“Vince McMahon’s Membership Could Expose Us to Negative Publicity”: TKO Group Unhappy With Vince McMahon, Might Get Fired or Removed Soon

A lot has changed in WWE in the past couple of weeks. After Endeavor acquired the wrestling promotion completely, it made a number of alterations. For example, Vince McMahon, who was once the CEO of WWE, is now the Executive Chairman of the combined sports entertainment company that is TKO. Even though he enjoys great power in the $21.4 billion company, he is not immune to criticism.

New reports suggest that the staff at TKO is already fed up with McMahon’s style of administration. In fact, the board is considering him a threat to the company. Could this be his exit from the sports entertainment industry?

Vince McMahon pointed out in TKO’s regulatory report

Now that both UFC and WWE have combined under Endeavor’s big umbrella to form a much bigger company, there are greater profits to look up to. However, for the same reasons, the risks are also higher. It appears that the board would rather feel comfortable facing these risks without having to run them through McMahon. According to TKO’s very own regulatory reports, the company doesn’t trust the 78-year-old bigwig.

The TKO regulatory statement reported, “Vince McMahon’s membership on our Board could expose us to negative publicity and/or have other adverse financial and operational impacts on our business. His membership also may result in additional scrutiny or otherwise exacerbate the other risks described herein. Any of these outcomes could directly or indirectly have adverse financial and operational impacts on our business.”

It appears that the board that filed this report doesn’t trust McMahon’s style of administration. Even the former CEO’s ex-employees claim him to be a risk taker. But it looks like his new team isn’t confident about TKO’s future if McMahon continues his original style.

It should be noted that the man they highlighted in the report is currently the Executive Chairman of TKO. Additionally, McMahon also has $3 billion worth of the company’s shares. However, while the bigwig has a lot of power in the company, his opinion in the eyes of his employees continues to wane. Especially after the recent slew of firings at the promotion.

WWE goes into a frenzy; fires numerous stars

Yesterday shocked several WWE fans as reports started coming in from every direction about a number of talents getting released. The list included some names that we would not usually expect to get laid off from the company. Among the personalities, Dolph Ziggler was also included.

READ MORE:- Bad News Coming From Wall Street for TKO After WWE Bags the $1.4 Billion Deal

The list also included Elias, Top Dolla, Riddick Moss, Shelton Benjamin, and even more. While people would usually expect the remaining roster to be relieved for still being a part of the promotion, reports suggest otherwise. Apparently, there’s a negative sentiment in the locker room about the mass release. Everything combined shows us that the merger, which was being considered a ‘genius’ move, is already having troubles.

Where do you think this road will lead TKO?

WATCH THIS STORY:- John Cena Pays Tribute To Dwayne The Rock Johnson’s Deceased Father Rocky Johnson