Vince McMahon is back from his medical hiatus after undergoing back surgery, and he was in attendance for the opening bell ceremony at the New York Stock Exchange with the executives of UFC, WWE, Endeavor, and the newly established TKO Group Holdings, which will serve as the newly merged entity of UFC and WWE under Endeavor Group.
On today’s edition of Wrestling Observer Radio, Dave Meltzer revealed McMahon’s new role under TKO Group Holdings.
McMahon will be “running the wrestling company” of the newly merged entity as the Executive Chairman of TKO. The 78-year-old billionaire will also serve as the group’s Chairman of the Board of Directors.
Additionally, McMahon will be either second-in-command to TKO CEO Ari Emanuel or tied for second-in-command with Mark Shapiro, who will serve as President and Chief Operating Officer of TKO.
Moreover, since Emanuel isn’t quite as knowledgeable about wrestling, he would defer to McMahon in those matters. Thus, it appears that McMahon is still in charge when it comes to WWE.
Meanwhile, Endeavor and TKO’s Emanuel, Shapiro, and WWE President Nick Khan will be handling the TV rights negotiations for WWE for their new broadcast deals.
