WWE has revealed that they are concerned following the retirement of former Chairman and Head of Creative Vince McMahon in the past few weeks.
In a recent financial statement, the company revealed that they are worried that McMahon leaving will “adversely affect” the company’s ability to create new stars.
“The resignation of Vincent K. McMahon could adversely affect our ability to create popular characters and creative storylines or could otherwise adversely affect our operating results” the company claimed.
WWE on Vince McMahon Leaving
“Furthermore, in the wake of Mr. McMahon’s departure, our creative effort will be led by Paul Levesque, the Company’s Executive Vice President, Talent Relations and Creative and Ms. McMahon’s husband, who has decades of experience in our Company and has been an important player in all aspects of our creative process, including television, talent and live events” the company added.
“Although Mr. Levesque has extensive practical experience with many of our revenue streams and, with Ms. McMahon, has been critically involved in our business transformation over the past several years as well as our continuing brand development, these collective changes at the top of our organization are extensive and recent, and it is, therefore, possible that the loss of services of Mr. McMahon could have a material adverse effect on our ability to create popular characters and creative storylines or could otherwise adversely affect our operations and/or financial performance” WWE concluded.
