Statement From Those Close To Vince McMahon About Shareholder Lawsuit

Those close to Vince McMahon give a statement on the shareholder lawsuit.

Over the weekend, it was revealed that the shareholder lawsuit over the WWE merger, which had been scheduled to go to trial on Monday, June 8, had been removed from the Delaware Court of Chancery calendar.

Brandon Thurston of Wrestlenomics reported that an agreement in principle had been reached in the WWE merger lawsuit filed by shareholders.

A source close to Vince McMahon reached out to Fightful Select and other outlets and said:

“This exact kind of litigation follows every single transaction involving a public company.

But here’s the key: Endeavor’s bid was by far the highest. It was signed off on by three separate independent banks – JP Morgan, Raine and Moelis. That’s why WWE’s Board of Directors gave their unanimous approval.

The deal created the premier combat sports company. And the shareholders made an absolute fortune.”

We should reiterate that this is the statement of someone close to Vince and not factual in nature.

We reached out to sources involved in the other lawsuits with WWE and TKO that believe at least one of them will make it to discovery.

Terms of the agreement have not been announced.