Eric Bischoff is the new Executive Director of WWE SmackDown Live but it’s gonna be a while before WWE puts him in the driver’s seat.
Bischoff’s return to WWE was made official last week and while there have been mixed reactions, it appears that everyone is happy with the news backstage.
On Oh, You Didn’t Know podcast, Brad Shepard revealed that Bischoff’s signing has garnered an overall “wait and see” feeling since everything depends on how much influence Vince McMahon will allow Eric to have in WWE.
“Internally everyone was shocked at the Bischoff signing. They’re happy for him, but believe the key will be as I’ve talked about how much Vince is going to lean back and allow Eric and of course, Paul on Raw as well to control the show. Eric has already been described to me as a sponge and inventive.”
We previously reported that Eric is relocating to Stamford, Connecticut for his new WWE job, considering the same to be his “biggest opportunity” in the pro wrestling business that he’s ever had.
Per John Pollock of Post Wrestling, the latest edition of SmackDown Live did have Bischoff in the building but the 64-year-old pro wrestling persona isn’t slated to run The Blue Show until after the Extreme Rules pay-per-view.
In fact, Vince and Ryan Ward carried out Tuesday’s show despite Eric being around – quite similar to how Monday Night RAW was run despite Paul Heyman stepping up as the new Executive Director of the flagship show.
Brad Shepard also confirmed Pollock’s report stating that the former WCW mastermind is currently observing how things run on a weekly basis.
On Wrestling Observer Radio, Dave Meltzer noted that WWE re-signed Eric to prevent further losses in business.
In around three months, WWE has lost around $30 per stock unit and the steep fall has been an alarming situation on the whole. To restore the faith of investors and prevent any further crash in their share prices, McMahon may have decided to bring a huge name like Eric back in WWE.