WWE has been a family business since its inception. Vincent K. McMahon took control of what was first Vincent J. McMahon’s Capitol Wrestling Corporation in 1982 and bought the company from his father in an effort to streamline professional wrestling into his World Wrestling Federation. As the WWF reached tremendous heights during the Attitude Era of the 1990s, Vince’s son Shane and daughter Stephanie landed on-screen roles that eventually grew into backstage titles. Shane worked as a referee and producer before becoming WWE Executive Vice President of Global Media, while Stephanie served as an account executive and head writer prior to her promotion to WWE Chief Brand Officer.
While Shane’s WWE tenure is in the back view, Stephanie was once again promoted in the summer of 2022 and took over as WWE Chairman and Co-CEO following Vince’s retirement. Those positions were only supposed to last for six months, as Vince returned to the WWE board of directors earlier this month and Stephanie has since resigned.
There is no explicit reason for Stephanie’s resignation, but a report from the Wrestling Observer Newsletter indicated friction between herself and her father. Stephanie and Vince reportedly had “problems working together as family members”, with WWE CEO Nick Khan using himself as a “buffer” that helped sort out the issues between the two. It was added that Khan also helped ease tensions between Vince and WWE Chief Content Officer Paul “Triple H” Levesque.
At the time of writing, Vince has resumed his position as Chairman of the Board of Directors, while Khan has assumed all CEO responsibilities. Levesque’s spot hasn’t changed as he remains the creative lead for both Monday Night Raw and WWE SmackDown.
That said, things can change depending on a sale. Vince’s return comes with the motive of selling WWE to a parent company, with industry giants such as Amazon, Disney and Comcast emerging as potential suitors. Saudi Arabia’s public investment fund is also among the interested parties, but there is no confirmation that the country is buying WWE. While moral questions have been raised regarding a possible deal between Saudi Arabia and WWE, as WWE superstars Sami Zayn and MVP are not allowed to perform within Saudi Arabia’s borders due to their origins and beliefs, Saudi Arabia is one of the few potential buyers who could make WWE private again. If WWE is taken private, Vince will have a clearer path to return to creative power.
Keep an eye on ComicBook.com for updates on Vince’s return to WWE.