A recent report has unveiled a significant shift in Vince McMahon’s authority within WWE in the wake of the UFC merger.
Endeavor, the parent company of UFC, has formally announced its acquisition of a 51% stake in WWE, marking a momentous development in the world of sports entertainment. This acquisition grants Endeavor majority ownership of WWE, while the remaining shares will be retained by WWE’s existing shareholders.
This historic agreement, finalized on Monday, April 3rd, places a staggering $9.3 billion valuation on the entirety of the organization, reaffirming the dominance of both companies in their respective fields.
Furthermore, the announcement solidifies Vince McMahon’s role as the Executive Chairman of the Board for WWE and the newly formed entity. However, due to the merger with UFC, McMahon’s majority voting control within his company has undergone a notable transformation.
As per Wrestlenomics’ report, subsequent to the WWE-UFC merger, Vince McMahon will no longer possess majority voting authority over WWE or any other enterprises within the newly established organization. The report specifies that his ownership will comprise 18.4% of all shares once the merger concludes.
