WWE Sale Latest: Vince McMahon Now Being SUED By Shareholder

The returning Executive Chairman Of The Board is already in some legal hot water.

Stone Cold Steve Austin Vince McMahon
WWE.com

Vince McMahon has had a class action complaint filed against him by a WWE shareholder following his surprising and controversial return to the organisation.

Plaintiff Scott Fellows is a Class A stockholder, and filed suit on Tuesday, claiming that McMahon had abused his power as CEO and made (h/t Post Wrestling) “invalid and inequitable bylaw requirements that would hamstring the board from making critical business decisions. It later adds that it could include, beyond Fellows, "thousands of WWE stockholders scattered throughout the United States.

It goes on to add further claims of abusing his CEO power by sexually harassing women inside and outside of WWE, listing the recent Wall Street Journal 2022 allegations alongside Rita Chatterton's own 1992 accusation that McMahon raped her in a limousine in 1986.

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It's the latest in a series of dramatic and chaotic behind-the-scenes events within WWE's ever changing boardroom. McMahon was reinstalled as Executive Chairman Of The Board of WWE following Stephanie McMahon's shock resignation as Chairwoman on January 10th. This itself occurred just days after McMahon was voted back onto the board after he engineered a return from his July 2022 retirement/resignation. There has since been rampant speculation that WWE is to be sold in the very near future, though all-but confirmed stories of a successful bid from Saudi Arabia's Public Investment Fund.

The full suit can be viewed here courtesy of Bloomberg Law.

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Michael is a writer, editor, podcaster and presenter for WhatCulture Wrestling, and has been with the organisation over 7 years. He primarily produces written, audio and video content on WWE and AEW, but also provides knowledge and insights on all aspects of the wrestling industry thanks to a passion for it dating back over 30 years. As one third of "The Dadley Boyz", Michael has contributed to the huge rise in popularity of the WhatCulture Wrestling Podcast, earning it top spot in the UK's wrestling podcast charts with well over 50,000,000 total downloads. He has been featured as a wrestling analyst for the Tampa Bay Times and Sports Guys Talking Wrestling, and has covered milestone events in New York, Dallas, Las Vegas, London and Cardiff. Michael's background in media stretches beyond wrestling coverage, with a degree in Journalism from the University Of Sunderland (2:1) and a series of published articles in sports, music and culture magazines The Crack, A Love Supreme and Pilot. When not offering his voice up for daily wrestling podcasts, he can be found losing it singing far too loud watching his favourite bands play live. Follow him on X/Twitter - @MichaelHamflett