The story of Vince McMahon has been trending since WSJ exclusively broke the news about McMahon’s alleged involvement in paying $3 million to settle an illicit affair with a former female employee.
WWE board members had been constantly investigating Vince McMahon, working hard to pry any evidence they could from internal documents against the Chairman.
Brandon Thurston of Wrestlenomics have reported that more than 2.1 million WWE shares were exchanged yesterday, which is about 1.5 million more than the average exchange rate of the daily schedule. This all happened just before the Wall Street Journal published the scandal and after the markets closed. Thurston also noted that a section of the Code of Conduct is worth reading. You can check out his tweets on this below –
One of the possible reasons for this increased stock swap that Thurston pointed out is the increased price target that Morgan Stanley raised for WWE yesterday, which may have contributed to it.
Over time, more details about the scandal will come to light that will clarify the whole situation much more than what is currently at hand. Well, it doesn’t look like this storyline hasn’t wreaked any havoc on Vince McMahon and John Laurinitis, as both are reportedly scheduled themselves for the forthcoming taping of Friday Night Smackdown via David melter on his Newsletter for wrestling watchers.
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Vince McMahon is said to be the biggest threat to losing his powers in WWE after this scandal
After WSJ broke the story, various media outlets began reporting on the potential fallout Vince McMahon may face as a result of the ongoing investigation by WWE board members.
FightfulSelect exclusively reported that Vince McMahon is in serious danger of losing his powers in WWE, even the most vulnerable in the past three decades after this steroid process, the report added.
Vince McMahon has been actively involved in WWE programming for much of 2022, from appearing in various backstage segments with current United States Champion Theory to a match against Pat McAfee at this year’s Wrestlemania, which he won at the shocking age of 76 years denied .
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https://firstsportz.com/wwe-news-shares-sold-before-vince-mcmahon-scandal/ WWE reportedly sold more than 2 million of their shares just prior to Vince McMahon’s alleged silence » FirstSportz