Shane McMahon out of WWE, in to MMA?

by Mike Chiappetta | source:

Shane McMahonShane McMahon, son of WWE CEO Vince McMahon and himself the company's executive vice president of global media, has resigned from WWE effective Jan. 1, 2010.

McMahon, who helped launch the company into new international markets and headed its publications division, announced the move via a company press release.

While the direction of his future business career is uncertain, the world of mixed martial arts could be a possible landing spot.

A longtime fan of the sport, McMahon has attended several UFC events in person. In the early part of the decade, the WWE had at least a passing interest in buying the then-struggling UFC. In more recent years, pushed by Shane McMahon, the WWE had preliminary internal talks about getting involved in MMA, though no projects ever came to fruition.

In 2007, the UFC surpassed the WWE in pay-per-view revenue and has widened its lead ever since.

Saying he had previously "never even considered a future outside the walls of WWE," the 39-year-old McMahon made no specific mention of any plans once he leaves the company, simply saying, "I feel this is the opportune time in my career to pursue outside ventures."

On a story on the company's website to announce the move, Vince McMahon said, "Even though I am personally saddened by Shane's decision to leave the company, I am proud of the enormous contributions he has made. He will unquestionably bring passion, commitment and extensive business experience to any endeavor he pursues."

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Recent Comments »

EPGScott site profile image  

10/20/09 3:48 AM by EPGScott

this is from another wrestling news site, latest on Shane McMahon leaving WWE is that it is legit, and not a storyline. WWE issued a press release on their corporate website, which gives the departure more creditability that this in fact true.There is no word on why Shane left the company. Vince has come down hard on his son over the past several years and it could have played a part. It could also be possible that he wanted to pursue other interests. Shane is a huge mixed martial arts fan and has tried to convince his father to get involved in the market a few years ago. He could join an existing MMA promotion or launch his own company.Most within the company seem to think Shane left so he can join his mother Linda McMahon during her U.S. Senate campaign, and to avoid upsetting WWE's shareholders while helping with the campaign. "Unless he's going to fund a vanity venture, all signs point to him helping his mother (with the campaign)," said one former WWE employee. "She needs some backup."

EPGScott site profile image  

10/20/09 3:42 AM by EPGScott

rumor is Zuffa wants to sell 10-15% stake (sherdog story) so who knows..... id love to see him or cuban involved

nowaydo site profile image  

10/17/09 7:31 PM by nowaydo

Shane=MMAWatch ;)

Chocolate Shatner site profile image  

10/17/09 12:50 AM by Chocolate Shatner

Yeah, but Shane I think has a bit more humility, and isn't batshit crazy to boot.

Wiggy site profile image  

10/17/09 12:46 AM by Wiggy

Will shane be able to succeed at something outside wrestling, though? As good as Vince is, he's been unable to do so...

Chocolate Shatner site profile image  

10/16/09 7:43 PM by Chocolate Shatner

Well, at least Kane might win the occasional PPV match now.

ArtV site profile image  

10/16/09 7:17 PM by ArtV

 LOL I will actually miss him.

Squared Circle site profile image  

10/16/09 1:47 PM by Squared Circle

 He's finally going to rebuild WCW.  He bought it, remember?

Beezulbubba site profile image  

10/16/09 10:57 AM by Beezulbubba

TNA bound.

TtoMyJ14 site profile image  

10/16/09 10:00 AM by TtoMyJ14

 So I guess this means Steph and Triple H are  going to run the show now when Vince steps down. RIP WWE.