WWE Thread

[Knicks411]

I can't believe they had that in an open air stadium lol. Night 1 looked cold. Like... what if there was SNOW?

It would've been rough!

I did Mania 35 at metlife as well, outdoor stadium. We got super lucky that day, the weather was really nice. (I just checked, weather underground says the high that day was 66 and it didnt go any lower than 59, even at midnight)

I was def a little chilly at times, more Saturday than Sunday. The alcohol did help a little. It's definitely a risk running it in the northeast in the first week of April though

 

[jncuse]

Well it seems that Nick Khan is probably leaving the WWE. Although selling all your shares doesn't require you by any means to resign, optically disposing of all shares is not something an officer typically does who is sticking around.

A lot of people are speculating that something bad is going on at WWE which is why he wants to leave. I doubt there is something bad that is driving him out. Although his leaving is probably not good thing for WWE . I have worked with some of these guys as CEO's of companies who are "transaction" motivated.. They operate the company well enough, but they are driven by transactions -- completing big deals is where the significant additional compensation (a big part of it equity) comes into play. And when those transactions are done, they are looking for the next company to repeat. They don't want to oversee the standard stuff.

With the WWE, Tony Khan has overseen some major transactions -- the TV deals, the sale of the company - that has likely earned him significant additional equity. He's probably not that interested in a job that is largely just running things more operationally.

 

[jncuse]

Well it seems that Nick Khan is probably leaving the WWE. Although selling all your shares doesn't require you by any means to resign, optically disposing of all shares is not something an officer typically does who is sticking around.

A lot of people are speculating that something bad is going on at WWE which is why he wants to leave. I doubt there is something bad that is driving him out. Although his leaving is probably not good thing for WWE . I have worked with some of these guys as CEO's of companies who are "transaction" motivated.. They operate the company well enough, but they are driven by transactions -- completing big deals is where the significant additional compensation (a big part of it equity) comes into play. And when those transactions are done, they are looking for the next company to repeat. They don't want to oversee the standard stuff.

With the WWE, Tony Khan has overseen some major transactions -- the TV deals, the sale of the company - that has likely earned him significant additional equity. He's probably not that interested in a job that is largely just running things more operationally.

I did want to add an important subtlety. They have put in a filing to "register" all of his shares, which allows him to sell a portion or all of the shares. So it doesn't necessarily mean he is planning to sell all the shares. That being said its still odd for an exec to try to sell all his shares at once, and to still be committed long term.

 

[Knicks411]

I did want to add an important subtlety. They have put in a filing to "register" all of his shares, which allows him to sell a portion or all of the shares. So it doesn't necessarily mean he is planning to sell all the shares. That being said its still odd for an exec to try to sell all his shares at once, and to still be committed long term.

Fwiw, he registered to sell the shares back in September, it's becoming public now. Not sure if thats relevant but at least worth a mention

 

[oldpinepoint]

Dan Hurley was just on Raw, I was really hoping someone was going to lay him out. Sadly nothing

 

[jordville]

Dan Hurley was just on Raw, I was really hoping someone was going to lay him out. Sadly nothing

Ugh... yup...backstage segment with the Raw Tag Team Champs, The Awesome Truth (Miz & R-Truth). I'm behind on the DVR, so I just saw it (and was hoping there is still time-- hour plus left)...

 

[jncuse]

Fwiw, he registered to sell the shares back in September, it's becoming public now. Not sure if thats relevant but at least worth a mention

Looked into TKO's SEC filings.

There was actually the same "offer to sell" prospectus transaction filing made in both September 2023 and April 2024, and it was made public back then (Sept 2023) as well. Khan's were ultimately never sold.

But for whatever reason this April prospectus of about 9 million shares hit the wrestling news cycle fairly hard (with all the associated tribalism), and the September prospectus of about 29 million shares really never hit the wrestling news. At least that I can remember... I certainly never heard about it.

It does suggest though, that this could well be a nothing and way too much was made about it (including by myself)

 

[MSOrange]

Ric Flair geez what a mess.

 

[jncuse]

Ric Flair geez what a mess.

Ric Flair considering a lawsuit. On what justifiable basis I have zero clue.

 

[Newhouser]

Ric Flair geez what a mess.

Always great when a 70 year old wants to take it outside.

 

[oldpinepoint]

Always great when a 70 year old wants to take it outside.