EV investor Ideanomics files for bankruptcy to sell assets; Shane McMahon Exec Chairman

Electric vehicle tech company Ideanomics Inc. (IDEX.PK), opens new tab filed for Chapter 11 bankruptcy in Delaware on Wednesday to find a buyer for its wireless charging business and other technology investments.

Ideanomics entered bankruptcy with over $30 million in debt and just $189,000 in cash on hand, according to documents filed in Wilmington, Delaware bankruptcy court. Ideanomics said it has lost over $800 million in the past five years.

The company spent $320 million on electric vehicle technology investments between 2021 and 2023, but most of those investments were unprofitable. It has shut down all of its acquired businesses except the wireless charging company WAVE, and laid off all but 17 employees. WAVE, which Ideanomics purchased in 2021, will continue to operate during the bankruptcy, and its wireless charging technology is being used by the Antelope Valley Transit Authority in California, which serves commuters in the cities of Palmdale, Lancaster, and Northern Los Angeles County.

The WAVE system is built into routes on public roads and parking facilities, and it is designed to automatically charge buses during scheduled stops, according to court documents. Ideanomics has lined up an $11 million bankruptcy loan from Tillou Management and Consulting, an entity controlled by former wrestling executive Vince McMahon. McMahon is married to Linda McMahon, who U.S. President-elect Donald Trump has nominated as education secretary in his second administration.

Ideanomics plans to sell WAVE to Tillou unless another buyer steps in with a higher offer, according to court documents. Ideanomics saw its stock surge to over $600 a share in 2021 as retail investor interest in electric vehicles surged. The U.S. Securities and Exchange Commission later accused the company of misleading investors by overstating its financial performance. Ideanomics’ stock was de-listed from NASDAQ in July 2024, and it settled the SEC lawsuit in August.

Before its pivot to electric vehicles, Ideanomics operated in unrelated markets, providing video-on-demand services in China and later providing financial technology used for trading in petroleum and electronic components.

source: reuters.com

WWE Granted Stay In ‘Ring Boy’ Lawsuit

WWE has been granted a motion to stay the lawsuit filed by former “ring boys” against the company as well as Vince and Linda McMahon. As you likely recall, a lawsuit was filed against the parties back in October by five former WWE “ring boys” who allege that Mel Phillips and Terry Garvin sexually abused them, and that Vince and Linda McMahon were aware of the abuse but did nothing to stop it. POST Wrestling reports that Judge James K. Bredar has granted a motion byu the company to stay the lawsuit pending a ruling by the Maryland Supreme Court’s decision on the Child Victims Act.

According to POST, the new Maryland removes the statute of limitations and allows victims to sue “non-perpetrator defendants whose negligence may have led to child sex abuse.” The Maryland Supreme Court is currently considering the constitutionality of the law in a consolidated case, with a decision expected before August 31st, 2025.

WWE filed their motion on Monday asking for the case to be stayed, and the judge agreed to do so. The judge wrote:

“The Complaint raises allegations regarding sexual abuse committed in the 1980s, and the timeliness of the claims depends on the Maryland Child Victims Act of 2023 (‘CVA’). As Defendants [WWE] explain, the viability of Plaintiffs’ [the ring boys’] claims ‘depends entirely on the constitutionality of the CVA’”.

Linda McMahon's Lawyer Confirms Separation from Vince McMahon Amid Ongoing Lawsuits

The Washington Post has published a new feature piece discussing the ongoing lawsuits involving Vince McMahon and WWE. In the article, Linda McMahon's lawyer confirmed that Linda and Vince are separated.

As previously reported, President-elect Donald Trump has nominated Linda McMahon to serve as Secretary of Education.

Laura Brevetti, who represents Linda McMahon and also defended Vince McMahon in his 1994 criminal trial, stated that Linda and Vince are indeed separated. She also commented on the ongoing "ring boys" lawsuit, saying, “This lawsuit based upon thirty-plus-year-old allegations is filled with scurrilous lies, exaggerations, and misrepresentations.”

Vince McMahon Launching New Entertainment Company With Former WWE Executives

Vince McMahon is not throwing in the towel just yet. The former WWE chairman is in the beginning stages of creating a new entertainment company, according to a PWInsider report that broke Tuesday afternoon.

Despite his ongoing legal issues, McMahon's new venture is being described as an "entertainment hub company" and will reportedly focus on producing film and TV projects in the realms of fiction and non-fiction.

According to PWInsider's report, several ex-WWE employees already offered their services to Vinnie Mac's film and TV business, including Brad Blum. Blum was WWE's Chief Operating Officer under McMahon and stayed on board with the company after McMahon's second ousting earlier this year. This past May, Blum resigned after it was discovered that he was “Corporate Officer No. 2” in Janel Grant's lawsuit.

Kristen Prouty, a former WWE executive instrumental in ushering Logan Paul into the WWE family, is also reportedly connected to the project. She was laid off in May following Endeavor's purchase of the global pro wrestling promotion.

PWInsider's sources claim that McMahon will not pursue the formation of a new pro wrestling company nor anything competitive with WWE. The company is currently preparing for launch should McMahon get cleared of his charges, with a Los Angeles headquarters planned.

Woman suing Vince McMahon, WWE alleging abuse wants NDAs waived

A former WWE employee who filed a lawsuit against the company and ex-leader Vince McMahon, accusing him of sexual battery and trafficking, is asking them to not enforce nondisclosure agreements with other former and current employees and contractors so they can potentially come forward with similar accusations.

A lawyer for Janel Grant emailed a letter making the request late Monday to attorneys representing WWE, McMahon and John Laurinaitis, a former WWE executive and wrestler, in Grant's lawsuit against them.

A spokesperson for McMahon, Curtis Vogel, declined comment. Lawyers for WWE and Laurinaitis did not immediately return emails seeking comment late Monday. Emails to the WWE and its parent companies, Endeavor Group Holdings and its subsidiary, TKO Group Holdings, also were not returned immediately.

McMahon, former CEO and chairman of WWE, has denied Grant's allegations.

Grant, who worked in WWE's legal and talent departments from 2019 to 2022, sued the company, McMahon and Laurinaitis in January, making graphic allegations of sexual assault, harassment, trafficking and other physical and emotional abuse.

McMahon stepped down as WWE's CEO in 2022 amid a company investigation into allegations that match those in Grant's lawsuit. He also resigned as executive chairman of the board of directors of TKO Group Holdings in January, a day after Grant filed her lawsuit.

"If WWE and its parent company Endeavor are serious about parting ways with Vince McMahon and the toxic workplace culture he created, their executives should have no problem with releasing former WWE employees from their NDAs," Ann Callis, Grant's attorney, said in a statement. "This is the first step to rehabilitating a company that covered up decades of sexual assault and human trafficking."

McMahon previously responded to Grant's lawsuit with a statement calling it "replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth. I intend to vigorously defend myself against these baseless accusations, and look forward to clearing my name." His lawyers said in court documents that he had a consensual relationship with Grant and never mistreated her.

Laurinaitis' lawyer has denied the allegations and said Laurinaitis was also a victim in the case.

Grant said she was pressured into leaving her job with the WWE and signing a $3 million nondisclosure agreement. The lawsuit also seeks to have the agreement declared invalid, saying McMahon breached the deal by giving her $1 million and failing to pay the rest.

Four other women -- all formerly affiliated with WWE -- signed agreements with McMahon that bar them from discussing their relationships with him, The Wall Street Journal reported in July 2022, citing people familiar with the deals and documents it reviewed. Grant was not among those women, her representatives say.

In December 2022, McMahon agreed to pay a female former wrestling referee millions of dollars to settle her allegations that he raped her in 1986, the Journal also reported. McMahon said the alleged sexual assault never happened, and his lawyer said he settled the suit to avoid costly litigation.

Grant's request for the Stamford, Connecticut-based WWE to waive enforcement of the NDAs is similar to ones made to other companies when sexual misconduct allegations arose.

In 2018 and 2019, respectively, the Weinstein Co. and NBC Universal released employees, former employees and others from NDAs made in connection with sexual misconduct claims against movie mogul Harvey Weinstein and "Today" host Matt Lauer.

Victims' lawyers call NDAs instruments to silence accusers while allowing alleged abusers to avoid accountability. A federal law approved in 2022 and similar laws in more than a dozen states curb the use of NDAs that block victims of sexual harassment from speaking publicly about their allegations.

The Associated Press does not normally name people who make sexual assault allegations unless they come forward publicly, which Grant did.

She alleges McMahon forced her into a sexual relationship with him in order for her to get and keep a job, and later directed her to have sexual relations with others including Laurinaitis. She also accuses McMahon and Laurinaitis of sexually assaulting her at WWE headquarters in Stamford, Connecticut.

The lawsuit further claims McMahon recruited other people for sexual relations with Grant, shared pornographic photos and videos of her with other men, including WWE employees, despite saying he wouldn't and subjected her to cruel and humiliating acts. source: espn.com

JBL: Triple H Is The Only One Who Could Have Taken Over For Vince McMahon

The latest legend to chime in with support for Paul Levesque is John Bradshaw Layfield. Even though he's currently on a world tour of sorts as the guardian of wrestling, making appearances in TNA Wrestling, Major League Wrestling, and Game Changer Wrestling, JBL took the time to talk about Triple H during a recent Q&A with Sportskeeda.

Bradshaw says he's amazed by what has been done since the new regime took over and believes that Triple H is the only one who could have taken over for Vince McMahon.

"Triple H is the only one, to me, that could have taken over for Vince. He’s not only taken over and kept the company the same, they made it better. What they’re doing is just amazing. The billion dollar TV contracts, the crowds they are drawing. I am blown away by what he and Nick Khan together, and the entire team, Bruce Prichard and all the guys, what they’ve done. It’s absolutely amazing to me."

source: fightful.com

Vince McMahon Criticizes Netflix Documentary for Misleading Portrayal of His Life

Vince McMahon has publicly voiced his disappointment with a new Netflix documentary that focuses on his life and career. In a statement, McMahon expressed regret over the portrayal of him in the film, criticizing how it conflates his on-screen wrestling persona, "Mr. McMahon," with his actual self.

McMahon contends that the filmmakers missed an opportunity to present a balanced and accurate portrayal of both his personal life and his business accomplishments. According to McMahon, the documentary distorts the truth by relying on selective editing, outdated soundbites, and out-of-context footage to mislead viewers. He claims that these editorial choices were deliberately made to push a deceptive narrative, which paints a skewed picture of his life.

A key point of McMahon's criticism is the documentary's handling of a past lawsuit and affair, which he says were presented in a way that reinforces the misconception that his fictional "Mr. McMahon" character is a true reflection of his real persona.

McMahon concluded his statement by encouraging viewers to approach the film with an open mind, reminding them that there are always two sides to every story.

Vince McMahon's Official Statement on the Netflix Documentary:

McMahon writes: "I don’t regret participating in this Netflix documentary. The producers had an opportunity to tell an objective story about my life and the incredible business I built, which were equally filled with excitement, drama, fun, and a fair amount of controversy and life lessons. Unfortunately, based on an early partial cut I’ve seen, this doc falls short and takes the predictable path of conflating the 'Mr. McMahon' character with my true self, Vince. The title and promos alone make that evident.

Much has been misrepresented or left out entirely in an effort to leave viewers intentionally confused. The producers use typical editing tricks with out-of-context footage and dated soundbites to distort the viewer’s perception and support a deceptive narrative.

In an attempt to further their misleading account, the producers use a lawsuit based on an affair I ended as evidence that I am, in fact, 'Mr. McMahon.'

I hope the viewer will keep an open mind and remember that there are two sides to every story."

Vince McMahon Docuseries Sets Netflix Premiere Date

The Netflix docuseries on former WWE boss Vince McMahon has set its premiere date.

The series, titled “Mr. McMahon,” will debut on Sept. 25. It consists of six one-hour episodes. The official synopsis for the series states:

“‘Mr. McMahon’ chronicles the rise and fall of Vince McMahon, controversial businessman and co-founder of WWE. From his transformation of the WWE from a small, regional business into a global entertainment powerhouse to the explosive sexual misconduct allegations that led to his eventual resignation, this six-episode series offers a deep dive into McMahon’s life and his enduring franchise. Culled from over 200 hours of interviews with McMahon himself (prior to his resignation), his family members, business associates and some of the most iconic names in wrestling history, as well as the journalists who uncovered McMahon’s allegations — filmmaker Chris Smith (‘Tiger King’) and executive producer Bill Simmons (’30 for 30′) present an unflinching, no-holds-barred look at one of the most enigmatic figures in sports entertainment.”

The docuseries was originally announced back in October 2020. Less than two years later, McMahon announced his retirement from WWE amid an investigation into misconduct allegations by the WWE board of directors. He made a stunning return to the company in early 2023 to negotiate its sale, which eventually happened when Endeavor bought WWE and merged it with UFC under the TKO Group banner. McMahon then resigned from the TKO board of directors after a former employee filed a lawsuit against McMahon, accusing him of sexual abuse and trafficking her to other men.

“The goal behind ‘Mr. McMahon’ was to pull back the curtain and reveal the true Vince McMahon, obscured beneath the persona he presented to the world,” said series director and executive producer Chris Smith. “Over the four years of production, the story evolved in truly shocking ways, culminating in some extremely harrowing allegations. The final product is a revealing documentary that we believe offers a rich and nuanced portrait of the man and the complex legacy he left behind.”

Along with Smith, Bill Simmons and Zara Duffy serve as executive producers on “Mr. McMahon.” The series is produced by Library Films in association with Ringer Films. source: variety.com

TKO Details Repayments By Vince McMahon For Misallocated Funds

Former WWE Chairman Vince McMahon resigned from WWE and parent company TKO in January following the filing of a sex trafficking lawsuit against him by Janel Grant, 18 months after his initial resignation in 2022 following reports he had misappropriated company funds to pay NDAs to Grant and others. McMahon has since been reimbursing the money waylaid to WWE — which merged with UFC under TKO in September 2023 — and the company's latest quarterly report indicates he has continued to do so since his resignation.

"Mr. McMahon has agreed to make future payments to certain counterparties personally," the report reads. "As of December 31, 2023, total liabilities of $1.5 million are ... owed by Mr. McMahon to certain counterparties."

It's further noted that as of June 30, 2024, McMahon had made the payments to the relevant parties in full and directly.

"In connection with and/or arising from the investigation conducted by a Special Committee of the former WWE board of directors, Mr. McMahon has agreed to reimburse the Company for additional costs incurred in connection with and/or arising from the same matters," the section concludes. 

McMahon returned to WWE after his initial resignation in January 2023, announcing his intent to secure a sale of the company. That turn of events led to the formation of TKO, with which McMahon continued as Executive Chairman. Grant's lawsuit in January this year alleged gross sexual misconduct and trafficking at the hands of McMahon during her time with the company, which he has continuously and vehemently denied, and saw him resign from his roles with TKO and WWE.

Away from Vince McMahon, Triple H Books Outstanding Clash at the Castle

Suit Against Vince McMahon Paused At Justice Department's Request

The woman accusing Vince McMahon of sexual misconduct agreed to pause her lawsuit against the former WWE CEO after a request from the Justice Department, her attorney told ABC News on Thursday.

Janel Grant, a former WWE employee, alleged in a 67-page suit filed in January that McMahon forced her into a sexual relationship in order for her to keep her job and passed around pornographic content of her to other men at the company.

"Ms. Grant has consented to a request by the U.S. Attorney for the Southern District of New York to stay her case against Mr. McMahon, WWE and Mr. [John] Laurinaitis, pursuant to a pending non-public investigation," Ann Callis, Grant's attorney, said in a statement to ABC News. "We will cooperate with all appropriate next steps."

Grant also accused McMahon of inflicting "psychological torture and physical violence" while making "depraved sexual demands." McMahon is accused of trafficking Grant to other WWE employees. The lawsuit, which also named former WWE executive John Laurinaitis, included graphic descriptions of alleged sexual encounters along with explicit text messages.

source: si.com

John Laurinaitis Joins Vince McMahon Arbitration Effort, Denies Janel Grant Accusations

Recently, attorneys representing Vince McMahon motioned to have former assistant Janel Grant's lawsuit against him, John Laurinaitis, WWE, and numerous unnamed corporate officers for sex trafficking, abuse, and harassment, brought to private arbitration, as per the stipulations of the disputed Non-Disclosure Agreement (NDA) between McMahon and Grant.

According to Wrestlenomics's Brandon Thurston, former WWE Head of Talent Relations John Laurinaitis, who was also named in Grant's suit, has joined McMahon's motion to move the case into private arbitration, which would keep any further developments and discoveries out of the public record.

"John Laurinaitis has filed a Motion today fully joining in and adopting Vince McMahon's motion to compel arbitration," Edward Brennan, attorney for Laurinaitis, wrote in a statement. "Mr. Laurinaitis corroborates Mr. McMahon in publicly declaring that Ms. Grant's allegations of sexual abuse and coercion in her Complaint are completely unfounded. My client will fight these false allegations together with Mr. McMahon in the proper forum, arbitration."

The motion is a pivot from Laurinaitis's initial position, as his attorneys' original stance was "Like the plaintiff, Mr. Laurinaitis is a victim in this case, not a predator," which seemingly corroborated some of Grant's accusations, albeit while still denying Grant's accusations against Laurinaitis himself. 

Attorneys for McMahon responded to Laurinaitis's motion, writing "In January 2024, Ms. Grant, a 43-year-old with a law degree, who was in love with Mr. McMahon and devastated by their break-up, filed an outrageous and false lawsuit to ruin Mr. McMahon's career and reputation. Now, her false allegations are slowly unraveling. Today, Mr. Laurinaitis' attorney confirmed his client will corroborate Mr. McMahon's account and expose the lies within the Complaint. Despite their intense efforts, Ms. Grant's attorneys won't be able to suppress the truth from coming out."

McMahon resigned from his responsibilities at WWE and TKO Group Holdings in January of this year, as a result of the lawsuit. Federal investigators are also looking into the sex trafficking accusations against McMahon. McMahon recently sold off nearly $300 million worth of his stock in TKO and its parent company Endeavor. He now currently owns less than 5% of TKO Group Holdings, which he helped found in 2023.

Vince McMahon Sells Final TKO Shares for $776M+ to End WWE Ties After 50+ Years

The Vince McMahon era has come to an end as he sold his remaining shares of stock in his former company, 42 years after buying it from his father. 

Rumors are circulating that Vince could use his billions to startup another company; he is said to be angry that he was “forced out” by the hierarchy of TKO after news of his sex scandal broke. Nick Khan has also filed to sell all of his shares in the company as well. 

Many call McMahon a genius, he was able to build a billion dollar empire before we all watched his stubborn ideology begin to affect the overall legacy of the company. The news of the NDA agreements and “hush money” to Janel Grant led to his initial retirement last year, and after forcing his way back in at TKO, the final attempt was the end of his tenure and apparent censure from the company he is synonymous with. 

It’s a new day. The Paul Levesque era is finally here, WrestleMania 40 was the most profitable and critically acclaimed event in recent history, and it’s a great time to be a professional wrestling fan. The “sports entertainment” era is finally over, and the once respected Vinnie Mac is now persona non grata in the business. Insiders say that McMahon’s office is as he left it, and he has not been and will not be back in the building, calling the infamous room “creepy” and saying the atmosphere overall at the company is much better in his absence.

Vince McMahon's life after WWE: Kittens, vacations and staying in touch with Trump

As he faces a mountain of legal woes, former WWE leader Vince McMahon is traveling, eating out and keeping in touch with friends and associates — including former President Donald Trump.

McMahon resigned as executive chairman of World Wrestling Entertainment’s parent company almost three months ago after a former employee, Janel Grant, accused him in a bombshell lawsuit of sexual abuse and trafficking. He denied the allegations. McMahon, 78, is also facing a federal criminal investigation, although he hasn’t been charged.

NBC News and CNBC talked to 11 people familiar with McMahon and WWE about how he’s been spending his time — and how the global brand he built over more than four decades is moving on without him. These people, including close personal associates and company insiders, declined to be named, citing ongoing legal cases and the confidential nature of internal corporate communications.

Multiple WWE insiders said he hasn’t had any contact with company leaders and figureheads since he resigned. Mark Shapiro, the operating chief of WWE parent company TKO Group Holdings, said in March that McMahon “doesn’t work for the company, doesn’t come into the office, and he’s not coming back to the company.”

That also means McMahon hasn’t talked to his son-in-law, WWE creative chief and former superstar Paul “Triple H” Levesque, or daughter, Stephanie McMahon-Levesque, regarding company matters, sources said. While she introduced WWE’s WrestleMania event earlier this month, McMahon-Levesque, who worked beside her father for more than 20 years and played roles in storylines, currently has no involvement with the company, according to people familiar with the matter. Levesque and McMahon-Levesque declined to comment through a spokesperson, as did a WWE representative.

McMahon is nonetheless indelibly linked with the wrestling outfit, which he bought from his father 42 years ago. Still, he seems to have moved on, according to multiple sources. McMahon has kept up his other routines, and it’s as if he’s unfazed by his legal fights, two sources said...More?

source: nbcnews.com

Vince McMahon Puts Remaining TKO Stock Up For Sale in Major Financial Move

Vince McMahon is actively offloading his holdings in TKO stock, placing all his remaining shares on the market. According to a recent SEC filing, McMahon, alongside stockholders Nick Khan and Steven Koonin, listed their shares for sale but have not yet completed any transactions. McMahon has made available 8,021,405 shares, his entire remaining stake, following a sale earlier in the week of nearly 3.5 million shares, which brought him over $300 million.

Listing shares for sale does not guarantee their immediate purchase, but it does open the possibility for McMahon to potentially earn more. If sold at current market prices, his 8 million-plus shares could yield over $786 million. Amidst ongoing legal issues, McMahon has been converting his stock into cash rapidly, amassing approximately $1.5 billion from these sales. This aggressive divestment suggests that McMahon is distancing himself significantly from TKO and WWE, likely marking a permanent departure.

Triple H: I Told Ari Emanuel When TKO Formed, ‘I Just Want To Have Fun. If It’s Fun, I’ll Stay’

Triple H just wanted to have fun.

WWE and UFC officially merged in September 2023 to form TKO under the Endeavor banner. Triple H was already appointed as the Chief Content Officer, but Vince McMahon would often make remote changes throughout 2023.

With the merger, Vince started to become less involved until he eventually resigned as TKO Executive Chairman in January following a lawsuit against him where he was accused of sex trafficking and sexual assault.

With Vince fully out of the picture, Triple H has ushered in a new era.

"I’m loving what I do, that’s the biggest thing for me. When TKO went down and Ari Emanuel talked to me about this, I said, ‘I just want to have fun. If it’s fun, I stay. If It’s not, we’ll figure out something else.’ We’re having fun. I want everyone to have fun. When the signature was playing, I picked up the headset and said, ‘Biggest thing we want to remember tonight, everybody, have fun. Enjoy this.’ If this is fun, everybody loves it. If we have fun making it, you’re going to enjoy watching it. That’s what I believe," Triple H said at the WrestleMania XL press conference.

The Rock comments on the job Triple H has done and how this WrestleMania felt knowing Vince McMahon is no longer involved

“I think that Triple H has done a tremendous job as our chief creative officer, I think that’s his title, he has a few, earned every single one of them. I like ushering in new things and new times and new eras and it feels like in our world here, professional wrestling, it is a new era that we’re ushering in. I talked to Triple H earlier as we were kicking off and kicking off the show tonight and without giving detail on what we talked about, it was a special night for him. This was the beginning of something and marking the beginning of something new for him, under his creative, and I think from a company standpoint, this is an exciting time for the company, for WWE, an exciting time for TKO. You felt the convergence towards the end of the year when the acquisition happened, you felt the convergence in the first quarter of the year as I was fortunate enough to come back and kind of traversed our way to what these storylines could look like, so it’s an exciting time and I think we capped off day one of WrestleMania that we had stated was gonna be the biggest of all time, which is really saying a lot given how many great WrestleManias there has been in the past, so I thought collectively as a company and a team, [it was] a really great show tonight.”

credit 411mania.com for the transcription

AJ Styles reveals why WWE 'isn't the same' under Triple H

AJ Styles has revealed that WWE is incredibly different under Triple H compared to Vince McMahon.

McMahon reigned in the company since its formation a number of decades ago, until his retirement in 2022 following allegations of sexual misconduct, though returned and began to lure control back.

That was until September last year, when WWE and UFC formed a merger under umbrella company TKO, which had McMahon as executive chairman until he resigned in January following allegations of sex trafficking, which he has denied.

Now, the show is run by former WWE star and McMahon's son-in-law, Triple H - real name Paul Levesque - and reports have generally suggested that the company is a much better place to work.

Those opinions were echoed by Styles The Battleground Podcast.

Ronda Rousey Details NXT Being Stolen From Triple H

Writing in her new book Our Fight – available for pre-order now – Ronda Rousey detailed that turbulent time in WWE history and thinks it was McMahon’s “cronies” that made the move to take NXT out of Triple H’s hands:brbr NXT, which had been Triple H’s domain, had been caught in the ongoing family dispute between him and Vince McMahon. Vince’s unwillingness to give up any control made progress on the main roster all but impossible. But operating out from under Vince’s thumb, Triple H had built NXT into a brand that was not only developing WWE’s next generation but producing some of the organization’s best and most innovative wrestling.

People were excited about NXT in a way that they weren’t about Raw and SmackDown’s constant reliance on rehashing the same formulaic story lines over and over. As NXT grew and it became apparent that there was the potential to expand and profit from it, suddenly it became attractive to Vince. In fall of 2019, WWE launched a weekly NXT show—slated to go head-to-head on-air with AEW.

Now, NXT was on the up-and-up, but so too was AEW. Then Triple H almost died, suffering from heart failure and requiring surgery. He stepped away to deal with his health, and in his absence, Vince’s cronies saw an opportunity. NXT was losing the ratings battle to AEW, they whispered to Vince.

Ronda Rousey then took aim at former Head of Talent Relations John Laurinaitis who she claimed was running NXT in Triple H’s stead. It’s safe to say Rousey is no fan of Laurinaitis but says his failure running the brand was systematic of wider problems in the company:

Changes needed to be made. Which is how John Laurinaitis, a former wrestler turned WWE executive and all-around dirtbag, ended up running NXT. Laurinaitis had made a name for himself as an average but by no means outstanding wrestler before he moved into playing an in-ring authority figure type and then a producer. He looked and acted like an entitled sixty-year-old former frat boy. Tall, blondish, and with a cleft chin, he always appeared to be scowling, even when he smiled. His raspy voice earned him the nickname Johnny Laryngitis, which was one of the nicer things people called him.

Whereas Triple H looked for talent and potential in NXT prospects, it appeared John Laurinaitis looked for f*ckability. He further purged the NXT roster, firing it seemed like everyone over twenty-five and turning recruiting attention away from the indie circuits in favor of blonde sorority-types from places like the Universities of Florida and Tennessee.

Putting the blame for the decline on Laurinaitis—which Vince would basically try to do a few months later—would be easy but Laurinaitis was only a symptom of what was wrong within WWE. Honestly, the actual drama was so much better than anything WWE could ever script.

source: tjrwrestling.net

More WWE Executives Revealed As Key Figures In McMahon Sex Trafficking Suit; WWE Responds

More names have been revealed as part of the ongoing sex trafficking lawsuit against Vince McMahon, John Laurinaitis WWE, and unnamed corporate officers.

A new report from Tim Marchman, John Pollock, and Brandon Thurston for Front Office Sports has named President Nick Khan and COO Brad Blum as those identified as Corporate Officers No.1 and No. 2 in the suit filed by Janel Grant in January.
Before their naming in the report, Khan and Blum were alleged to have been instrumental to a scheme in which Grant had been employed in a completely undefined role, except for the understanding that she would remain a sexual slave to be used and trafficked by McMahon within WWE. Khan and Blum are not personally accused of sexual wrongdoing but they are rather part of a group that is claimed to have facilitated and covered up exploitation in a way that would make WWE liable under federal anti-trafficking law.

Front Office Sports' report notes that Blum and Khan were identified independently alongside the two other anonymous corporate officers described in the suit by cross-referencing details within the filing with other records like online resumes and corporate filings. A WWE source also reportedly confirmed details within the suit, such as the location of Khan's office. All names were confirmed with Janel Grant's attorney, Ann Callis.

According to the suit, McMahon presented Blum and Khan to Grant as his key fixers. Nick Khan is the current WWE President under TKO's hierarchy following the merger with UFC last year and has been instrumental in the business growth behind the company in recent years.

The report continues to name Stephanie McMahon as Corporate Officer No.3 within the filing, who is mentioned once in an ambiguous context. It's told how Grant had attended meetings with WWE's executive committee, which was noted to be above her pay grade and something she had even inquired to Khan and Blum about regarding appropriateness. The suit alleged Stephanie McMahon had motioned for Grant to sit near her in these meetings. Ms. McMahon is also described as knowing of "other instances of [Vince] McMahon engaging in inappropriate sexual conduct".

Stephanie McMahon notably took a leave of absence in 2022 – three months after Vince McMahon and Janel Grant signed their $3 million NDA – from her role as Chief Brand Officer. A month later, reports emerged on a probe by the WWE board of directors into unauthorized payments involving NDAs with several former female employees and performers made by Vince McMahon, after which he resigned from his roles as CEO and Chairman and Stephanie McMahon became interim CEO and Chair. When Vince McMahon forced his way back onto the board in early 2023, Stephanie McMahon resigned from her role as Co-CEO – held alongside Nick Khan – and has not returned.

Front Office Sports further identified Brian Nurse – former general counsel and head of WWE's legal department – as Corporate Officer No.4. Nurse is described in the suit as offering the legal role to Janel Grant at the behest of Vince McMahon, a revelation allegedly made by McMahon to Ms. Grant before he sexually assaulted her for the first time. Nurse is claimed to have been terminated or asked to resign as one of a number of employees forced to resign or let go if they knew of McMahon's exploits and failed to assist, support, or facilitate them.

In response to the report, a WWE spokesperson told FOS:
“WWE takes Ms. Grant’s allegations very seriously and has no tolerance for any physical abuse or unwanted physical contact. Neither Nick Khan nor Brad Blum, prior to the lawsuit being filed on January 25, 2024, were aware of any allegation by Ms. Grant that she was the victim of abuse or unwanted physical contact; nor does the complaint allege that either had knowledge of such.”

Nick Khan, Brian Blum and Stephanie Mcmahon are not explicitly accused of wrongdoing.