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On Saturday afternoon, Dave Meltzer made an appearance on CNN to discuss Vince McMahon’s retirement from WWE.
Meltzer was a guest on Saturday’s edition of CNN Newsroom with Jim Acosta. He addressed McMahon’s history and what he will mean for WWE going forward.
When asked if he thinks McMahon will continue to call the shots from behind the scenes, Meltzer noted that McMahon is still the majority shareholder in WWE. Meltzer said it will be interesting to see if McMahon remains on the WWE Board of Directors. Meltzer said he thinks McMahon will still have some influence, but this is the start of a new era for WWE in some ways.
Meltzer said that while McMahon’s retirement is a shock, it’s not that much of a shock given everything that has come out in the Wall Street Journal’s reporting on the McMahon scandal.
One of the biggest announcements in pro wrestling history was made on Friday when McMahon announced his retirement from WWE. The retirement comes after it was revealed last month that the WWE Board of Directors was investigating alleged misconduct by McMahon.
The WSJ discovered last month that McMahon had agreed to pay a total of more than $12 million to four women over the past 16 years to “suppress allegations of sexual misconduct and infidelity.” The four women were all previously affiliated with WWE.
Stephanie McMahon and Nick Khan are the new co-CEOs of WWE.