CNN reports that four days after Vince McMahon was elected as WWE board executive chairman, .
His daughter, Stephanie McMahon,
resigned as WWE chairwoman and co-CEO.
Stephanie issued a statement after stepping down.
I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world.., Stephanie McMahon, via statement.
... and I am confident WWE is in the perfect position to continue to provide unparalleled creative content and drive maximum value for shareholders, Stephanie McMahon, via statement.
Vince, who was previously under investigation for alleged sexual misconduct with employees, also issued a statement.
I’d like to express my full support for Stephanie’s personal decision, Vince McMahon, via statement.
I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE, Vince McMahon, via statement.
Dwayne Johnson Gains Ownership Rights , to 25 Names and Catchphrases.
Johnson received intellectual property rights to a slew of names and phrases after joining TKO Group Holdings' board of directors, 'Variety' reports. .
It was previously announced that
the deal gave Johnson rights to his
famous wrestling name, “The Rock,”.
but in a Feb. 27 SEC filing, TKO revealed
more intellectual property that the
WWE has surrendered to Johnson. .
According to 'Variety,' the full list includes:.
“The Rock,” “Rocky Maivia,” “Team Corporate,” “Rock Nation,” “The Nation,” “Roody Poo,” “Candy Ass,” “Jabroni,” .
“If you smell what The Rock is cooking,” “The Samoan Sensation,” “The Blue Chipper,” “The Brahma Bull,” “The People’s Champion,” “The Great One,” .
“Know Your Role and Shut Your Mouth,”
“Team Bring It,” “The Rock Just Bring It,”
“The People’s Elbow,” “Rock Bottom,”
“Finally, The Rock has come back to…,” .
“It doesn’t matter what…,” “Blue Hell,”
“The millions… (and millions),” “Rockpocalypse,” “Project Rock” and “The most electrifying
man in sports and entertainment.”.
According to the SEC filing, Johnson will receive $30 million in TKO stock through 2025.
He was also given WWE royalty
payments of $491,000 in 2023...
... and “will continue to receive such annual royalties from WWE and will be entitled to receive royalties in connection with the sale of licensed products”...
... “that utilize the Assigned IP and his name,
likeness and other intellectual property rights
in accordance with the Services Agreement.”
Credit: Wibbitz Top Stories Duration: 01:30Published
The reports of WWE being sold to Saudi Arabia emerged soon after McMahon's daughter Stephanie McMahon... Cricket Country - Published Also reported by •Zee News
Vince McMahon returned to WWE and the rumors began to fly immediately, especially after his daughter Stephanie stepped down from her position. Sports Illustrated host Robin Lundberg talked to Dave..
Nearly seven months after taking over as co-CEO of WWE following the retirement of her father, Vince McMahon, Stephanie McMahon announce her resignation from the role on Tuesday.