The latest WWE news has Mick Foley opining that in order to keep the WWE stock price from dropping further, perhaps Vince McMahon, Triple H, and Stephanie McMahon should hide their faces for a little while.
In a related report by The Inquisitr, when the WWE Network stock crashed hard, Vince McMahon’s net worth evaporated and he went from being a billionaire to a millionaire. Now it is being claimed that investors are looking into whether the WWE inflated their claims about the NBC deal. Because the price for the WWE stock is so low, one investment firm snapped up a bunch of shares and is now demanding that the WWE executive management team be replaced.
Mick Foley went to his Facebook page to explain his rationale for why their public appearances may be hurting the WWE Network:
“I swear, I’m not posting this right after ‘WWE Monday Night Raw’ to be a smart aleck, a troublemaker or to create drama. But, could it be — following the precipitous tumble of WWE stock, that having real-life WWE chief operating officer, Paul Levesque, and chief brand officer, Stephanie McMahon, performing simultaneous duties on air is simply not best for business?”
For those of you who are not WWE fans, Paul Levesque is more commonly known by his stage name Triple H. The reason Foley is making this suggestion is because these people not only perform as The Authority while in the ring but they also represent and run the WWE Network when it comes to the real business side of professional wrestling.
Besides the NBC deal being less than half of what was originally expected, Foley believes that people are having difficulty distinguishing between the act and the actors:
“There has to be something more. Probably a lot of little things. Might one of those things be the blurred line between the real-life McMahon-Levesques and the characters. I vividly recall Vince McMahon looking at me like I was legitimately insane in 2007 when I told him I didn’t think the WWE Universe [fans]… made the distinction between Vince McMahon, the face of WWE, and ‘Mr. McMahon,’ who, at the time, as a TV personality, has presumably been blown to smithereens in a televised exploding limousine incident. I’m not sure that everyone ‘gets’ that Paul Levesque and Stephanie McMahon are definitely seasoned and intelligent business people who simultaneously portray horrible bosses as on-air authority figures.”
As a real example of how WWE fans have come to dislike these people, during a recent Monday Night RAW Stephanie was talking about taking away the WWE Championship belt from Daniel Bryan and giving it to her husband. In response, fans drowned out her tirade with repeated chants of CM Punk. The funny part is that when RAW was broadcast this section was edited so the fans did not sound nearly as loud.
Do you agree with Mick Foley that investors may be confusing the stage personalities of Vince McMahon, Triple H, and Stephanie McMahon with their business?