George Barrios

Leagues and federations, no teams by design.

George Barrios is back for round two, and this one goes where the first one didn't.

Why public markets don't demand different skills, just brighter light.

The three questions every management team should be able to answer to a six-year-old.

So I would love to do it again.

Yeah.

Thanks, George Barris.

Thanks for being our guest for round two.

Yeah.

Is that the pay-per-views, your best content, your playoffs, as George Barrios would say, went from, you know, having a $50, $60 pay wall in front of it to a $10 pay wall, and that let in a lot more people, and that had downstream effects, I would argue, onto attendance and onto TV ratings and-

Right

... onto other forms of engagement.

And there's a lot to hear when you actually put the piece together.

So there had been a hold-up involving what was described as a narrow disagreement between Vince and the attorneys representing Nick Khan, Paul Levesque, George Barrios, and Michelle Wilson.

Everybody had already agreed to the settlement itself, but they were trying to still work out what legal claims the defendants would give up against one another involving what ultimately pay, pay certain portions of the settlement and what the insurance covers.

So those filings never really explained the exact disagreement, but on August 24th, the attorney Ryan D. Stottman, representing Nick Khan, Paul Levesque, Barrios, and Wilson told the Delaware Co- Court of Chancery that the WWE affiliated defendants and TKO believed they had addressed those outstanding issues.

So we get the next development here, which is what broke today, is the actual s- actual stipulation of the settlement has been submitted to the Delaware Court of Chancery, meaning it's officially in front of Vice Chancellor J. Travis Laster for approval.

If he signs off, this will essentially bring the shareholder lawsuit over WWE's 2023 merger with UFC under TKO Group Holdings to an end.

So the settlement names Vince McMahon, Nick Khan, Paul Levesque, George Barrios, and Michelle Wilson as defendants, and the $1.47.5- $147.5 million headline sounds enormous, but that doesn't mean that the shareholders are just splitting the money amongst themselves.

Under the proposed terms, anyone who worked, or I should say anyone who owned WWE stock on September 12th, 2023, when WWE shared converted one for one in TKO stock could potentially be part of the eligible shareholder class.

Sounds like a very menacing, uh, group name for a future, uh, group.

And Dennis Palkin, um, as well, listed here with defendants Vince McMahon, Nick Khan, Paul Levesque, George Barrios, and Michelle Wilson, which is pending approval of the court, but a settlement agreement in principle which was made back on June the 5th for $147,500,000 in cash.

Stipulates in cash.

That's a lot of briefcases.