WWE without founder Vince McMahon is hard to imagine, but his daughter Stephanie says that when the time comes for the 75-year-old chairman to retire, the company will take a group approach to management.
‘I do not think there will ever be a person-to-person replacement for Vince McMahon. He does too much. The landscape would look different, but it’s shaking out, ” Stephanie McMahon, who has been an executive artist and business leader for WWE for more than 20 years and currently serves as the promotion’s trademark officer, on Saturday’s podcast Bloomberg Business of Sports ” said. .
Fans generally believe that Stephanie will take control with her husband and wrestling legend Paul “Triple H” Levesque, who has been at the helm of WWE’s popular development brand NXT for the past few years. But McMahon thinks because no one can replace her father and everything he does will keep the company supervised by several people.
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‘I think a lot of the institutional knowledge is important, especially with regard to the core content. But it also surrounds our business with strong, smart managers, ”said McMahon. “And that’s exactly what we have. So I think it’s the marriage of institutional knowledge, the incredible production value, the creation of talent IP and storylines and really strong business leaders to help us expand. I think it’s a combination of things. ”
McMahon praises her father for the great success of the WWE and says: ‘It’s really remarkable when you think about our history and what Vince has accomplished. Think about what he did. He took a regional business and had the vision to set up an organization, nationally and eventually globally. My father saw the opportunity for syndication; he saw the opportunity to advertise. Eventually he saw the opportunity to really create something that never rose to the level of popularity.
Like the rest of the sports world, WWE saw TV ratings drop during the COVID-19 pandemic, with only 1.84 million viewers tuning in to last week’s episode of “Monday Night Raw.” But the company has set up lucrative broadcast and streaming deals with Fox and NBCUniversal, including one that moves the company’s WWE Network streaming service and all of its live PPV opportunities to NBC’s streaming service, Peacock. These include Sunday’s “Fastlane” event and WWE’s annual show, WrestleMania, to be held on April 10 in Tampa.
Read the original story of WWE’s Stephanie McMahon: There’s no immediate sequel to Vince McMahon stepping down from TheWrap