Greggulator Posted January 19, 2023 Share Posted January 19, 2023 A few things that pop out to me: 1) It seems likely that this was what the board referenced about non-public information. But who knows at this point. "A New York law recently opened a one-year window that allows victims of sex crimes to file lawsuits that would otherwise be barred by the statute of limitations. Ms. Chatterton’s attorney sought $11.75 million damages in a legal demand letter sent to Mr. McMahon’s attorney in November, weeks before the window opened." Basically, the state of New York passed a law that allows for one year that any adult who believes they were victimized in a sexual assault to file a lawsuit against the perpetrator no matter when it occurred. The start date for this one year time period isn't in effect for a few more weeks. This feels like to me that Vince wanted to settle this to make it go away before Rita could file a lawsuit and that could open up many cans of worms. In like 99% of American corporations, Vince would be long gone. He'd especially be gone after paying off someone who says they were raped. That would happen within minutes. It explains why a whole bunch of independent board members stepped down, too. Why ruin your reputation over something like this? Interesting board fact: The WWE pays its independent board members $200K a year to be on the board, plus bonuses for being part of different sub-committees or being the lead independent director. Board members also get compensated for the time they spent working on company affairs/travel costs/etc. Out of the original $200K, $90K gets paid in cash and the rest is in shares of the company. None of this is unusual. The general thinking why board members get shares of a company as part of the compensation is that it incentivizes them to a better job for all shareholders. It's also potentially pretty lucrative. Board members for companies like WWE all have high-ranking positions (or are possibly even the CEO) of other big companies. I forget exactly which ones. But it's all people who make a good amount of money already. The pay is nice, but it's not life-or-death money for your typical board member. 5 Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted January 19, 2023 Share Posted January 19, 2023 Shit, one day and hopefully soon, someone will settle out of court for millions with me cause they wanted to avoid the cost of litigation. 4 Link to comment Share on other sites More sharing options...
John from Cincinnati Posted January 20, 2023 Author Share Posted January 20, 2023 20 hours ago, Dog said: I'm honestly shocked that Nick basically said, "If you thought Vince wasn't coming back, you're a dummy." All but admitted he just bowed out to temporarily take the heat off himself, while saying not that many people actually care about the horrible shit Vince has done. Talk about saying the quiet part loud. And in phrasing this, was basically like "he goes away for five months, comes back, the audience loves that" like it's someone returning at the Rumble or something. Bananas. 1 Link to comment Share on other sites More sharing options...
_MJ_ Posted January 20, 2023 Share Posted January 20, 2023 21 hours ago, John from Cincinnati said: The deal follows a $7.5 million settlement Mr. McMahon reached in 2018 with a former wrestler who alleged that he coerced her into giving him oral sex, as well as a 2022 agreement in which he agreed to pay $3 million to a former WWE employee with whom he allegedly had an affair, the Journal previously reported citing people familiar with those agreements. Mr. McMahon has declined to publicly address the settlements. WWE has declined to discuss the allegations against Mr. McMahon. Paragraph worth of settlements. And only the ones we know about. WWE can't comment on character issues. Remember. Link to comment Share on other sites More sharing options...
supremebve Posted January 20, 2023 Share Posted January 20, 2023 2 hours ago, _MJ_ said: Paragraph worth of settlements. And only the ones we know about. WWE can't comment on character issues. Remember. Mandy Rose has to be looking at this shit wondering how she got fired. 2 Link to comment Share on other sites More sharing options...
Craig H Posted January 20, 2023 Share Posted January 20, 2023 1 minute ago, supremebve said: Mandy Rose has to be looking at this shit wondering how she got fired. Easy. She's not a man. 1 Link to comment Share on other sites More sharing options...
supremebve Posted January 20, 2023 Share Posted January 20, 2023 5 minutes ago, Craig H said: Easy. She's not a man. A woman wants to have control over how her sexuality is used? She has to go. If we want to exploit her sexuality, we'll put her in our hall of fame and/or pay her millions of dollars. 5 Link to comment Share on other sites More sharing options...
_MJ_ Posted January 20, 2023 Share Posted January 20, 2023 2 hours ago, supremebve said: Mandy Rose has to be looking at this shit wondering how she got fired. The next time they get rid of a performer due to character issues or whatever puts them in a bad light, I can't wait to see PR jargon if they actually comment on the release. Especially if it's in the, " World Wrestling Entertainment employees/individuals to high standards" tone. See: the statement they released after they fired Hogan in 2015. Parody. Link to comment Share on other sites More sharing options...
Dolphman 3000 Posted February 4, 2023 Share Posted February 4, 2023 2 Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted February 8, 2023 Share Posted February 8, 2023 Based on the news with Disney today, I think we can safely rule out Disney buying WWE. 2 Link to comment Share on other sites More sharing options...
nofuture Posted February 17, 2023 Share Posted February 17, 2023 1 Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted February 17, 2023 Share Posted February 17, 2023 Quote Regarding potential buyers, Shaw noted on Twitter that "sources have expressed skepticism that many traditional media companies will buy the WWE." He would continue to say that Endeavor Group Holdings Inc. and The Saudi Arabia Public Investment Fund were both "definitely" interested parties. I think at $5-$7 billion (which is right around WWE's valuation), buying WWE was out of reach for any of the major media conglomerates. $9 billion is a non starter. I think the "skepticism" part is an understatement. Link to comment Share on other sites More sharing options...
For Great Justice Posted February 17, 2023 Share Posted February 17, 2023 Especially in this market where M&A has basically been dead for 9 months, I don’t see anyone paying a 40% premium for WWE. I could be wrong but I doubt it. Look at the Pac 12’s current media rights issue as an example. People aren’t shelling out stupid money for sports (entertainment) right now. Link to comment Share on other sites More sharing options...
Dolphman 3000 Posted February 17, 2023 Share Posted February 17, 2023 5 Link to comment Share on other sites More sharing options...
odessasteps Posted February 17, 2023 Share Posted February 17, 2023 It's an interesting contrast to some of the big EPL being fir sale,following the Chlesea sale last year. Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted February 17, 2023 Share Posted February 17, 2023 My ill advised, uninformed theory: 1) They (or he, pronouns pal...Vince) have (or has) no real interest in selling. OR 2) He only wants the investment fund to bid against themselves cause that is essentially what's happening. Endeavor is only worth $10 billion IIRC and they needed some help to buy UFC for 4 billion. How in the hell would they buy WWE at 9 billion without a ton of help? Link to comment Share on other sites More sharing options...
zendragon Posted February 17, 2023 Share Posted February 17, 2023 maybe he gone full senile and its 9 million dollars 1 Link to comment Share on other sites More sharing options...
NoFistsJustFlips Posted February 18, 2023 Share Posted February 18, 2023 3 hours ago, Elsalvajeloco said: My ill advised, uninformed theory: 1) They (or he, pronouns pal...Vince) have (or has) no real interest in selling. OR 2) He only wants the investment fund to bid against themselves cause that is essentially what's happening. Endeavor is only worth $10 billion IIRC and they needed some help to buy UFC for 4 billion. How in the hell would they buy WWE at 9 billion without a ton of help? Bingo. He has two scenarios he's okay with. Pricing it out of the market (on purpose) so no one will buy it and he keeps inching closer to regaining all the power he had before. Or Saudi buys it and gives him all that power he had before. Either scenario gives him what he wants. But floating the 9 billion number also pumps up the stock and makes everyone excited about what he's wanting, without understanding the underlying reasons for that number. He's a ruthless and savvy businessman, I'll give him that. 1 Link to comment Share on other sites More sharing options...
Dog Posted February 18, 2023 Share Posted February 18, 2023 A couple weeks ago Brandon Thurston said WWE's market cap is around $6.5 billion, and any buyer is expected to offer a certain higher value for each share of stock. So $9 billion actually sounds like a fair price. Whether he can get it or not is another story. Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted February 18, 2023 Share Posted February 18, 2023 1 hour ago, NoFistsJustFlips said: Bingo. He has two scenarios he's okay with. Pricing it out of the market (on purpose) so no one will buy it and he keeps inching closer to regaining all the power he had before. Or Saudi buys it and gives him all that power he had before. Either scenario gives him what he wants. But floating the 9 billion number also pumps up the stock and makes everyone excited about what he's wanting, without understanding the underlying reasons for that number. He's a ruthless and savvy businessman, I'll give him that. First part, yes. Second part...I dunno if it's savvy to show your hand at this point when the summer is still 4 or 5 months away. Add in the fact, that Disney is clearly out of the running and I doubt they were in it to begin with. NBCUniversal, which has to most to gain, appears to be out on it. There wasn't a big name stateside that looked to have any interest and it's been up for sale for months now. There has been nothing percolating that make anyone be excited. They need a new development that doesn't make it seem like Vince is halfway desperate to unload it or find suitors. Link to comment Share on other sites More sharing options...
zendragon Posted February 18, 2023 Share Posted February 18, 2023 the streaming bubble seems to be bursting, no matter how much content you have there are still only hours in the day and you can't watch everything Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted February 18, 2023 Share Posted February 18, 2023 1 hour ago, zendragon said: the streaming bubble seems to be bursting, no matter how much content you have there are still only hours in the day and you can't watch everything More importantly, everyone is waiting for that whole U.S. economy thing to burst. Everyone (including the media conglomerates) is gearing up for a tough year. I mean I work for one of if not one of the two or three logistic companies in North America and we were told explicitly multiple times at the beginning of the year we're expecting a tough one and need all hands on deck. I dunno why you want to price everyone out immediately when at this point you want make it seem like a bunch of people are interested. You get people bidding and THEN you raise the price. I wonder if they went too hard in the paint on the kill the Saudi purchase rumor and wrestling media is bad angle that no one is going to report anything but what Bloomberg, WSJ, etc. are putting out which has been mostly from WWE as a direct source. That's good in one area, but bad for galvanizing interest in who could be buying this. It's been a whole bunch of nothing since then. 1 Link to comment Share on other sites More sharing options...
dragonzombie Posted February 19, 2023 Share Posted February 19, 2023 https://www.wrestlinginc.com/1204226/triple-h-on-wwe-sale-i-stay-out-of-it/ 1 Link to comment Share on other sites More sharing options...
Zakk_Sabbath Posted February 19, 2023 Share Posted February 19, 2023 12 hours ago, Red King said: https://www.wrestlinginc.com/1204226/triple-h-on-wwe-sale-i-stay-out-of-it/ Depending on how one reads it, this is either 'I stay out of it' like he stayed out of Montreal or countless pushes from 2001-2005, or a legitimate, exasperated plea to stop asking; either possiblity remains equally hilarious. 1 Link to comment Share on other sites More sharing options...
Elsalvajeloco Posted February 19, 2023 Share Posted February 19, 2023 1 hour ago, Zakk_Sabbath said: Depending on how one reads it, this is either 'I stay out of it' like he stayed out of Montreal or countless pushes from 2001-2005, or a legitimate, exasperated plea to stop asking; either possiblity remains equally hilarious. I definitely think it's more closer to the latter. The sale wasn't his idea to begin with, and I doubt he's fully behind it. It would be like asking the offensive coordinator or defensive coordinator of an NFL franchise if he is involved with the impending sale of a franchise. It's kinda screwed up cause there is no guarantee (1) you will have a job or (2) even best case that you will be in the same role you're currently in. That and what would he say that isn't speaking out of turn? He's better off just saying, "I am the creative guy and that's outside my purview." 1 Link to comment Share on other sites More sharing options...
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