January 16, 2023 Observer Newsletter: Vince McMahon back as WWE Chairman, Stephanie McMahon resigns

One of the craziest weeks in WWE history finished with Vince McMahon back as Chairman of the Board by a unanimous vote of a Board of Directors that saw six of the previous members either leave or be replaced during the week.

It also included Stephanie McMahon departing the company just days after she had assured everyone at an employee meeting that the management team of herself, Nick Khan, Paul Levesque, and Frank Riddick would remain intact running the company

Based on those within WWE who have talked with us and other key reporters, Khan is the man running the company in his role as sole CEO. He is right now making all the final decisions. Vince McMahon as Chairman is in an official capacity, only working on selling the company, and they are targeting doing it by the summer, although there is no guarantee it will be sold. Vince McMahon’s role would also include being part of the negotiations and making the final decision on the next media rights deals, which would be up at the end of September 2024.

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