For the first time since 1982, Vince K. McMahon will no longer be solely in charge of World Wrestling Entertainment.
He purchased the company — then called the World Wide Wrestling Federation — from his father and changed it to the World Wrestling Federation then years later World Wrestling Entertainment as it’s known today.
He will own 49% of the voting shares while Ari Emanuel, who is CEO of Endeavor, will hold 51%. While McMahon will not legally be the majority owner of the company, it’s been reported he will remain in charge of the wrestling side of the company. Endeavor will head up the UFC side. This is the end of an era for the industry of pro wrestling with Vince McMahon, who is now in his late 70s, no longer the most powerful man in the industry of pro wrestling.
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