Real reason behind WWE releases. Several wrestlers have been released by the promotion in the last couple of months since Wrestlemania.
The WWE have released several superstars such as Aleister Black, the IIconics and Braun Strowman in recent months. This has led to speculation among many, including the talent, that the company is possibly gearing up for a potential sale down the line.
John Lauranitis reportedly told the locker room through a text that the layoffs were done due to budget cuts. This is the text he sent:
“Due to Budget cuts the following talent were released today: Braun Strowman, Lana, Buddy Murphy, Santana Garrett, Ruby Riott, and Aleister Black.”
This has now been corroborated by Dave Meltzer on the most recent Wrestling Observer Newsletter where he spoke about the possible motives behind the releases.
Real reason behind WWE releases
“The question with all the cuts week-after-week from a company making record profits is what is this all about? It led to rumors of a company sale. While WWE has denied a sale is imminent, remember that UFC outright lied to its employees and denied publicly a sale when they were in the process of selling. However, for such a sale, there are major companies involved, and banks involved in credit and while everyone involved would have to sign NDA’s, certain things would leak out and nothing has.”
“The budget cuts just seem to be a way to increase profits by cutting talent Vince McMahon had decided he had no use for any longer. Keep in mind that there will be expenses added in going on the road. While the Thunderdome set up cost considerably more than doing arena tapings, there is now going to be travel expenses, house shows (which have not been profitable prior to the pandemic) and other increased costs. So to keep profits at the level they’ve been and not hurt the stock price, cutting talent was the decision.”
“The reality is the company had signed up far more talent than it needed until last year to trying to keep people from AEW. The mindset is clearly different right now in that regard.”
WWE has come to terms on the releases of Braun Strowman, Aleister Black, Lana, Murphy, Ruby Riott and Santana Garrett.
— WWE (@WWE) June 2, 2021
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