WWE News: Vince McMahon ‘Out For Blood’ After Failures, Could Fire Executive Team


Vince McMahon is reportedly planning some big changes for the WWE after a disastrous stretch for the organization that included a failed television contract and a stock price tumble.

Late last week, McMahon was making news when he lost $350 million of his net worth in a single day when the WWE stock dropped 40 percent. The report came on the heels of a renewal of the WWE’s television deal with NBCUniversal that generated much less money than originally anticipated.

The WWE has also been criticized for a roll0out of the WWE Network that many deemed ill-advised. The streaming service came with a $9.99 per month price tag, which Aaron Taube of Business Insider noted was too high:

This logic is extremely flawed. While it’s nice that 52 million households have “affinity” for the WWE, the fact is that only about 5 million people watch the company’s flagship cable show, Monday Night Raw, each week. It stands to reason that people who aren’t watching the company’s free offerings would be unlikely to pay $9.99 monthly for premium content.

The situation and the steady stream of bad news has Vince McMahon furious, Wrestling Observer Newsletter noted:

“One person with a long association with [Vince McMahon] noted to us that the actual losing of the stock money isn’t going to bother him, but that all of the stories in so many of the major business publications and mainstream media that talked about $350 million in losses over one day, and that he’s no longer a billionaire, would drive him crazy.”

Now Vince McMahon appears to be out for blood, insiders say. The WWE’s chairman and CEO is reportedly looking to make big changes within the upper stratus of the organization. PWInsider.com’s Mike Johnson reported that McMahon is ready to “walk into the executive ranks with a sword and off with their heads.”

Johnson noted:

“There are people who have been executives for a number of years and have gotten high level salaries and bonuses who have to be shaking in their boots wondering what is going to happen to me because now I’ve led WWE down this path and Vince McMahon is not a happy man, and as we all know, when Vince is not happy, things are going to happen very quickly.”

But many analysts and industry experts believe Vince McMahon deserves much of the blame for the stretch of bad WWE news. The same brash style that played well in the ring as a wrestling personality also led McMahon to make many statements he could not back, leading to an investigation over whether he misled investors.

Share this article: WWE News: Vince McMahon ‘Out For Blood’ After Failures, Could Fire Executive Team
More from Inquisitr