If the company gets sold, McMahon would receive millions of dollars on top of his multi-billion dollar stake, plus the rights to make TV shows or movies about himself.
When a public company gets sold, and a senior executive gets shown the door after the sale, it’s common for them to receive a generous severance package .
McMahon’s new contract runs for two years , with the right to be extended in one year increments after that. However, the company is on the market, and may get sold this year. WWE CEO Nick Khan told CNBC last month that McMahon is “100 percent open” to selling to a company that decides it doesn’t want to keep him around.
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