It’s one less thing. WWE is a huge company and that offers a lot of benefits. At the same time though, it can cause some problems of its own, as there are going to be some decisions made that can force the company to do things it might not want. There is a good chance that this has to do with money, and that is the case again this time, as WWE is going to have to cut some checks.
WWE has announced that they have received preliminary approval of a settlement in a lawsuit filed against the company last year. Stockholders Ryan Merholz and Melvyn Klein sued WWE, along with several company executives, including Vince and Stephanie McMahon, Triple H, George Barrios and more, over making decisions that did not have the best interests of the shareholders in mind. There is no word on how much WWE will have to pay.
WWE has had some money issues before. Check out some of their financial moments:
Opinion: This is one of those situations where cutting a check is the right idea. All these people wanted was to get their money (and more) back and that is what WWE is likely going to do. WWE has probably done some things over the years that do not make the most financial sense for its stockholders. Just let the people get paid and move on and move on, which is what makes the most sense here.
What does this mean for WWE? How could they make more money? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 60,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 6,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books.
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