Vince McMahon’s era as the majority owner of WWE ended when the company merged with UFC leading to the formation of the new TKO Holdings Inc. company and the deal was closed on September 12. Endeavor holds a 51% controlling interest in the new company and existing WWE shareholders hold a 49% interest. Former WWE star Al Snow says he respects Vince McMahon for the bold decision.
Vince McMahon remains Executive Chairman of the Board for TKO Group, while former CEO Nick Khan now serves as WWE President. Speaking in a new interview with WrestlingInc, former WWE star and current star of Netflix’s Wrestlers spoke about McMahon’s latest actions. Al Snow admitted that he was surprised McMahon decided to merge with UFC and labeled him “genius” for his business sense.
“I thought I would never live to see the day that Vince McMahon would sell the company. I think that it speaks to the genius that is Vince McMahon. I know that a lot of people don’t want to hear that, but you’ve got to respect the man.”
Furthermore, Snow mentioned McMahon’s comeback to the company after announcing his retirement in July last year. Snow talked about McMahon’s ability to rise above his critics and ensure he can’t be fired is “brilliant.”
“He took leave, left the company, came back, put himself in a position where he could sell the company, was able to sell it for about $4 billion higher than the valuation that was given for the company, and then got himself a contract to where he could never be fired. Brilliant. Just brilliant. On top of growing that mustache. So you got to admire it.”