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Vince McMahon Reportedly Upset With WWE Executives

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Vince McMahon’s personal wealth experienced a major dip last Friday, losing $340 million and dropping him out of billionaire status. The concerns over the WWE Network and a shortfall in expected income on new television deals were said to be the reason for the significant stock drop, something McMahon and WWE Chief Strategy & Financial Officer George Barrios had to address in a conference call on Monday.

According to PWInsider.com, there was a lot of tension between McMahon and other company officials due to his feelings towards them. It is said that McMahon feels he was led on by his management team, minus Barrios, and had no reason to expect the losses.

The report states McMahon had been told the television deals would be much higher than they ended up being. It is said there are worries backstage over some peoples’ job prospects, and that if McMahon wants to make any changes, they can happen at the snap of a finger.

Additionally, there was reportedly a joke going on backstage that the financial troubles could mean the end of the WWE Network, though that is far from likely given the recent reports of the service’s expansion into the UK.

Editor’s Note:

Well…duh. Obviously he should be unhappy, especially if the numbers were provided by them. Even so, Vince is a smart businessman, so I expect him to make changes accordingly.

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About Jon Alba

Jon Alba

Jon Alba is a contributor for Wrestling Rumors, and has been here since Day 1. Jon recently finished a stint with MLB.com as a production assistant. He is also the General Manager of Q30 Television at Quinnipiac University, and the founder of the SportsFullCircle Media Network. Follow him on Twitter @JonAlbaSFC.

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  • Philadelphia Collins

    dont piss vinny mac off

    • C.J.

      or else

      • joanne williams

        oh my….dipped out of the billionaire bracket??? what a shame.. the ‘little people’…the john q. publics.. that helped put you in that bracket struggle to buy tickets to live events and you dare whine/complain about a loss that you’ll never even feel??? please…. gimme a break!!!

  • Droppo

    The way that whole situation has worked is ridiculous. They got a 90 million dollar increase over their previous contracts and it wasn’t as much as they hoped for, so it was done as a knee jerk reaction to just being disappointed. Is that how our economy works? The success or failure of a company is dependent on how a few people “feel” about something? It’s idiotic, and I expect after a few more months of actual successful business (rather than their perceived feelings about it not going all that well), the stock prices will go back up again. Once they get over their hurt feelings. Man, it’s stupid.

    • LBB

      Yes, that is pretty much exactly how our economy works.

  • Dalinkwent

    Vince. Ratings haven’t been very impressive for the last decade, your buyrates have been flat or lackluster and the overall appeal of your product hasn’t seen a increase with casual viewers since the boom period. Why did you expect a impressive T.V deal or The Network to be a rousing success? If the core product isn’t firing on all cylinders, then you can’t expect massive expansion.

    • zardoz

      Oh my brother! TESTIFY!!!!

    • Rated Republican

      So far the WWE Network is doing better than ObamaCare.

  • Charvi3

    The way they have treated, Daniel Bryan, and letting, Triple HHH and his lovey psycho daughter rule and control…in such a sadistic way…is having nothing but, “BAD KARMA”…coming back on them…it is going to get so bad…that there won’t be another WWE as it used to be…because of the way, that, Triple HHH and his daughter treats other wrestlers in such a sadistic way…what you sow so shall you reap…what goes around comes back around..

    • ANONYMOUS

      don’t take this the wrong way but this is a story line vince runs wwe and sends messages thru headsets to both the announcers as well as refs in here…. the Daniel brian thing is just a ratings getter… HHH and stphanie are just faces of wee right now as vince is planning on handing it over to Stephanie eventually.alll that’s going on here is a story line much like a soap opera is….

    • righteous

      you’ve got that so perfectly!!! You’re absolutely right on this!!

  • azzyj

    You know what this means…. bring back the attitude era!!!!

    • XXne

      How about give the WWE a little time to breath, I don’t think Vince is going to throw in the towel.