Former WWE Chairman Vince McMahon is currently awaiting the outcome of a federal investigation into former employee Janel Grant’s allegations of sexual assault, harassment and human trafficking, but in his time away from WWE, McMahon is reportedly starting a new entertainment company. On the latest “83 weeks“,” WWE Hall of Famer Eric Bischoff said he was baffled by the decision.
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“When I heard that, my reaction was, ‘Okay, but why?’ It’s going to be really tough … Harvey Weinstein, and I don’t mean to compare the two cases … people’s reactions to that kind of controversy are not good,” Bischoff said. The former WCW president doesn’t think people will want to do business with the disgraced boss. “You don’t even have to be very astute when it comes to business, PR or current events to understand that you have advertisers who will react … Just like a disaster.”
Bischoff says he’s willing to be wrong, but he doesn’t think there’s a big enough audience to make the endeavor work.
“Maybe there are people out there who just don’t care,” Bischoff said, noting that McMahon has bought, not rented, property in Santa Monica, Calif. “Santa Monica is not a cheap place to buy real estate, so if true, this is a pretty long-term play.”
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Two former WWE executives are already said to be joining McMahon in the entertainment company. According to the first news, McMahon and co. has no plans for the company to tackle professional wrestling, keeping him out of competition with Endeavor’s TKO Group Holdings, which currently consists of WWE, UFC and Professional Bull Riding.
