WWE without its founder, Vince McMahon, is hard for anyone in professional wrestling to imagine, but his daughter Stephanie says that when it comes time for the 75-year-old to retire, the company will take a group approach to management.
“I don’t think there will ever be a personal replacement for Vince McMahon. He does a lot. The scenario would be different, no matter how it is, ”said Stephanie McMahon, who has been a WWE performer and business executive for over 20 years and currently serves as the promotion’s brand director on the“ Bloomberg Business of Sports ”podcast on Saturday. .
Fans generally believe that Stephanie would take control along with her husband and wrestling legend Paul “Triple H” Levesque, who has spent the last few years at the helm of the acclaimed WWE development brand, NXT. But McMahon thinks that because no one can replace his father and everything he does, the company will be overseen by several people.
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“I really think that a lot of institutional knowledge is important, particularly with regard to the core content. But it also involves our business with strong and smart executives, ”said McMahon. “And that is exactly what we have. So, I think it’s the marriage of institutional knowledge, the incredible value of production, the creation of IP of talents and stories and really strong business executives to help us expand. I think it’s a combination of things. “
McMahon credits his father for the enormity of WWE’s success, saying, “It’s really remarkable when you think about our history and what Vince has accomplished. Think about what he did. He took what was a regional business and had the vision to create an organization, nationally and globally. My father saw the opportunity for distribution; he saw the opportunity to advertise. In the end, he saw the opportunity to really create something that had never reached the level of popularity it never had. “
Like the rest of the sports world, WWE saw the TV audience plummet during the COVID-19 pandemic, with only 1.84 million viewers watching last week’s episode of “Monday Night Raw”. But the company has lucrative streaming and streaming deals with Fox and NBCUniversal, including one that moves the company’s WWE Network streaming service and all of its live PPV events to NBC’s streaming service, Peacock. This includes Sunday’s “Fastlane” event and WWE’s annual WrestleMania show, which will be held in Tampa on April 10.
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