Vince McMahon made his return to WWE this past January and was voted back on the Board of Directors as the Executive Chairman.
In a recent SEC filing made last Friday, it was revealed that Vince McMahon staying on with WWE was part of the merger deal with Endeavor.
The SEC document shows that Endeavor had originally proposed a deal that would have seen WWE shareholders owning 43% of the new merged company. It was shown those terms were set out in an offer Endeavor had made back on February 7.
Below are the main highlights from the SEC filing as it relates to Vince McMahon and talks with Endeavor.
-At the second of two meetings between Ari Emmanuel and Mark Shapiro of Endeavor, an improved offer was made to Vince McMahon and Nick Khan of WWE. The offer, which was made on March 23, 2023 had the terms that would see WWE shareholders own 49% with Endeavor owning the other 51% of the new merged company.
-On March 24, 2023 Endeavor’s legal advisors, Latham, presented additional documentation which included making Vince McMahon Executive Chairman of WWE until death, resignation or incapacity, as a condition of offering the improved deal to WWE. It also noted that Vince McMahon was offered the power to pick 5 of 11 Board seats and have certain veto rights.