There are rumors in the wrestling industry that Vince McMahon, the former CEO of WWE, might start a new wrestling company.
McMahon resigned from WWE and TKO after being sued by former WWE employee Janel Grant for sexual assault and sex trafficking.
The 78-year-old billionaire has been selling off his stock in TKO and recently registered his remaining shares for sale.
While McMahon seems to be done with WWE, the Wrestling Observer Newsletter is reporting that some “major players” in the industry believe that there is a real possibility he might launch his own wrestling company when he is legally able to do so.
However, no concrete information suggests that McMahon has made any plans to start such a company just yet.
From a legal standpoint, McMahon has a one-year non-compete clause with WWE that ends in January 2025.
Moreover, the majority of people in the industry do not believe McMahon will launch a new promotion.
The report also highlights several factors that might work against McMahon if he launches a new wrestling company. These include his reputation following the lawsuit, the failure of his last startup (the XFL), an inability to secure television deals and sponsors, the scarcity of talent who aren’t under contract, and his age.
However, McMahon has a fortune that he can use to outbid for talent, and it’s speculated that he may get exposure on a streaming platform to run a company at the level of TNA or the NWA.
Some sources believe McMahon might start a new company because wrestling has been a significant part of his life, and he might not want to let it go.
It is also believed that McMahon could outbid on contracts, which could be formidable for his competitors.
One source argued that even though WWE is currently managed by his son-in-law Paul “Triple H” Levesque, McMahon was the one who got The Bloodline going and convinced Cody Rhodes to leave AEW for WWE, allowing Rhodes to become WWE’s top babyface.
Nevertheless, no concrete information suggests that McMahon is starting a new company, but again, some “major players” in the industry believe he might do so in the future.
Rumors are swirling in the wrestling industry that Vince McMahon, the former CEO of WWE, may be considering starting a new wrestling company. McMahon recently resigned from WWE and TKO after being sued by former WWE employee Janel Grant for sexual assault and sex trafficking. As a result, he has been selling off his stock in TKO and has registered his remaining shares for sale.
While McMahon appears to be done with WWE, the Wrestling Observer Newsletter has reported that some “major players” in the industry believe there is a real possibility he might launch his own wrestling company when he is legally able to do so. However, it is important to note that there is no concrete information suggesting that McMahon has made any plans to start such a company just yet.
From a legal standpoint, McMahon has a one-year non-compete clause with WWE that is set to end in January 2025. This means that he would not be able to launch a new wrestling company until after that date. Additionally, the majority of people in the industry do not believe McMahon will actually go ahead and start a new promotion.
The report also highlights several factors that might work against McMahon if he were to launch a new wrestling company. These include his damaged reputation following the lawsuit, the failure of his last startup, the XFL, an inability to secure television deals and sponsors, the scarcity of talent who aren’t already under contract, and his age.
However, it is worth noting that McMahon does have a significant fortune that he could use to outbid for talent. Additionally, there is speculation that he may be able to secure exposure on a streaming platform to run a company at the level of TNA or the NWA.
Some sources believe that McMahon might be inclined to start a new company because wrestling has been such a significant part of his life, and he may not want to let it go. Furthermore, it is believed that McMahon’s ability to outbid on contracts could pose a formidable challenge for his competitors.
One source even argued that despite WWE currently being managed by his son-in-law Paul “Triple H” Levesque, McMahon was the one who got The Bloodline going and convinced Cody Rhodes to leave AEW for WWE, ultimately allowing Rhodes to become WWE’s top babyface.
However, it is important to reiterate that there is no concrete information suggesting that McMahon is actively starting a new company at this time. The rumors are based on speculation and the opinions of industry insiders. Only time will tell if McMahon will indeed make a return to the wrestling industry and launch a new promotion.