WWE Chairman Vince McMahon Confirms Budget Cut Figure

As we reported several weeks ago at WrestlingRumors.net, WWE is looking to cut nearly $20 million from their budget in 2014.

F4WOnline.com has now confirmed that Vince McMahon, the Chairman and CEO of World Wrestling Entertainment, has made a decree to those in the company that he will do everything in his power to reach that $20 million mark.

11 superstars were cut from the roster in early June, including JTG, Jinder Mahal and Drew McIntyre of 3MB, Aksana, Theodore Long and Evan Bourne.

Filming for the upcoming season of WWE “Tough Enough” has been pushed back due to the aforementioned budget cuts as well.

Some key production elements, including Bad News Barrett’s scissor lift and Fandango’s gold curtain, have been removed from shows, saving nearly $250,000 in the process.

One of the main reasons behind WWE’s need to save money is their new television deal, which wasn’t nearly as much as the company had anticipated. With the WWE Network struggling, there was hope that the new deal would bring some financial relief.

Editor’s Note

I wouldn’t want to be in McMahon’s shoes, that’s for sure. Making cuts is a difficult process, especially if it comes at the expense of people losing their jobs. $20 million? I’d stay clear of that.

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