Vince McMahon is currently dealing with a sexual trafficking lawsuit filed by former WWE employee Janel Grant and at the same time, he is focused on launching his own entertainment company. It appears that McMahons announcement about the company will depend on the outcome of the ongoing SEC investigation into him.
While speaking onWrestling Shoot Interviews, Eric Bischoff was asked about any potential announcement from Vince McMahon regarding his entertainment company. Bischoff stated that from what he has heard, Vince McMahon is waiting for his legal issues to be settled, including lawsuits and the SEC investigation. Once those are cleared, Vince McMahon is expected to announce his plans for his company.
Bischoff also mentioned that the SEC investigation is being handled by the Department of Justice. Bischoff noted that changes in politics, like Trump possibly coming back to power, might affect the situation, but he isnt sure. He said its hard to guess because politics can be very unpredictable.
The federal lawsuit against Vince McMahon is currently on hold while the federal investigation continues, with a stay in place until December 11. As a result, it remains to be seen whether McMahon will announce his plans for his entertainment company once the investigation concludes.
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