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Who Owns WWE?

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World Wrestling Entertainment, commonly known as WWE, stands as a titan in the world of professional wrestling and entertainment.

Its journey from a regional promotion to a global powerhouse is a testament to its adaptability, vision, and the leadership of the McMahon family. But who exactly owns this colossal entity today?

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WWE: The Evolution of Ownership

WWE’s roots trace back to the 1950s with the Capitol Wrestling Corporation (CWC). Initially, there was some ambiguity regarding the founder of CWC. While some sources attribute its inception to Jess McMahon, others believe it was Vincent J. McMahon, the father of the more widely recognized Vince McMahon.

The CWC underwent several transformations, including a rebranding as the World Wide Wrestling Federation (WWWF) in 1963. By 1979, it adopted the name World Wrestling Federation (WWF). The name would stick until 2002, when a legal dispute with the World Wildlife Fund led to another rebranding, this time as World Wrestling Entertainment.

For decades, the McMahon family, particularly Vince McMahon, held a significant stake in the company. Vince’s aggressive expansion strategies in the 1980s fundamentally altered the landscape of professional wrestling. He aimed to make WWF the premier wrestling promotion globally, a vision he largely achieved.

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The Modern Ownership Structure

Fast forward to 2023, and the ownership dynamics of WWE underwent a significant shift. Prior to September 2023, Vince McMahon was the company’s majority owner, holding a commanding 38.6% of the company’s stock and a whopping 81.1% of the voting power. However, events in 2023 would change the course of WWE’s ownership.

Amidst an employee misconduct scandal, Vince McMahon stepped down as chairman and CEO, although he later returned as executive chairman.

In April 2023, WWE entered into a merger agreement with Endeavor Group Holdings. This merger would see WWE and the mixed martial arts promotion, Ultimate Fighting Championship (UFC), come under the umbrella of a new public company named TKO Group Holdings.

This new entity would be majority-owned by Endeavor, with Vince McMahon serving as its executive chairman and Nick Khan as president. The merger was finalised on September 12, 2023.

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The Global Reach of WWE

Today, WWE is the largest wrestling promotion in the world. It boasts a diverse roster divided into primary touring groups, such as Raw and SmackDown and a developmental roster known as NXT.

WWE’s content reaches over a billion homes worldwide and is available in 30 languages. The company’s global headquarters is based in Stamford, Connecticut, with additional offices in major cities like New York, Los Angeles, and Mumbai.

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FAQ

  • Who founded WWE?
    • WWE’s origins trace back to the Capitol Wrestling Corporation, founded either by Jess McMahon or Vincent J. McMahon in the 1950s.
  • What was WWE’s original name?
    • It was originally known as the Capitol Wrestling Corporation (CWC).
  • When did WWE merge with Endeavor Group Holdings?
    • The merger was completed on September 12, 2023.
  • Who is the current executive chairman of WWE?
    • Vince McMahon serves as the executive chairman of the merged entity, TKO Group Holdings.
  • How many languages is WWE content available in?
    • WWE content is available in over 30 languages.
Jake Skudder
Written by
Jake Skudder
Jake is an SEO-minded Combat Sports, Gaming and Pro Wrestling writer and successful Editor in Chief. He has more than ten years of experience covering mixed martial arts, pro wrestling and gaming across a number of publications, starting at SEScoops in 2012 under the name Jake Jeremy.