Updated at 7.40 pm ET with transcript details obtained by Wrestlenomics.
Details of Friday afternoon’s “all-hands” meeting in the wake of Vince McMahon’s return to the WWE Board have emerged.
According to multiple sources, including PWInsider, Fightful and Brandon Thurston of Wrestlenomics, the meeting lasted less than 10 minutes, with no questions being taken.
Wrestlenomics has obtained a transcript of the meeting, with selected quotations tweeted by Brandon Thurston.
Nick Khan on today's all employees meeting: "In terms of the day-to-day of the company, nothing is changing. Steph is in her role, I’m in my role, Frank’s in his role, Paul is in his role, Kevin Dunn is in his role."https://t.co/hyGHkSjNu0 https://t.co/qZqrrHdtga
— Brandon Thurston (@BrandonThurston) January 7, 2023
Frank Riddick: "When we say “strategic initiatives”, “strategic alternatives” for the company — could include a broad range of potential transactions, everything from a combination with another company…" (cont'd)https://t.co/hyGHkSjNu0
— Brandon Thurston (@BrandonThurston) January 7, 2023
Stephanie: "So again thank you to all of you. This is an exciting time. It shouldn’t be a scary time. It’s an exciting time for WWE. Our founder is back on the board and is going to help lead this process."https://t.co/hyGHkSjNu0
— Brandon Thurston (@BrandonThurston) January 7, 2023
Initially set for 3.30 pm ET, the meeting, which was held over video conferencing, started at around 3.45 pm.
The official announcement of Vince McMahon’s return was made, and employees were told that there were no plans for any change in the roles and duties of Stephanie McMahon, Nick Khan, Paul Levesque, or Frank Riddick.
Day-to-day business would remain as is, staff were told.
McMahon’s return was presented as a positive in the pursuit of future options, including TV rights negotiations or a potential sale, because the controlling stockholder and the board would present a united front.
Reportedly, it was emphasized that a sale was not inevitable, but offers could be fielded ahead of TV rights talks to explore if it emerged as a more lucrative option. It was further reported that the possibility of taking the company private was mentioned.
Talent were not represented at the meeting.
