It has been a monumental week for the world of professional wrestling as the sale of WWE to Endeavor has been officially closed. This historic change has left the industry in uncharted waters, and one of the questions on everyone’s mind is who will be departing the company as a result. While it may not be directly related to the sale, we now have confirmation that WWE Chief Financial Officer Frank A Riddick will be leaving the company at the end of September.
According to PWInsider.com, Riddick’s departure comes just a day after he reportedly received a $5 million bonus due to the Endeavor takeover. As the CFO, Riddick was responsible for overseeing financial planning and analysis, investor relations, data analytics, and more. The news of his departure raises questions about who will succeed him in this crucial role within the company.
While it remains unclear whether Riddick’s departure is directly connected to the Endeavor takeover, the timing certainly raises eyebrows. It is unusual for someone to leave a company after receiving such a substantial bonus, but perhaps Riddick simply saw this as an opportunity to secure a significant payout and move on. Regardless of the circumstances, Riddick’s departure marks the first significant personnel change in the WWE office since the sale.
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As we navigate through this period of transition, many questions loom over the future of WWE under the Endeavor ownership. Will there be more personnel changes? Will wrestlers be cut? These are just a few of the uncertainties that the wrestling community is grappling with. Only time will tell how this new chapter in WWE’s history will unfold.
For those interested in exploring WWE’s financial journey over the years, Wrestling Rumors has compiled a collection of some of the company’s most significant financial moments. You can watch the video here.
Opinion: While it is unclear whether Frank A Riddick’s departure is directly related to the Endeavor takeover, it is certainly an interesting development. The timing of his exit, just after receiving a substantial bonus, raises questions about his motivations. Regardless, Riddick is the first notable departure from the WWE office, and it will be intriguing to see if others follow suit in the coming months.
What will the Endeavor takeover mean for WWE? Will wrestlers be cut? Share your thoughts in the comments below.
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You can find more from Thomas Hall at kbwrestlingreviews.com, or check out his Amazon author page with 30 wrestling books.
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