It seems like the WWE and UFC merger has got the rumor mill spinning faster than a Stone Cold Stunner. Vince McMahon, the former wrestling star, recently denied that misconduct allegations against him had anything to do with the WWE and UFC merger that happened on Monday.
In an interview with CNBC, he stated that settling a lawsuit with a former referee who accused him of rape in 1986 did not influence the merger. McMahon claimed to be constantly looking out for the best interests of the company and the stockholders.
He went on to say that a family firm must evolve for the right reasons and that this merger was the best move for the company.
Vince McMahon Denies Misconduct Allegations Amidst WWE-UFC Merger: The Controversy Continues
McMahon throughout his illustrious 50-year career in the ring. He may have been embroiled in several unsavory and scandalous ring-side events, but he’s not one to tap out without a fight.
He maintained that he had admitted to all of them and moved on. McMahon looks to have won this round, with the merger being the finest thing that has occurred to the company in a long time. According to the Wall Street Journal, McMahon resolved his claim against Rita Chatterton in January. Chatterton, a former referee, said that he assaulted her and requested the WWE management for $11.75 million.
However, the two parties agreed to a multimillion-dollar settlement that was less than the sum asked. But the plot thickens as McMahon denies the allegations, it’s clear that there’s some dirt in the ring.
McMahon’s Scandals: A UFC-Style Steel Cage Match of Controversy
McMahon was investigated in 2022 after the WWE board received an email suggesting that he bribed a female paralegal $3 million to keep her from disclosing their alleged sexual relationship or making unfavorable remarks about him. WSJ was the one who first reported the news. Talk about a steel cage match of scandals.
WWE’s board is investigating a secret $3 million settlement that longtime CEO Vince McMahon reached with a former employee with whom he allegedly had an affair, according to documents and people familiar https://t.co/FXdiFlpfiq
— The Wall Street Journal (@WSJ) June 15, 2022
Despite these allegations, McMahon continued to be the controlling shareholder of WWE and returned as an executive chairman in January. He stated that his return would allow WWE to engage in media rights negotiations and review strategic alternatives with the support of the controlling shareholder.
To sum it up, despite McMahon’s past misconduct allegations, he denies they played any role in the WWE and UFC merger. He claims that he always looks out for the company’s best interests and admits to making mistakes but owning up to them and moving on.
