CNBC Reporter: Vince Leaving May Cause WWE Stock Problems
Darren Rovell, a sports business reporter for CNBC, noted on his Twitter account that last night’s angle on RAW in which Vince McMahon was relieved of his duties of WWE chief and replaced by his son-in-law, Triple H, may cause issues with WWE stock. WWE’s stock is currently down about 30% from last year.
“The No. 1 material risk against WWE stock is Vince McMahon leaving the business,” Rovell wrote. “Tonight’s plot could be an SEC violation.”
As far as we’ve heard, this is just a storyline. However, former WWE star Sean ‘X-Pac’ Waltman claims Triple H’s company takeover is the real deal.