Jeff Jarrett On The McMahons No Longer Having Majority Ownership Of WWE

WWE Hall of Famer Jeff Jarrett, who is also All Elite Wrestlingโ€™s Director of Business Development, took to an episode of his โ€œMy World with Jeff Jarrettโ€ podcast, where he talked about a number of topics including how Vince McMahon and The McMahon family are officially no longer the majority owner of WWE.

Jarrett said, โ€œToday is the first day that the wrestling business can no longer say itโ€™s a family business. The McMahons were truly the last of the territories. Yes, they grew and went national, then went global, then went public, but at the end of the day, itโ€™s the last territory. On Christmas, or Thanksgiving, or Holidays, whether the McMahons sat around the kitchen table or not, it was still a family run business. Change is in the air, and it always happens that way. As much change that has taken place coming out of the pandemic, you just look at our industry and I think 2024 โ€” the business will continue to rapidly change in multiple ways, and what an upswing itโ€™s been on.โ€

Jarrett also talked about how something like this could be incredibly beneficial for the industry and can bring in more opportunities.

โ€œItโ€™s the only mindset. We could come up with so many old sayings, but I donโ€™t think old sayings get to be old sayings unless theyโ€™re true. You canโ€™t walk through a new door unless you leave the old door. Itโ€™s impossible to climb the mountain top unless youโ€™re in a valley. Change is inevitable, good things happen. Nothing happens if you donโ€™t take action, take massive, radical action. You gotta shake the bushes, try to make something happen, have some patience here and there. Thereโ€™s so much opportunity.โ€

You can check out Jeff Jarrettโ€™s complete podcast in the video below.

(H/T to Fightful.com for transcribing the above quotes)