WWE Suffering From Major Budget Cuts - Reports

Brush Stroke By: Omkar Banerjee Image credit: WWE and Twitter

[{"selector":"#anim-2ebb061b-ef59-4a72-8ecb-b0693c916610 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-17.382639388222245%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f4ad63cd-ee6f-4dd4-af8d-02887657ae24","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1dea970c-d280-4388-9565-2c70dcee005e","keyframes":{"transform":["translate3d(0px, -422.01385%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Vince McMahon has returned to the Executive Board of Directors of WWE. It is rumored that Vince has returned to head the sale of the company.

[{"selector":"#anim-54786800-8ba3-4b3a-a880-b656b7738778 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(17.587141028083682%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9e57241f-94da-4b36-9742-d64ec3f5cff7","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2dd047e0-0347-4a70-90d3-f3a4a90d1c36","keyframes":{"transform":["translate3d(-119.67213%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Stephanie McMahon, the former Chairwoman and Co-CEO of WWE, has resigned with the return of her father Vince as the Executive Chairman of WWE.

[{"selector":"#anim-b13c1edb-669a-41fb-8e22-2b1cf8b29e70","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34ac88ef-a517-44ef-9d76-379d22bc73de","keyframes":{"transform":["translate3d(-122.02797%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a94fd9b-7726-43ad-a40f-4f248ee7e2df","keyframes":{"opacity":[0,1]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-214f3272-fd94-42b9-bc23-35b0ace48f53","keyframes":{"transform":["translate3d(-158.51529%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de20c64b-73ec-42c1-8d9d-6f0bf22dac91 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] As per Dave Meltzer of the Wrestling Observer, WWE has released Senior Vice President of International Matthew Drew in order to cut costs.

[{"selector":"#anim-f80cd9bb-2f29-4c1a-b1ed-ddede8125b79 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-20.8511029844937%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-66f9446b-7520-4ecb-85cf-16c199e01c1a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fee9b2e-1f45-4704-a1c9-fec289997f88","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbbcb493-adb4-49c3-b69a-0389fae2fbdd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46da3dc9-7d63-4681-8e03-c64bbae17140","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] It is rumored that companies like Disney, Amazon, and the Saudi Public Investment Fund are interested in buying WWE. Circled Dot

[{"selector":"#anim-c20e8f3d-18f5-41e1-97eb-6d7b28938766 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-11.656593472101967%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4504da3f-4c60-4a7b-a45d-f0e4931e5175","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e417504c-999e-40b6-8b06-1940fefa3513","keyframes":{"transform":["translate3d(0px, -489.2914%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Drew is not the only employee released after the return of Vince McMahon; there are many from the corporate team who have been released from WWE.

Matthew Drew was hired by WWE current Chief Executive Officer Nick Khan in 2021.

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[{"selector":"#anim-32225271-d530-4e37-8338-411a98efb7fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3de03ac0-1f74-4b47-b9d2-f28c9f59f670","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d37eab3-6525-42e2-bfd4-1b8377046c8c","keyframes":{"transform":["translate3d(-118.21191%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ca8e6d3-0dfc-4e9f-884e-264d2cdfc55b","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-dae805ba-12bc-4326-9f6d-dafa777eb1dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.3416149014861283%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Dave Meltzer also mentioned," ...The belief is that these cuts are being made to lower the costs to get the company ready for a sale. Matthew Drew, who was the Senior Vice President of International, was the biggest name let go.''

WWE Suffering From Major Budget Cuts - Reports

Matthew Drew was hired by WWE current Chief Executive Officer Nick Khan in 2021.

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