WWE majority owner Vince McMahon is plans to return to pursue the sale of the business, by Lauren Thomas of The Wall Street Journal. The news comes just over five months after he retired in July amid an investigation into allegations of sexual misconduct. In his absence, his daughter, Stephanie McMahon served as co-CEO of the company along with Nick Khan while his son-in-law Paul Levesque (Triple H) took over the creative direction.
The Wall Street Journal announced the news last June that the WWE Board of Directors was investigating McMahon over a secret $3 million settlement he paid to an employee he allegedly had an affair with. Amid this news, he stepped down as chairman and CEO of the company, but retained a majority stake while continuing to lead the creative direction. The WSJ Later reported in July that the controversial wrestling promoter had paid four women $12 million in “silent” money to remain silent about their affairs and misconduct. Just two weeks after this report, McMahon took to Twitter where he officially announced his retirement.
In December, the WSJ would report that the McMahon was face even more legal challenges of two women who alleged sexual abuse by the disgraced landlord. Despite this, reports began to surface that McMahon was plan a returnfor he operated on the belief that the scandal would have exploded if he had remained in charge.