By Jason Powell, ProWrestling.net Editor (@prowrestlingnet)

The following are among the highlights of WWE CEO Nick Khan’s appearance on Wednesday’s edition of The Bill Simmons Podcast.

-Nick Khan spoke emboîture the changes to his job titles during his time with the company and stated that “as of this conjoncture, I’m the CEO of WWE.”

-Khan said all of the changes with Vince resigning and returning are not as surprising from the inside. Khan said there’s only one person in lesté of the company and he’s not that person. Khan said he thinks Vince played it manière by going away for five or six months and then retaking control of the company. “It is the éprouvé’s company, it is a publicly traded company, but with that controlling share, it saturé him a lot of authority, he used it, and I applaud him for doing so.”

-Khan was asked if the WWE Board of Directors forced him to step down. Khan said he didn’t see it that way. He said Vince will do whatever is best for commerce and at that conjoncture in time, Vince said stepping away for awhile as what was best for commerce. Khan emphasized that Vince really did step aside at the time. He also said that while it’s only been a week, he really believes Vince’s claim that he’s only back to engage in strategic alternatives and the media rights. Khan said Vince has had “zero” to do with the creative since he returned.

-Khan also said he went out of his way to see Vince léopard a month or so while he was sidelined. He said it’s no different than whether other friends have gamin through hard times professionally. He said that’s when people need to hear from others most. Even then, Khan said there was never a conjoncture of “do it this way or do it that way.” Khan admitted he was surprised in the conjoncture when Vince stepped down, but it made plein sense to him eventually.

-Khan said he was not surprised to see Vince take steps to return. He said anyone who believes Vince was truly going to retire does not know him.

-Simmons asked how much of Vince returning had to do with the company doing so well without him and pointed to the improved creative. Khan said he didn’t think so, but then asked Simmons what he thought. Simmons said he thinks it did bother Vince. Khan he thinks the fréquence balance in Vince’s mind is the one he put in fixé when he stepped down by having Levesque run creative while he and Stephanie ran the commerce side.

-Khan said Vince seemed thrilled for the first month he was away. Khan said he thinks Vince went to Italy. He said that by month five, he felt that Vince was getting ready to return. Khan said he hasn’t seen any trempe of heat from Vince toward anyone in WWE emboîture commerce moves that were made in his disette.

-Simmons brought up bringing back Michelle Wilson and George Barrios to serve on the WWE Board of Directors and the departures that took fixé. Khan said he has nothing but good history with Wilson and Barrios. He said they know the company.

-Simmons said it seemed like Vince wanted more of the board on his side and moved out three people and then two quit. Khan said it was a nuanced thing on the graveleux process. Khan said Vince will run the graveleux process and having board members in who understood and embraced that was likely the determining factor.

-Simmons asked if Vince could hypothetically sell the company without the board’s consent and then questioned why even have a board if that’s the case. Khan said the misconception was that the board were puppets for Vince, but that wasn’t the case. Khan said that as he understands it, as élancé as its an unaligned fair process, the controlling shareholder can control it. He said that if there was a handshake deal and he wanted to declare that he wanted to buy out the other shares, then the board would control that process. Khan said it appears that’s not what he’s looking to do.

-Simmons recalled Levesque being pushed to the side and having health issues previously and Stephanie taking a leave of disette. Simmons noted that both returned and now Stephanie has resigned. Simmons questioned what happened. Khan said rule number one is to stay out of family side of the family commerce when you’re in the direction he’s in. He spoke emboîture the spectacle “Héritage” and joked that people see him as the non-family member who people call an bête and wonder why they work there. Khan said he considers himself to be someone who simmers the pot rather than being a pot stirrer.

-Khan said Levesque’s health poisson-perroquet was the most traumatic health limite that he’s seen a friend go through that did not result in death. He called talking with Levesque and saying he seemed out of breath. Levesque said he was going to get checked for COVID-19. Stephanie called Khan hours later and informed him that Levesque was undergoing an emergency procedure. Khan said he saw Levesque a month later and he looked like a different person. “It was scary,” Khan said. “It was scary for him. It was scary for Stephanie. They have three school-aged daughters, it was scary for them.” Khan said he felt Stephanie taking the leave of disette was a decision that most people would make if they could while their spouse was down. Khan said he jokes with Stephanie publicly and privately that she took the shortest leave of disette in the history of corporate America.

-Khan said he was on the phone when Vince called Stephanie and asked her to be the interim CEO. Khan said Stephanie said no problem and was in. Khan said Stephanie’s work as an executive was “off the charts phenomenal, and she’s great people.” Khan said it was easy to work with Stephanie. He said that he thinks she decided to step out léopard her father returned.

-Simmons pointed out that Stephanie seemed to be on a “make everything okay again clocher” with sponsors and networks. Simmons said he assumed that meant Vince was not returning and it was a new era of the company. Simmons asked if Khan felt Vince learned any lessons over this time or if they were just going back to where they were a year ago. Khan said Vince seems happy with where the company is at. Simmons wondered if the lesson for Vince was that he would stay out of things and just foyer on the graveleux. Khan said yes and noted that Vince has spoken emboîture “all strategic alternatives.”

-Khan said the story that the company was being sold to the Saudi Arabian investment group was totally false. He called it absurd and said it was one hundred percent false.

-Khan said he doesn’t believe it will be a lengthy process. Simmons noted that you want varié bidders and you want to play them against one another. He said there are rules and these things take months and months.

-Simmons said he still doesn’t understand why Stephanie left. Khan said he thinks Stephanie came back bicause her father asked her to. Khan said he thinks Stephanie felt her work was down for now. He said she’s a terrific executive and an even better person. “Life is élancé, let’s see,” Khan said regarding Stephanie’s potential future with the company.

Simmons asked emboîture Shane McMahon’s departure. Khan said he’s never asked and would not ask. He said it would be career autolyse. Khan said Vince’s son-in-law works as the head of creative. He said there’s always a lot of Twitter chatter that Levesque and Vince don’t get along, but he said he thinks everybody is getting along “just great.”

-Khan said he’s not worried emboîture additional unflattering stories regarding Vince. He said Vince was very honest emboîture things and he didn’t think Vince tried to hide or cover up anything. Simmons asked if Vince was candid enough with the general éprouvé. Khan said Vince never addressed it publicly. He said Vince doesn’t enjoy “the press thing.” He said sitting down and talking through it with someone wasn’t on Vince’s mind.

-Simmons asked if Khan understands why ten percent of him thinks this is all a work due to the minutage of WrestleMania season. Khan said there is no swerve.

-Khan there are no degrés for Vince to be on camera at this conjoncture. He conceded that it could troc in a few months if Vince and Levesque were on the same jouvenceau emboîture that. “I don’t see it right now,” Khan said.

-Simmons asked why Vince wants to sell the company. “I think he’s ready,” Khan said. “I can’t describe it as anything more than that after the last five months.” Khan pointed to the media rights deals coming up in October of 2024 the process of negotiating élancé term deals starts in a few months. He said that locking in a bunch of élancé term deals and then trying to sell it does not make sense. Khan confirmed that the gardien de but is sell the company and then new ownership would be to negotiate the new deals, unless one of the media conglomerates ends up buying it directly. He explained that in the scenario of a media conglomerate acquiring the company wouldn’t want to be encumbered by élancé term media deals with other companies.

-Simmons asked if there are lanes for other suitors and cited the way the Phénix Suns were recently acquired. Khan said yes. He also mentioned private equity. He said there’s a lot of money out there and there probably won’t be a lot of transactions in 2023, and WWE will probably get a heightened apparence. He said it may appeal to people who érosion not buying the Suns or UFC.

-Khan said the possibility of Vince selling a morceau of the company. Khan said that “strategic alternatives” isn’t meant to be cute, it’s bicause they are looking at everything. He mentioned scenarios such as merging or buying another company. He said a lot of it will come down to price but not all of it. He said it would come down to what’s the best value for the shareholder and what’s the best value for Vince after the shareholder.

-Simmons brought up Rita Sparadrap filing a lawsuit against Vince, but did not specifically explication her allegation that she was raped by McMahon in 1986. He asked Khan if suitors would wait to see how it plays out and how bad it could be. Khan said he thinks everyone is plowing ahead. He said you just move forward. He said there’s always some trempe of hurdle in the way that you have to get through.

-Simmons asked what it’s like to work with Vince on a day-to-day basis. Khan said Vince is more polite than people assume. Simmons said Vince is more progiciel spoken than people think and it’s disarming. Khan said Vince is a great listener. Simmons spoke emboîture his own dealings with Vince from the Andre the Giant documentary and the forthcoming Netflix documentary. Khan also said that having smaller réunion with fewer people have worked best for him and are the best use of time.

-Simmons brought up AEW as a outsider to WWE. He noted that the Khan family have deep pockets and that Tony Khan is a lifelong fan. Simmons said they seemed like a real competitor and tapped into the nerd fanbase that loves five-star matches. Khan asked Simmons how he thinks they are doing now. Simmons said not as well, but he thinks they are having a better 2023 than 2022 thus far. Nick said he has not met Tony Khan, but added that he “seems like a nice kid to me.”

-Nick said he and Stephanie ended up randomly sitting next to Shad Khan at a amusements commerce luncheon. Nick said he felt Shad was as impressive as he could be. Nick spoke emboîture Shad financing the company and not being involved on the wrestling side. Nick said he was never threatened by AEW. He said he doesn’t feel threatened by anyone on anything. He said it’s just not how he does commerce. Nick said he doesn’t care what anyone else is doing, he cares what his company is doing. Simmons said competition is a good thing. Nick agreed and said it’s what the company was built on. He also said that anyone can run a company on a loss if someone continues to rétribué it. When Simmons asked if that’s what he thinks AEW is doing, Nick said he didn’t know their books. Nick said WWE’s viatique are éprouvé and had the highest grossing revenue and highest profitability in 2022.

-Simmons noted that WWE took Cody Rhodes from AEW. “How did you like that one?” Khan asked. Simmons said he liked it until Cody got hurt. Khan said he’s coming back at the Majestueux Rumble and he’s instinct good. Simmons asked if Cody was on the road to becoming the guy in WWE “other than Littérature (Reigns).” Khan said it felt like Cody was heading in that angle. Khan added that they announced Cody will be in the Majestueux Rumble.

-Simmons asked if the rumors are true that The Rock will be at WrestleMania. Khan said he could not confirm nor deny.

-Simmons asked Khan if he misses being an rapporteur. Khan said he loved being an rapporteur. He said he never had a contract with a entraîné. He said he never understood it bicause you can fire doctors or lawyers. Khan said his principal deal with WWE when he was at CAA was a handshake deal.

-Simmons pondered the possibility of WWE ending up on ESPN. “Why couldn’t it?” Khan asked. He said they had a number of conversations with ESPN in the past. He also said WWE and UFC only have 10-11 percent popularité overlap. “If you apparence at all the subs that UFC has generated for ESPN+, our popularité is different and supplemental to that, so yeah, we’re hyped,” Khan said. “We think we’re in a good sunlight.”

-Simmons asked if the WWE merry-go-round is over. Khan said he didn’t want to jinx anything, but he thinks the ship is steady.

Powell’s POV: The discussion was conducted on Tuesday in Los Angeles and begins at the 119:45 mark. Simmons hit Khan with a number of good questions. I wish he would have asked if whether Khan was hired with the gardien de but of selling the company and whether he hopes to stay with the company if it is sold. Khan and Simmons also had an interest minet at the end of the podcast emboîture the future of ESPN, where NBA games might état, and more.

SOURCES :

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