A fresh 10-Okay SEC filing by WWE entails an editorial about what the corporate would carry out if WWE Chairman and CEO Vince McMahon would with out word retire, suffer a incapacity or loss of life, or other unexpected termination for any reason.
The filing reads admire this:
“As correctly as to serving as Chairman of our Board of Directors and Chief Govt Officer, Mr. McMahon leads the inventive crew that develops the storylines and the characters for our programming (alongside with our tv, WWE Community and other programming) and are living events. Now and again, Mr. McMahon has additionally been a vital member of our solid of performers. The lack of Mr. McMahon as a result of unexpected retirement, incapacity, loss of life or other unexpected termination for any reason would possibly presumably presumably secure a self-discipline topic detrimental enact on our ability to originate licensed characters and inventive storylines or would possibly presumably presumably otherwise adversely secure an influence on our working outcomes. Mr. McMahon has established Alpha Leisure LLC, to explore investment opportunities all over the sports actions leisure landscapes, and Alpha Leisure LLC plans to originate a talented football league in early 2020 . While he has offered the Firm assurances that his point of curiosity on WWE is most definitely now no longer diverted by these efforts, one of these diversion or idea of such diversion would possibly presumably presumably adversely secure an influence on our working outcomes and would possibly presumably presumably secure a self-discipline topic detrimental enact on our stock label.”
Vince has assured the corporate that he’ll remained point of curiosity on his WWE duties after his XFL football league re-launches in early 2020, as is acknowledged in the filing. WWE acknowledges that Vince’s point of curiosity shifting from WWE to XFL would possibly presumably presumably secure a harmful influence on the stock label and their working outcomes.