Jericho – a six-time world champion – snubbed WWE as he decided to sign up AEW (All Elite Wrestling), a new wrestling promotion being bankrolled by Fulham boss Tony Khan.
He defeated Kenny Omega in AEW’s first ever main event at their show Double or Nothing last week.
Y2J has now revealed how McMahon reacted to him signing up for AEW – a move which has helped ignite what may become a new wrestling war with WWE.
The 48-year-old said he doesn’t think McMahon realised how big AEW would become.
And he revealed he had a long chat with McMahon about it and the boss was “agreeable”.
“It’s something that maybe he might think differently about now. ”
Speaking on ESPN, Jericho said: “Vince knew about [AEW] the whole time. I didn’t just show up in AEW and say, ‘Here I am, guys.’ It was a conversation that we had, we discussed it and both of us agreed.
“He was happy for me for taking the contract and I was happy to take it.”
He added: “I wonder, in retrospect, if he realizes just how much of a juggernaut AEW is going to be. And that was sparked by Jericho’s signing.
“So it’s something that maybe he might think differently about now.
“But at the time, he was very happy for me and very agreeable to me going and taking this chance.”
AEW is the brainchild of ex-WWE star Cody Rhodes – son of the “American Dream” Dusty Rhodes – and his pals Omega and The Young Banks.
It is already positioning itself in direct competition to WWE, with Rhodes taking open shots at the world’s biggest wrestling firm at Double or Nothing.
He smashed up a throne resembling the logo of WWE boss Triple H during his entrance.
The new firm has also signed up wrestling legends such as Jim Ross, Dustin Rhodes and Billy Gunn.
And in a massive coup, ex-WWE star Jon Moxley – formerly known as Dean Ambrose – made a surprise debut to attack Omega at Double Or Nothing.
Jericho also revealed he had a “great relationship” with Vince before signing with AEW.
He said: “I also had 19 years [in WWE], 10 of them as a legit main-event, top-level performer who had the trust of Vince to at least try different things.
“Now, a lot of my ideas he didn’t use, a lot of my ideas he did use.
“But at least I knew what the story was and he knew where I was coming from and vice versa.”
Jericho claimed WWE talents have also been reaching out to him over his most recent Talk is Jericho podcast.
Y2J chatted with Moxley on the show, with the ex-WWE wrestler revealing his frustration with McMahon and the creative process.
The legend said: “I have heard from a lot of people who are working there saying, ‘I can’t wait to do my version in X amount of months’.”
And Jericho was also quizzed on whether WWE legend CM Punk – who also quit the company due to frustration – would sign up for AEW.
He said he was unsure whether The Best in the World would ever return, but said “it all depends what Punk wants to do”.
AEW’s first show allegedly had McMahon “ungodly furious” after WWE wrestlers started tweeting about the show.
Wrestling fans have long been hopeful for a real rival to emerge to WWE to recreate the creative boom period of the late 90s.
WWE famously engaged in the Monday Night Wars with billionaire Ted Turner’s WCW.
The feud saw both shows go head-to-head with WWE Raw and WCW Nitro every Monday night to compete for ratings and wrestlers.
Grapplers would often jump ship between the two companies, and wrestling reached its peak popularity with stars like The Rock and Stone Cold Steve Austin.
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