PWInsider is reporting WWE held an “all hands on deck” meeting on Friday in regards to Vince McMahon returning to the company’s Board of Directors.
It was said that the meeting was held only for employees and not the talents. Nick Khan and Stephanie McMahon lead the meeting.
Highlights from the meeting are below, courtesy of PWInsider.
-It was officially announced Vince McMahon was back on the Board of Directors.
-It was reiterated there would be no changes to management or their responsibilities at this time. Paul Levesque, Stephanie McMahon, Nick Khan, Frank Riddick III will remain in place in their current positions and rolls in WWE.
-It was also pushed Vince returning is a big positive and made to give WWE everything needed to make the most of their future rights revenue sales, as well as exploring the current market for a potential sale of the company. They also said the idea with back, the entire company would all be on the same page in maximizing WWE’s potential leading into the future.
-The idea is WWE would be looking at potential sale offers ahead of any rights negotiations, in case that would be a greater benefit to the company rather than another round of only selling TV rights. However, it was also greatly emphasized that a sale may not happen and it should not be assumed it would. The final say in all of this would be Vince’s as the controlling shareholder.
-It was also mentioned that a “possible avenue” for WWE could be for it to be taken private again if it was “the best outcome for shareholders.” This was only brought up among potential strategic options, not that it was something they WILL be doing.
-It was described to as very much a rah rah meeting to try and raise the spirits of the troops.
-No questions from employees were taken.