Things looked as though they were pretty rosy for Vince McMahon heading towards the second half of 2014.
Not only was Wrestlemania XXX a huge success in terms of the hype and publicity it attracted, but the company had successfully managed to negotiate a sharp increase in the television rights fees to be paid to them. The CM Punk debacle aside, McMahon must have been a happy man.
Of course one weekend of mayhem and now the WWE is on a slippery slope to disaster, and certain investors are reportedly calling for McMahon’s head. That’s right, so shocked are Lemelson Capital Management - who advocated short selling WWE stock two months ago - with the massive fall in stock, that they have called upon the organisation’s Board of Directors to either replace the executive management team or consider selling the company altogether.
It’s hardly helpful news for McMahon, who has already seen his status as a billionaire fall by the wayside virtually overnight, as well as having faced strong criticism for opting to get rid of The Undertaker’s WrestleMania streak at this year’s event.
WWE fans, should he stay, or should he go?