Wrestling Roundup: January 31, 2020

The Wrestling Roundup is here to bring you all the news and rumors you need to know in one place.

WWE Co-Presidents Leaving Company

In big corporate news, WWE announced that Co-Presidents George Barrios and Michelle Wilson departed the company (h/t PWInsider). The announcement had a big effect on WWE stock prices, taking over a 20% hit. 

Stock price now $49.79, 20.5% drop in an hour

— Dave Meltzer (@davemeltzerWON) January 30, 2020

Without Barrios & Wilson in the fold, WWE is now looking for a new Chief Financial Officer and a new Chief Revenue Officer. The departure is rumored to be in part due to low quarterly earnings for the first three quarters of 2019. Fourth quarter and full 2019 earnings are set to be reported this coming Thursday, and may be more disappointing than WWE expected.

Hulk Hogan Scheduled For Next Saudi Show

A show that a lot of fans don’t want to see gets a name that a lot of fans don’t want to see again. PWInsider is reporting that Hulk Hogan will be at the next Saudi Arabia show at the end of February. Hogan was present at the last Saudi show as the leader of a team in a five-on-five tag team match. What his role would be is yet unclear.

Update on MVP in WWE

A pleasant surprise during Royal Rumble weekend, MVP came back to WWE. On Monday Night Raw, he battled Rey Mysterio in a losing effort. Does this mean MVP is back in WWE for the long haul? Not according to him.

People keep asking me about the "deal I signed" with WWE. I never signed a deal. I came back so that my son could see me wrestle in person and for him to see me wrestle his favorite wrestler.
As usual the industry leeches are reporting misinformation as fact.😂😂😂
Idiots.

— MVP (@The305MVP) January 30, 2020

In talking to Corey Graves on the After The Bell podcast, MVP talked about transitioning to a backstage role soon (h/t ProWrestlingSheet). He also noted that his match with Mysterio was his last match on Instagram. If that means he will immediately be moving backstage as a producer or agent yet is unseen, but his knowledge of wrestling will be beneficial to all backstage.

One for the Road:

The Hitman is dealing with basal cell carcinoma, the most common form of skin cancer, according to Fightful. Best wishes to Bret Hart for a speedy recovery.

Bret Hart Reveals Skin Cancer https://t.co/2BlDE89f3R

— Fightful Wrestling (@FightfulWrestle) January 31, 2020