Weeks After Potential Vince McMahon Firing News, TKO CEO Points to WWE’s Former Head as Reason for Stock Price Plummeting

Weeks ago, WWE merged with UFC to form TKO, operating as one big company under Endeavor. This appeared to be a genius decision for both WWE and Endeavor. However, despite how things look on the surface, the details are not coming out to be that positive. Reports following the $21.4 billion merger suggested that something about the deal put the stock market in worry.

According to Ari Emanuel, the CEO of Endeavor, Vince McMahon is one reason why TKO’s stocks have dropped in such a sudden manner.

How is Vince McMahon a reason for TKO’s stock market disruption?

TKO started off with a big promise to its stockholders. However, so far, things haven’t gone as the stockholders had expected. Firstly, the speculation was surrounding an increment in Monday Night’s Raw’s rights fee. However, SmackDown’s 40% increase could’ve balanced it out. Moreover, the CEO of Endeavor also considers “The P.F.L. situation” to be a contributing factor. But lastly, he also mentioned McMahon’s name during the Bloomberg Screentime Conference.

Emanuel brought up his last point by saying, “Probably Vince (McMahon) in our deal, wanted to be able to put, at any point in time, his stock. He’s 78 years old. He’s been working at this for decades and decades so, I think those three back-to-back issues.”

According to him, a probable reason for the stock disruptions with TKO is that people expected McMahon to choose to ‘put’ whatever stocks he holds in the multi-billion dollar company.

Though Emanuel isn’t blaming McMahon for any of the changes happening to the company, TKO’s board believes otherwise. Even before these reports were discussed, they had already filed about how McMahon could prove to be a problem for the sports entertainment company.

TKO isn’t enjoying Vince McMahon’s presence

Vince McMahon is known for being a risk-taker his entire life. So, when he moved on to the position of Executive Chairman in TKO, the new team wasn’t comfortable with his working style. As a result, they planned to report McMahon’s problematic management style to Endeavor heads.

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

In a regulation report, the board stated how McMahon could prove risky for TKO if he continued to stay in power for important decisions. Although it looked like McMahon could be close to getting fired after this report came out, it still hasn’t happened. However, if he continues to prove to be a hindrance to the company’s profits, Endeavor might take a step to remove McMahon from the post he is sitting at.

What are your thoughts about the problem TKO is currently facing and its connection to Vince McMahon?

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