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Post by corndog on Jul 25, 2022 16:02:31 GMT -5
Interesting that Vince retiring and news of HHH taking over creative made the stock price jump. Guess the company wasn't as dependent on Vince staying around as they wanted us to believe. I honestly put most of that on Nick Khan. Dude is all about the bottom line. Speaking of which, Meltzer and Zarian both said they spoke to businesses who made a couple comments. 1)Co-CEOs never work in business, and if it came down to choosing one, Nick Khan would ultimately win that battle 2)Even if he's retired, unless Vince sells his stock he is still the one in control of WWE. 3)Expect a lot of power grabs The 2nd part is what I am wondering about. Vince is "stepping down", but he is still the majority stock holder. How is that going to work? I can't imagine they could afford to buy him out, it would cost a fortune. I suppose he would be like the old "silent partner" and still show up for financial meetings. I feel like he will become the old man who just sits at the meetings and laughs at everyone fighting, sarcastically saying they have good ideas.
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Post by A Platypus Rave is Correct on Jul 25, 2022 16:14:02 GMT -5
Blast I just realized my go to prediction for the year was finally false.
Curse you Vince!
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Post by Zombie Mod on Jul 25, 2022 16:17:57 GMT -5
Blast I just realized my go to prediction for the year was finally false. Curse you Vince! can this be counted as extended budget cutter? if yes then it's claimed the ultimate McMahon scalp. or as wwe being sold (handed.) to another McMahon?
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asuka007
Fry's dog Seymour
Posts: 23,711
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Post by asuka007 on Jul 25, 2022 16:19:32 GMT -5
The stock prices should make any notion that “ WWE cannot succeed without Vince” look even more foolish now.
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Post by Feargus McReddit on Jul 25, 2022 16:26:21 GMT -5
So from what I'm seeing from people in the know, the stock price going up is on the notion that the company might be sold soon rather than anything to do with Steph and HHH being in leadership positions.
And they call us marks.
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Post by xCompackx on Jul 25, 2022 16:44:16 GMT -5
I've seen the "they might be selling soon" argument, and it's a completely fair one, but I still don't know who would touch WWE. Just about any company I could think of either wouldn't want it or if they did, wouldn't give a shit to do live weekly touring.
I dunno, maybe Elon Musk would buy it?
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Post by ANuclearError on Jul 25, 2022 16:45:17 GMT -5
So from what I'm seeing from people in the know, the stock price going up is on the notion that the company might be sold soon rather than anything to do with Steph and HHH being in leadership positions. And they call us marks. This is a system that caused CD Projekt Red to be perceived as more valuable than Ubisoft pretty much purely on the hype of Cyberpunk. I'm not surprised.
I had heard their upcoming Q2 projections are actually looking good for them, which is probably also a big contributor. I've no idea if TV viewers or ticket sales are looking good, I'd expect they'd still be riding a post-pandemic boon in that regard, especially as the Cardiff show looks to have sold well already.
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Post by mistery on Jul 25, 2022 17:06:52 GMT -5
So from what I'm seeing from people in the know, the stock price going up is on the notion that the company might be sold soon rather than anything to do with Steph and HHH being in leadership positions. And they call us marks. Yeah no. The guy that people are quoting posted that "WWE is going to sell" on a financial site that literally anyone can post on, with no background checks or anything. It's basically r/wallstreetbets except even dumber. The stock went up because WWE mentioned in their press release today that they massively exceeded their financial expectations for this quarter. And also skillfully managed to get Vince out of power without causing much (if any) damage to the WWE itself.
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Post by thegatewaydrug on Jul 25, 2022 17:11:59 GMT -5
We'll know it reaches peak 'bad' when Stephanie and Nick basically have to denounce Vince and say they had no idea what he was up to and that they are providing new leadership and instructing a private external agency to vet their accounts. Basically, when WWE decides to throw Vince under the bus so that the company can survive the scandal. I'm ready for "Stephanie Levesque" to kick off Raw is War tonight!
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Post by MrElijah on Jul 25, 2022 17:14:01 GMT -5
Vince, you dumb TV announcer, your daddy brings ya in, puts you over and what you do? Ya dumb yourself outta position!
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Post by mistery on Jul 25, 2022 17:15:42 GMT -5
Explains why Vince left so quickly and abruptly. The SEC and Federal Prosecutors were digging up dirt on him.
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Post by xCompackx on Jul 25, 2022 17:17:13 GMT -5
Huh, turns out the "nobody cares, it's wrestling" excuse doesn't work with the SEC and federal government.
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Post by Rudy Gobert Weather Machine on Jul 25, 2022 17:22:28 GMT -5
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Post by EoE: Well There's Your Problem on Jul 25, 2022 17:25:26 GMT -5
WWE once the SEC and the Feds got involved:
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kidkamikaze10
Dennis Stamp
Trying to think of a new avatar
Posts: 4,338
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Post by kidkamikaze10 on Jul 25, 2022 17:29:03 GMT -5
Explains why Vince left so quickly and abruptly. The SEC and Federal Prosecutors were digging up dirt on him. Oh, he cooked cooked.
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Post by Rudy Gobert Weather Machine on Jul 25, 2022 17:31:29 GMT -5
Vince's prison acting club is gonna be so f***ing sweet. Dude's gonna save Hank The Child Killer's life by letting him be his Axiom.
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Perd
Patti Mayonnaise
Leslie needs to butt out for fear of receiving The Bunghole Buster
Posts: 32,426
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Post by Perd on Jul 25, 2022 17:33:31 GMT -5
The SEC and Federal prosecutors. And you thought Vince's hatred of tag teams couldn’t get any worse.
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Post by Rudy Gobert Weather Machine on Jul 25, 2022 17:58:57 GMT -5
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Post by Lizuka #BLM on Jul 25, 2022 18:07:29 GMT -5
Foreshadowing.
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Post by Final Countdown Jones on Jul 25, 2022 18:07:32 GMT -5
This istuation is already so weird, but we're talking about Vince McMahon here, so I fully expect things will find a way to get even f***ing weirder.
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