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Vince McMahon’s departure from WWE and its parent company, TKO Group Holdings, has garnered mixed reactions backstage.
Some within the company are expressing relief and happiness over his exit, with a sense that McMahon is facing the consequences of his actions. This move comes on the heels of a civil lawsuit filed against McMahon and former WWE employee John Laurinitis by Janel Grant, a former WWE employee. The lawsuit alleges physical and emotional abuse, sexual assault, and trafficking within WWE, including an alleged attempt to use Grant as leverage to secure a new deal with Brock Lesnar.
Reports from PWInsider Elite suggest that there was anticipation within the company for further fallout from the lawsuit, especially after Slim Jim suspended its significant sponsorship with WWE due to the allegations. McMahon’s resignation happened quicker than anticipated, and there are speculations that Endeavor, the parent company of TKO, may clean house and remove individuals closely associated with McMahon. Employees who left WWE when McMahon initially stepped down and returned when he regained control could be at risk if Endeavor opts for a fresh start. Sources within the company suggest that anyone with ties to McMahon might be viewed negatively moving forward.
This development coincides with Dwayne “The Rock” Johnson’s recent appointment to TKO’s Board of Directors, sparking rumors that he could become the new face of WWE. Some employees are hopeful for the return of Stephanie McMahon, though her previous departure occurred before WWE’s merger with UFC and Endeavor’s takeover.
In response to the allegations, McMahon has vehemently denied them in a statement to Wrestling Inc., calling the lawsuit a collection of falsehoods, fabricated incidents, and a deliberate distortion of the truth. He has pledged to vigorously defend himself against these allegations.
Vince McMahon’s departure from WWE and TKO Group Holdings has certainly sent shockwaves through the wrestling industry. With a significant lawsuit and the suspension of sponsorships, it’s clear that there are major implications for both WWE and McMahon himself. How do you think this will impact the future of WWE and its leadership? Leave us a comment below.
January 26, 2024 10:04 pm
