World Wrestling Entertainment Chairman Vince McMahon is open to departing the company if he finds the right sale partner, WWE CEO Nick Khan told CNBC.Khan said McMahon has told the board he is "100% open to transactions" where he has no role in the company moving forward.Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.
McMahon's potential future involvement in WWE has become an early sticking point in preliminary talks with various buyers, according to people familiar with the matter, who asked not to be named because the discussions are private. McMahon is WWE's controlling shareholder. He developed the creative storylines for the professional wrestling league for decades, often taking part in narratives himself. Earlier this year, he stepped down as head of creative, handing the reigns to his son-in-law, former WWE superstar Paul "Triple H" Levesque. Khanin January when Levesque's wife and McMahon's daughter, Stephanie, stepped down as co-CEO.
"Vince has declared to the board he's 100% open to transactions where he's not included in the company moving forward," Khan said in a CNBC interview Friday.
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