The first public acknowledgment by a major insider of the staged nature of professional wrestling came in 1989 when World Wrestling Federation owner Vince McMahon testified before the New Jersey State Senate that WWE wrestling was not a competitive sport.
Who is the real owner of the WWE?
Vince McMahon is chairman and CEO of entertainment company World Wrestling Entertainment (WWE), which hauls in nearly $1 billion in annual revenue. A third generation wrestling promoter, McMahon grew up in a trailer park in North Carolina and joined his father’s small wrestling company in 1972.
