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The WWE introduced its investigation into former CEO Vince McMahon has concluded, costing the corporate $19.4 million. Regardless of that, the WWE additionally reported $304+ million web earnings within the third quarter, with main earnings stemming from an “improve in each home and worldwide media rights charges” for his or her main tv applications, Monday’s Uncooked and Friday’s Smackdown. These rights accounted for over 75% of the income.
Vince McMahon had been investigated for sexual misconduct, during which he additionally apparently paid $12 million over the course of 16 years. This summer time, Vince McMahon, who’s now 77, retired as WWE chairman and CEO, permitting his daughter, Stephanie McMahon to take his place.
In an announcement on the time, McMahon stated, “As I method 77 years previous, I really feel it’s time for me to retire as Chairman and CEO of WWE. I want to thank my household for mightily contributing to our success, and I might additionally prefer to thank all of our previous and current Superstars and workers for his or her dedication and keenness for our model. Most significantly, I want to thank our followers for permitting us into your houses each week and being your selection of leisure.”
The Vince McMahon scandal isn’t the one controversy at present surrounding the WWE. The wrestling big’s Crown Jewel pay-per-view occasion, scheduled for November fifth, has come below scrutiny for not being canceled as a result of a possible assault from Iran in Saudi Arabia. Die-hard wrestling followers might have a much bigger situation with the primary occasion being Roman Reigns vs. Logan Paul…The WWE established a relationship with Saudi Arabia in 2014 which has confronted numerous different criticisms, together with Saudi Arabia’s girls’s rights.
What do you suppose? Ought to the Crown Jewel occasion go on regardless of threats from Iran? Tell us if the present should go on or if the WWE ought to take additional precautions with their superstars.
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