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Category: WWE

Vince McMahon Got Sued Today…Twice

If you’re an average human with no legal trouble to speak of, you are doing a heck of a lot better than Vince McMahon at the moment. Reports came out this morning about a lawsuit coming from a former writer at WWE, Britney Abrahams, alleging she was discriminated and retaliated against for objecting to “offensively racist and stereotypical jargon” used in scripts written for Black wrestlers like Bianca Belair and Apollo Crews.

examples used in the filing are:

• Belair being scripted to say “Uh-Uh! Don’t make me take off my earrings and beat your ass!“ The suit claims Belair also objected to line on three different occasions, but Kevin Dunn repeatedly put it back in her scripts.

• Crews being told to speak with a “stereotypical and exaggerated Nigerian accent”.

• Another writer allegedly proposing (in a Slack channel that included Vince and Stephanie McMahon) that a Muslim wrestler be revealed as hiding that he was “behind the 9/11 attacks.” Court documents specify the wrestler in question was Mansoor.

• A suggestion in that same Slack that a Black male wrestler appear in drag that Abrahams says was only scrapped after a White writer objected, saying it would “perpetuate harmful stereotypes that would offend viewers”.

• A pitch for Shane Thorne’s “crocodile hunter” character to hunt Reggie “for fun” that included discussions of holding the Black wrestler captive in a cage.

Cagesideseats.com by way of Bloomberg Law

You can read the filing here, It does include many of the higher ups in the company including a now departed, Stephanie McMahon as well.

The second one isn’t a lawsuit…yet. The law firm Julie & Holleman LLP is investigating the proposed merger between Endeavor Group Holdings, Inc. and World Wrestling Entertainment, Inc., whereby the two entertainment giants will combine to form a new public company. That law firm represents Silver Lake, The private equity firm that controls 70 percent of Endeavor.

The Blog I did the day before the announcement stated that WWE shareholders would control 49 percent while Endeavor would control 51 percent.

From the Press Release about the investigation:

Julie & Holleman is investigating potential legal claims regarding the fairness of the merger terms and potential conflicts of interest. Among other things, Silver Lake may have interests that diverge from other shareholders’ interests, and it could be using its controlling stake to extract unfair benefits. Julie & Holleman is also concerned that the proposed merger might have driven the sale of its IMG business to another private equity firm.

The IMG Business is IMG Academy

Could this be a cash problem for which the sale helps out with? What else do you think could go wrong for Vince McMahon? For More Daily Sports News & Gambling Follow Us On: TwitterTik TokInstagram & Youtube.

Reports: UFC Parent Company, Endeavor Finalizing Deal To Buy WWE.

Wrestling fans have been dreading or fantasizing about this story forever…and it’s as close as Monday to being finalized.

David Farber pitched endeavor 5 days ago.

That’s right the parent company of the UFC is finalizing a deal to become owners of the WWE. The sale price you ask? 9.3 billion! 1/3rd of that in Vince McMahons pocket.

A few details, Vince is now the executive chairman of this company. So a post-wwe without Vince isn’t gonna happen here soon. Endeavor will be 51 percent owner while shareholders control 49 percent. I’d assume a portion of the 9.3 Billion goes into Vince’s pocket directly since he controls 37 percent of the company currently.

This weekend also kicks of TV rights deals for Smackdown, Raw and the Network that expire in 2026. Those deals fetched billions of dollars on their own.

With the potential sale, does this mean Endeavor would be shopping for suitors that will do a PPV model similar to ESPN? I don’t think it does, since WWE PLE subscribers make up over half the subscriber base for peacock. NBC-universal will back up a brinks truck to Endeavor to keep the network, raw and the PLE model intact.

I think for the most part WWE company structure get infused into the Endeavor company, but still will operate atomically. Think like a fancy portfolio brag.

What do you guys think of a potential sale that could be finalized Tomorrow?!

WWE CEO Nick Khan Wants Legalized Gambling on Matches; Sports Books Don’t.

Nick Khan has been making the media rounds in this week leading up to WrestleMania Weekend. He’s appeared on any sports/business media outlet to discuss Vince becoming Chairman. or Simple questions about Pat McAfee coming back. if you listen to them, they are the typical business-like responses.

Here he is on Colin Cowherd show talking about Vince and Dana White:

Here is a interesting clip from CNBC about Stephanie McMahon:

I love these CNBC interviews where they go extremely wonk-level into the company. its a great reminder of the fact that WWE is a publicly traded company. In this interview they were discussing the legalization of gambling on professional wrestling matches. You can bet on them on sports books that originate outside of the United States. I have done this, and I can tell you, it’s not the best experience a gambler can have. The odds aren’t the best and can fluctuate, and even close days before an event. Wrestling betters call this event the “smart money wave” because people read into the internet insights and move massive amounts of money to change the odd’s significantly.

Nick Khan believes that the Grammy’s and Oscar’s are betted on, that WWE can be too, and he is wrong. Both of those awarding organizations have PriceWatermanCoopers run the vote, have Deloitte tabulate the results. The results that only a select, small amount of people can vote for. Not only that, but these award show outcomes are not predetermined like in professional wrestling.

Michigan, Colorado and Indiana are the states they want to try this out on. Michigan has catalog reviews every couple of years, when the newer catalog gets approved, it gets pushed to the sportsbooks.

They have registered to operate with Indiana Gaming Commission already, relating to this initiative.

Colorado has a state law, outlawing predetermined outcomes being gambled on.

I don’t think this is possible right now, with Vince McMahon chairman of the company. Rumors will always persist about Vince’s involvement in creative outcomes, and his constant rewrites. I see those constant changes are pushing sports books away from doing this.

In a post-sale, non-Vince McMahon involved WWE company, with Triple H head of creative. I can definitely seeing this happen. During the black and gold NXT days, he was extremely good at booking that far out, only having to re-write shows due to injury.

What States will do you think will go through with it?

#Wrestlemania Cards For Each Day Revealed

This morning (Thursday) First Take revealed the cards for each day of Wrestlemania. These graphics are for what matches are what day.

I will note that just because Theory vs. Cena is the graphic highlighting day 1, does NOT mean that they will be Main Eventing for Day 1. It seems the internet is split into 3rds now because of this graphic. Some think Cena/Theory will, another 3rd think Rhea/Flair will for the Smackdown Women’s Championship. and The last 3rd believe and I think this will ultimately Main Event Night 1 is Sami & Kevin Owens/ The Usos for the Undisputed Tag Team Championship.

Night 1 has 7 matches, night 2 has 6, but remember Bobby Lashley and/or LA Knight could do something that hasn’t been advertised yet for a surprise. So keep that in the back of your minds while watching this weekend.

The First Take Reveal Below:

Wrestlemania takes place on Peacock at 8pm/7Central this Saturday and Sunday. I will have a comprehensive recap on here for each day, Also, Theres talk about The Anomalies doing a live watch along too!

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