WWE: Monday Marks The End of an Era for Vince McMahon
161WWE: Monday Marks The End of an Era for Vince McMahon. Vince McMahon will no longer have independent majority control over WWE beginning this week. With Endeavor's merger of WWE and The UFC set to be finalized on Tuesday, Monday marks the end of an era for both the WWE and Vince McMahon. Ever since he purchased the company from his father in 1982, McMahon has held independent majority control over the pro wrestling promotion. Even when he "retired" last year in the midst of various sexual misconduct scandals, he still held an overwhelming majority of voting power on WWE's Board of Directors thanks to his Class-B stock ownership. That power was how he was able to be reinstated as executive chairman back in January.
And while McMahon will still be executive chairman of WWE once the merger is complete, he'll now have a boss to answer to in Endeavor CEO Ari Emanuel. Quite the historic #WWERaw tonight; the final TV broadcast with Vince McMahon as WWE owner. Tomorrow, it's owned by TKO, a company merged with UFC and part of the Endeavor group. McMahon will no longer have full control, instead he’ll own 16% of TKO & the same % of votes. The end of an era that’s lasted over 40 years. What will this new chapter bring?!
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