Majority owner, CEO, and Chairman of WWE (World Wrestling Entertainment) Vince McMahon announced this morning that WWE, Inc. has been sold in full to American business magnate and entrepreneur Donald Trump for an undisclosed amount.
“It is a bittersweet moment for the entire McMahon family, but we have secured a comfortable life for many generations to come for our family,” McMahon told the Associated Press early this morning. “Mr. Trump gave us an offer we simply could not refuse about a month ago, we met with the minority owners and the rest of the family, and everyone unanimously agreed we should take the offer. The logistics were worked out by our very competent legal team, and as of today, Mr. Trump has taken full control of the WWE.”
The announcement is sure to come as a shock to wrestling fans around the globe as the McMahon family has been the cornerstone of the booming wrestling entertainment business from the 1980’s through today. “Mr. Trump had asked me to stay on as chief consultant, I have considered the offer, but after selling the family franchise I do not think it is appropriate for me to operate it, or contribute to operating the WWE, while it is no longer under our ownership. I simply thanked Mr. Trump for the offer and declined. It is the McMahon way – we are all-in or we are not in at all,” McMahon said.
Ownership of the WWE is now listed as The Trump Organization, operating out of the Trump Tower in Manhattan, New York. Trump said in a telephone interview with WABC reporter Jim Shwartz that his son Donald, Jr. and his daughter Ivanka would be the ‘masterminds’ behind the newly purchased entertainment business.
“It was Donald Jr. who really pushed for the deal and after hearing his argument, which was that it was a big business that I didn’t already have my name attached to, it is something I had to get behind. The responsibilities of Chairman and CEO will be mine, Donald Jr. will take on the role of President, and Ivanka will be named Vice President and Ambassador of promotions and marketing. We are very excited to take on control of the WWE, and we will no doubt improve how things are operated. It is a win/win for the fans and a very exciting venture is ahead of us.” Trump told Shwartz.
When asked if fans would find any noticeable changes as the reigns of the WWE are handed over to the Trumps, he made it clear that the impact would be noticed immediately, as he planned on changing nearly every aspect of the company.
“Well first of all, we are going to do away with the ‘soap opera’ aspect of the business. It will become more realistic, making it so that it will eventually be recognized as a legitimate sport, not a joke. Sure there will be plenty of drama, but it will be real. There will be no feuding between wrestlers on camera then going off, having a cold beer together off camera. If that means losing the current stars, who are mostly actors anyway, that is the way it is going to be. I have been a lifelong wrestling fan, and I am even in the WWE Hall of Fame, but that doesn’t mean that changes won’t be made. We gave Mr. McMahon the opportunity to stay on board and he turned his nose up to us, but that is ok, because we will show him how he should have been running his former business. That’s what Trumps do, they take over and make everything better,” said Trump.
“We wish to thank all the fans who made everything possible for decades. From The Gobbledy Gooker to Hulkamania to the time I tore both of my quad muscles sliding into the ring, it’s been a wild ride with the WWE. I’ll never forget it,” said McMahon, tearfully. “Actually, come to think of it, I’ll just keep renewing my subscription to the WWE Network and watch it all over again. Hot damn, that Network was a good idea.”