been catering to the stockholders for 20 years, why would this be any different especially with a straight up businessman like Khan?

    Quote Originally Posted by BGMaverick View Post
    I wouldn't expect radical changes quickly. They have to present a level "everything is okay" vibe to shareholders and companies that are invested in their success. If Brock left on Friday, stayed AWOL, and they had to change their main event, that would have been terrible in terms of optics. That said, if he saw what happened and left...he could be a genius. He read the situation and found another circumstance where he could have had WWE over a barrel again.

    There's going to be changes but it's going to be subtle and gradual over time.

    I anticipate those changes are going to be wildly influential though to the overall growth and development to the product.
    Brock doesn't need to wrestle. They throw shit tons of money at him to get him out of the woods and in to the ring.

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    Hopefully he’ll still have some involvement. I believe he keeps his shares.

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    I never understood why DX made fun of Owen Hart's nose, when Triple H's nose was probably 3 times bigger.

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    Quote Originally Posted by Dave Wyndorf View Post
    I never understood why DX made fun of Owen Hart's nose, when Triple H's nose was probably 3 times bigger.
    Deflection

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    I am curious if we'll see any actual change in direction with any current wrestlers/storylines. I'm also curious how long these wheels have been in motion to have Triple H run creative and who he will bring to the table. Not to mention-who will he future endeavor--in terms of people that are in creative? How much of the system is as much of Triple H as it is Vince and others? Triple H's influence goes back to the Klik days. Let's not forget the golden shovel lol.

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    This is how I'd assume things will go at future Raw and Smackdown shows:

    "Just stopping in pal, what's going on tonight?"

    "You wanna do WHAAAT?"

    "Give me that pen.."

    *Scribbles whole new Raw at 7:55 P.M.*

    "HaHaHa now that's good shit pal!!!"

  76. #76
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    That’s what makes me nervous, even though Trips has changed a lot this is the fist time he is head of creative. Is he on good terms with Cody?

    He’ll probably be good for the women’s divisions and probably bring back the women’s tag titles.

  77. #77
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    Quote Originally Posted by Nash Diesel View Post
    I mean it's not like Triple H and Stephanie have ever truly been praised in many of these interviews we've heard from talent and people behind the scenes.

    Nick Khan is a mystery. It'll be interesting to see how things operate. Me personally, I think Vince will still be calling the shots. He's still majority stockholder, he can do what needs to be done from his pool. If the idea is that the WWE lead by Vince have been catering to the stockholders for 20 years, why would this be any different especially with a straight up businessman like Khan?



    Brock doesn't need to wrestle. They throw shit tons of money at him to get him out of the woods and in to the ring.
    It's a fair point with any leader. The people who leave, and are the least satisfied, will typically be the most vocal. Hunter has certainly had his detractors. But he's had a fair amount through NXT, etc that have spoken very well of him. Of course, some people really like Vince. But I've never heard anyone describe Steph or HHH as passive.

    Nick has less desire for visibility. There is very little out there about him, but he has a great track record in his previous career. And he's making WWE money. It could be some hyperbole, his previous role he's had the authority to bring in his own people, make moves, etc.

    Vince still retains some power, but at 30% his main official power is with a large voting block with official company moves and board positions. Which he would still need to work in conjunction with others for control (most likely Steph, etc). He's not voting in Board of Director decisions right now, so still has to continue to influence through people worrying about losing seats, etc.

    The underrated factor there is Linda. They're still married, and none of us know how that stock distribution would pay out in a divorce, so there may be some limiting factors to how much he can do there as well. That's one that really nobody knows.

    Another thing is that Vince is not a hedge fund. primarily is his personal wealth is WWE stock, so it's not as it he's likely to make tactical choices to sell at a loss. I mean how much spite is your personal fortune worth? I guess you can never rule out a come back, at least until we see what all comes out. But it doesn't seem that it will go well if people find out that his retirement was a ruse.


    But he did get richer just by retiring.

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    I would like to see this affect John Laurinaitis' situation in some way.

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    Is there just a little bit of irony in the fact that in a heavily male dominated business, it's these type of situations that are almost a slamdunk in taking out people in wrestling?

    I'm almost of the frame of mind that if they really wanted to get rid of Hogan find some dirt on him inappropriately touching a woman or paying off Miss Elizabeth for why Savage blackened his eye at Mania 9 lol

  80. #80
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    Quote Originally Posted by WWXChairman View Post
    I would like to see this affect John Laurinaitis' situation in some way.
    Yeah he is a real fucking arsehole. Hopefully he is gone. Kevin Dunn isn't that popular either by most accounts, hopefully he goes too.

  81. #81
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    Quote Originally Posted by VHS View Post
    I hope this kickstarts the complete overhaul WWE has needed for a long time.
    I'm gonna dvr raw and SD going forward just in case anything happens that showcases a real change in how these shows are run. But I still don't have enough faith in this being the game changer we all want to actually sit and watch the fuckers. I'm gonna start paying attention in here though. If you guys see something of note I'll go back and watch it.

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    Thankfully, Kevin Dunn is here to stay.

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    Quote Originally Posted by Mazer View Post

    Another thing is that Vince is not a hedge fund. primarily is his personal wealth is WWE stock, so it's not as it he's likely to make tactical choices to sell at a loss. I mean how much spite is your personal fortune worth? I guess you can never rule out a come back, at least until we see what all comes out. But it doesn't seem that it will go well if people find out that his retirement was a ruse.


    But he did get richer just by retiring.
    I doubt he's going to find his way back at this point. The fact he bailed now he followed his mantra: he did what was best for business.

    Now the stuff about past financials being unrecorded isn't going to help his cause any. Maybe if the sexual misconduct stuff subsided, he might have had a chance but I doubt this stuff now is going to help him at all. It was probably going to get worse before it got better and now he's looking out for the publicly traded company. This isn't like the steroid trial where he really didn't have as much to lose and he could go out guns blazing.

    He might have gotten richer but he's been taken out of the game. I do wonder what he plans to do to really fill his time. It could be a case where his motivation for living has been taken away and the body just gives out on him. Like when an old married couple lives a full life, one passes on and the other just passes away shortly after.

  84. #84
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    Super wild times. Will be very curious to see how things develop over the coming months. Trips in charge of talent and creative is what a lot of folks were hoping for so it'll be interesting to see if it's as good as the expectation. The other behind the scenes shit will also be interesting to see unfold.

    Quote Originally Posted by WWXChairman View Post
    Thankfully, Kevin Dunn is here to stay.
    I was reading somewhere earlier today that he is gone now, too. Can't confirm if that's legit, though.

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    So, Vince retired without someone yelling "YOU'RE FIRED" in his face on live tv? That seems oddly disrespectful.

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    Quote Originally Posted by WWXChairman View Post
    Thankfully, Kevin Dunn is here to stay.
    Why thankfully? The guy is a dickhead by all accounts.

    Quote Originally Posted by Atty View Post
    So, Vince retired without someone yelling "YOU'RE FIRED" in his face on live tv? That seems oddly disrespectful.
    Its not a storyline, and not making secure harassment allegations into a storyline is probably the right call.

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    Definitely a good call. In fact, it's kinda telling that during last nights interaction with Reigns and Theory, that the 'Daddy' in question was a subtle reference to Vince without dropping his name. Aside from Stephanie's opening on Smackdown, Vince may very well be Benoit'd in that regard for the time being.

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    Quote Originally Posted by mth View Post
    I was reading somewhere earlier today that he is gone now, too. Can't confirm if that's legit, though.
    Looking into it a bit more it seems as though you're somewhat right. He isn't gone at the moment, but his future is certainly in jeopardy following the announcement.

  89. #89
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    Has anyone said that Triple H being in charge is a Game changer yet?

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    Wild to think that it looked like Triple H was on his way out a few months ago.

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    I wonder what these “big changes” are that USA is bragging about.

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    Quote Originally Posted by Tim View Post
    I wonder what these “big changes” are that USA is bragging about.
    I only saw a quote that said they saw this as an "exciting change".

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    If anything does change, it's going to be gradual, but I hope it's soon.

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    I imagine Dunn is out by the end of the year. If it were me as Hunter, I'd look to hire back whatever production staff he's lost over the last two years. I'd also probably look at Prichard and Heyman to be the next in command for creative and then give each of them one of the shows. Prichard wouldn't be my top choice but I don't know who is in their pipeline for that. Buck stops with Hunter and he comes up with big stories he wants to see through, but its on Heyman and Prichard to get them there. Regardless, Hunter leading creative and talent relations seems like too much on his plate. Having him oversee the creative and then having those two execute the plan in their own ways will help avoid redundancy in storylines from show to show (hopefully). Hunter is probably going to look to bring back some the females that have been let go in NXT over recent months (Dakota, Tegan, Franky, Candice), call Io up and really help develop the women's divisions and the tag picture.

    edit: I also think (and Fightful is confirming the suspicion) that a healthy amount of people who left or were let go over the last few years and have gone elsewhere would have second thoughts when their contract comes due, and they'd now consider going back with Hunter leading things.
    Last edited by BGMaverick; July 26th, 2022 at 4:37 PM.

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    Vince Russo, bro, thinks, bro, that Vince, bro, is still, bro, running things, bro.


    Perhaps Matt Riddle is Vince Russo's son?

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    It’s all a work broooooooo, what a swerve

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    He even thought Isiah Scott was a swerve.

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    I was definitely hoping he’d die completely in control, but it’ll be interesting to see what control he will still have moving forward.

  99. #99
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    I wish they’d bring back a toned down version of The Fiend but I doubt they want to pay what he’s asking for.

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    Quote Originally Posted by Tim View Post
    I wish they’d bring back a toned down version of The Fiend but I doubt they want to pay what he’s asking for.
    Not sure why they'd be opposed to it. He was generating revenue, reportedly. Vince didn't get along with him and he didn't get along with Vince, reportedly. Seems like a big part of the equation is resolved.

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