WWE filed a Form 8-K with the Securities and Exchange Commission yesterday to ensure more liquidity while the business suffers from the global pandemic. Vince McMahon, however, retained his voting power in the process.
Mr. McMahon will sell the promised shared by March 2024 but he is receiving the finances at present. It is to be noted this is also a tactical way to avoid turning over the stock and paying taxes on the sale at the same time.
According to Yahoo Finance, WWE has confirmed that McMahon intends to retain his current position as Chairman and CEO of WWE.
“Mr. McMahon has informed us that he intends to continue in his capacity as the company’s Chairman and Chief Executive Officer for the foreseeable future.”
Meanwhile, The Revival could be officially on their way out of WWE. The Road to WrestleMania hasn’t given Scott Dawson and Dash Wilder the platform they needed to punch their ticket to the grand event, and as always, the incredibly talented duo has been buried by the creative yet again.
Since last October, The Revival has been on their worst WWE run so far; surely, Dawson and Wilder have been buried before but this time WWE took it a step further by turning them into “comedic” characters and pushing them down the ladder.
Dawson recently sent out a cryptic tweet, thereby causing a huge stir in the WWE Universe. The multi-time tag team champion has stated that although he isn’t rich, he’s at least free.
Over the last couple of months, The Revival have repeatedly turned down various lucrative offers from WWE and it’s very likely for them to quit the company once their current contracts expire in summer. A potential move to AEW seems like the most probable option for The Top Guys as soon as they become free agents.