WWE & Vince McMahon Statements On Grand Jury Subpoena, Search Warrant

WWE revealed in their latest earnings report that Executive Chairman Vince McMahon was served with a search warrant and federal grand jury subpoena on July 17. In an update, both WWE and McMahon have provided statements pertaining to the subpoena.

McMahon stated, "In 2022, WWE formed a special committee to review allegations of misconduct against me. That review was concluded in November 2022 following an extensive investigation. Throughout this experience, I have always denied any intentional wrongdoing and continue to do so. I am confident that the government's investigation will be resolved without any findings of wrongdoing. I am focused on completing the recovery process from my recent spinal surgery and on closing our transaction with Endeavor, which will create one of the preeminent global sports and entertainment brands."

WWE responded, "We believe this is a continuation of the investigation that commenced last summer. WWE has cooperated throughout and fully understands and respects the government's need for a complete process."

No charges have been filed against McMahon as of this writing. The details of the warrant and subpoena are currently unknown, although it has been publicized for more than year that the 77-year-old has been under investigation for hush money allegations pertaining to sexual misconduct.

McMahon underwent major spinal surgery on July 21, just mere days after being served the warrant. He is currently on medical leave until further notice. WWE confirmed that McMahon will remain Executive Chairman during this time as the company continues closing in on its merger deal with UFC under Endeavor.

WWE boss Vince McMahon hit with federal grand jury subpoena and search warrant

Federal law enforcement agents executed a search warrant on World Wrestling Entertainment

Vince McMahon last month and served him with a federal grand jury subpoena, the company disclosed Wednesday.

The actions represent an escalation of an ongoing investigation into allegations that McMahon paid millions of dollars over the years to women after being accused of sexual misconduct.

WWE also revealed Wednesday that McMahon “went on medical leave after undergoing major spinal surgery.”

McMahon’s leave began July 21, and he will “remain on medical leave until further notice but will remain Executive Chairman” of WWE, the company said in its quarterly report to the Securities and Exchange Commission...More?

source:  cnbc.com

WWE Executive Chairman Vince McMahon on Medical Leave “Until Further Notice” Following Surgery

The WWE said in a footnote to a SEC filing that federal agents executed a search warrant and served a federal grand jury subpoena on McMahon July 17...More?


source: hollywoodreporter.com

WrestleMania Generated $215 Million For the Los Angeles Region

WWE continues to tout the success of its second quarter earnings. On Wednesday, the company announced that WrestleMania 39 generated $215 million in economic impact for the Los Angeles region. WrestleMania events spanned several days in the "City of Angels" with "WWE SmackDown," the WWE Hall of Fame induction ceremony, NXT Stand and Deliver, the two-night WrestleMania event, and "WWE Raw" the following Monday, plus other local events.

Applied Analysis conducted the economic impact study. With that being said, WrestleMania 39 broke the record from the year prior when WrestleMania 38 brought $206.5 million in economic impact for the Dallas/Arlington region in Texas. It was also noted in WWE's press release that WrestleMania events have generated more than $1.2 billion in cumulative economic impact for host cities since 2016.

Other statistics from the study found that out-of-town visitors stayed for an average of four nights in Los Angeles. More than half of the attendees came from outside of southern California and 15% of fans traveled from international markets.

WWE previously announced that WrestleMania 39 brought in $21.6 million in ticket sales, which was a 27% increase from the previous record and made it the highest-grossing WWE event of all time. They also sold 20% more merchandise than the year before. Night One drew 80,497 attendees, while Night Two drew 81,395 for a combined attendance of 161,892.

WWE Executive Chairman Vince McMahon Has Major Spinal Surgery

Vince McMahon, WWE's former CEO and current executive chairman, reportedly underwent a major surgical operation on his spine recently. According to TMZ, which cited sources close to McMahon, the procedure took place last week and lasted more than four hours. The outlet reported that the operation was considered successful, and that McMahon has been recuperating in the time since.

Wrestling Inc. reached out to WWE; a spokesperson said the company has no statement at this time but acknowledged that the facts of TMZ's report are believed to be true.

Happy Birthday Triple H

Paul Michael Levesque
July 27, 1969

Shawn Michaels Comments On Members Of D-Generation X Running WWE

Between Triple H serving as WWE's Chief Content Officer, Shawn Michaels heading up the "WWE NXT" brand, and "Road Dogg" Jesse James overseeing live events, D-Generation X's fingerprints can be found all over WWE's current product. In a recent interview with "Sports Guys Talking Wrestling," Michaels reflected on how far he and his former stablemates had come — from their days as rebellious troublemakers to being the adults in the room.

Michaels acknowledged that while trading in their olive, black, and green apparel for suits was still unfathomable, he and the rest of his DX teammates always had a penchant for the creative aspect of the business, and, as such, made a rather seamless transition to their corporate roles. "Even as degenerates back in the day, we had such a love and a passion for this stuff," Michaels admitted. He added, "Granted yeah, sometimes when it [our rebellious side] was unleashed, it could have been a little wild, and arguably, I don't know, controversial. But at the same time, it really was a deep-seated love and admiration for this business — and a passion for it." 

"And that's what it is now," Michaels continued. "We are now, thankfully, a lot more mature — and [have] grown up quite a bit. But I think there's still that little kid in us, that I know a lot of our athletes, a lot of our superstars, all appreciate because we make it fun. And we want it to be fun, especially here in 'NXT.' Granted, when you get to the main roster, it is serious business, as it should be — and it is here, too, but at the same time, I want this to be a fun experience," explained Michaels.

Michaels added that he wants "NXT" superstars to get the feeling of a "college experience" during their time in WWE's developmental brand. He elaborated stating, "We want them to learn what they're doing, but we also want them to fall in love with this and have fun with this job." "The Heartbreak Kid" feels that if these future WWE main roster superstars can accomplish this during their time in "NXT," that the future of WWE's business will be bright.

Triple H Says UFC Merger Slowed Down NXT Europe Plans

Triple H gave an update on their NXT Europe plans following Money in the Bank on Saturday. WWE announced last year the new brand would be coming in 2023 and speaking at the post-Money in the Bank press conference, Triple H said that the plans have shifted due to Endeavor’s purchase of WWE.

“It’s just slowed down the process I think,” he said (courtesy of Wrestling Inc). “At some point, end of the year, last year, whatever it is, we said in ’23 it would happen. Not having a crystal ball to see where everything was headed in that moment in time, obviously this transition with this merger with UFC with Endeavor and TKO, it’s changed the timeframe. But I think the intent is still the same.”

He continued, “I mentioned under the premise of WrestleMania and premium live events going global, we’re a global company. We’re looking to be everywhere. And I think … there are a lot of amazing talents here, internationally. And we’d love to explore that and give them opportunities to shine on the biggest stage possible and see what we can do with that. It’s just going to take a little bit of time.”

Natalya Received Six Guinness World Record Certificates

Backstage at Saturday's WWE Money in the Bank premium live event, WWE "Raw" Superstar Natalya received a total of six Guinness World Record certificates. Of course, Nattie reacted to the news via Twitter, noting that "wrestling is a singles sport that you can't do on your own.

"These kinds of stats paint the picture that I want for my legacy, long after I'm done. Each one of these records was attained while trying my hardest to build a division, not a person. That's what my family has taught me. Wrestling is a singles sport you can't do on your own," she tweeted.

The records include — Most WWE matches (female) with 1,514 matches, Most WWE wins in a career (female) with 663 wins, Most WWE PLE appearances (female) with 75 appearances, Most WWE WrestleMania appearances (female) with 8, Most WWE "Raw" matches with 174 matches and Most WWE "SmackDown" matches with a total of 200.

Natalya's first WWE match, according to Cagematch.net, was a Dark match against Victoria on the November 27, 2007 episode of "SmackDown." Since then Natalya has been a fixture in the WWE Women's roster. She has held the WWE Divas Championship, the "SmackDown" Women's Championship, and her most recent title was in 2021 — the WWE Women's Tag Team Championship. Nattie's last televised "Raw" match was on the June 5 episode, where she lost to Zoey Starks in a Money In The Bank Qualifying match. On June 30, she faced Rhea Ripley for the WWE Women's Title at a non-televised event.

Darren 'Droz' Drozdov Dead, Former WWE & ECW Star Died At Age 54

Darren 'Droz' Drozdov, who wrestling fans remember from his days in WWE and ECW, has passed away aged 54. The official statement from his family, which was obtained by WWE, reveals that he died this morning of natural causes.

While the news of Drozdov's passing is tragic, the statement focuses on the positive aspects of his life and what he accomplished. His family praised him for living each day to the fullest, despite being paralyzed from the neck down for the past 24 years. Furthermore, the family thanked his fans, friends, teammates, and colleagues for showing him support throughout the years while revealing that Drozdov wouldn't want people to mourn for him.

"Everyone who knew Darren was a better person because of it. He taught everyone so much about how to look at life: how to put things in perspective, how to overcome adversity, and how to show compassion for others. He would not want anyone to be sad at this moment and would want to this to be a celebration of his life, to be remembered for all the great things that he accomplished, the fun, the laughter, the great memories he shared with everyone."

Drozdov's wrestling career was cut short due to injury, but he did make an impression on WWE and ECW fans during the Attitude Era. Additionally, he was also known for his time in the NFL.

Darren Drozdov debuted in WWE in 1998, initially portraying a puking gimmick. During his tenure in Vince McMahon's company, he was primarily used as a mid-card superstar and tag team competitor. He once led a body piercing-themed stable that included Prince Albert and Vic Grimes. However, he is arguably best remembered for his stint in the Legion of Doom, which saw him take part in an infamous segment that culminated with Hawk being pushed off the Titantron.

Elsewhere, Drozdov had a short stint in ECW throughout 1997 and 1998. He was part of a stable that included Lance Wright, Brakkus, Doug Furnas, and Phil LaFon. They were presented as invaders from WWE who'd been sent to cause chaos in Paul Heyman's promotion.

Sadly, Drozdov's career was cut short following an accident in a match with D'Lo Brown on the October 5, 1999 episode of "WWF SmackDown." He landed on his head and broke two vertebrae in his neck, causing him to become paralyzed. However, as the aforementioned family statement notes, Drozdov continued to live his life to the fullest after becoming quadriplegic, and those who knew him praised him for his positive outlook.

Outside of wrestling, Drozdov played three seasons in the NFL for the New York Jets, Philadelphia Eagles, and Denver Broncos

WWE Media Rights Negotiating Windows With NBCUniversal & FOX Have Ended

A report from New York Post’s Andrew Marchand reveals the exclusive WWE TV rights negotiating windows for both FOX and NBCUniversal have closed for RAW and SmackDown. 

WWE is free to explore signing a deal with other networks and streaming platforms.

One of the leading streaming platforms expected to enter into talks with WWE is Amazon Prime Video. The likes of Apple and Warner Bros. Discovery may show interest but are not expected to make a play for the broadcasting rights.

In regard to traditional broadcasters, FOX and NBCU are still reportedly the favorites to retain WWE broadcast, but Disney has shown interest in WWE programming to air on FX but not ESPN, as ESPN "can’t guarantee a specific night of the week due to their rotating slate of games."

The report noted something very interesting, “One nugget I was told that may interest wrestling fans is that Warner Bros. Discovery does not have to stay exclusive to AEW. It would be something if it got in on WWE. But I don’t see it yet.”

XFL Loses Nearly $60 Million This Season

A group led by Dwayne ‘The Rock’ Johnson took ownership of the XFL from Vince McMahon last year and just wrapped up their first full season of the revamped football league. Reports from Forbes indicate that the league lost nearly $60 million this season.

The XFL was largely a football league intended to be for players looking for a path to the NFL. In fact, 67 players who played in the XFL this season earned invitations to workout for NFL teams and 22 of them signed actual contracts. The Arlington Renegades won the championship despite finishing the regular season with a losing record (4-6).

The Rock continues to be adamant that the XFL is not a ‘side hustle’ and there is a clear goal that he remains confident the league can achieve. The Rock said, “This is not just an endeavor that’s going to fill up a portfolio and one day we flip it and we’re out. This is legacy. This is the long game.”

Forbes further indicated that the league expects around $100 million in revenue next season. Nearly 25% of XFL income comes from ESPN, which pays the league $20 million per season for rights to air games on TV.

XFL owners, including chairwoman Dany Garcia, said that the league recently signed sponsorships with national brands such as Progressive and Under Armor. She said, “We’re extremely well-capitalized for the long-term. This is our new WWE. The next massive live property.”