Stephanie McMahon Resigns As WWE Co-CEO Ahead Of Possible Saudi Arabia Sale!

Stephanie McMahon Resigns As WWE Co-CEO Ahead Of Possible Saudi Arabia Sale! Stephanie McMahon Resigns As WWE Co-CEO Ahead Of Possible Saudi Arabia Sale!

Shortly after Vince McMahon revealed his intention to return to WWE, his daughter, Stephanie, has announced that she'll be stepping down as co-CEO of the company...

By MarkCassidy - Jan 10, 2023 07:01 PM EST
Filed Under: WWE

Vince McMahon announced his intention to return to the company's board of directors ahead of a potential sale last week, and the controversial mogul's imminent comeback has already had major ramifications for the promotion.

Vince's daughter. Stephanie McMahon, has now announced that she'll be stepping down as co-CEO of WWE, leaving Nick Khan as the sole CEO of the company.

“With Nick’s leadership and Paul ‘Triple H’ Levesque as chief content officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders,” she wrote.

“I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan. I will always remain dedicated to WWE,” she added. “I truly love our company, our employees, our superstars, and our fans. And I am grateful to all of our partners.”

You can check out Stephanie's statement in full below.

Though nothing has been made official just yet, several well-placed sources are reporting that WWE has been sold to Saudi Arabia’s Public Investment Fund. If true, the company is expected to go back to being private, which would allow Vince to go back to being head of creative.

Folks, it looks like there might be dark days ahead for WWE fans.

The Bloodline Causes Chaos On RAW As Cody Rhodes Suffers A Shocking Pinfall Loss
Related:

The Bloodline Causes Chaos On RAW As Cody Rhodes Suffers A Shocking Pinfall Loss

Former WWE Superstar Mandy Rose Reveals Staggering Sum One Fan Has Sent Her On Adult Subscription Website
Recommended For You:

Former WWE Superstar Mandy Rose Reveals Staggering Sum One Fan Has Sent Her On Adult Subscription Website

DISCLAIMER: TheRingReport.com is protected under the DMCA (Digital Millenium Copyright Act) and... [MORE]

TheRingReport.com, and/or the user who contributed this post, may earn commissions or revenue through clicks or purchases made through any third-party links contained within the content above.

1stDalek - 1/10/2023, 11:14 PM
It was good while it lasted, a good half year of Stephanie and HHH showing us how good the show could be. If SA is in charge, I expect the female roster to be put in back seat again. Sami Zayn is for sure fired. lol
CorndogThief - 1/11/2023, 10:03 AM
@1stDalek - This is......not good news. Not at all.

I half expect a mass exodus of fans.
1stDalek - 1/11/2023, 9:09 PM
@CorndogThief - It's a worst possible outcome of a sale. I expect them to lose some talent over these too, not just fans. Could even affect them hiring newer talent too
marvel72 - 1/15/2023, 7:01 AM
It's not official,yet. Disney and its rumoured that the owner of AEW Tony Khan are interested in buying WWE.
View Recorder