LATEST: Saudi Arabia Purchasing WWE From Vince McMahon
Vince McMahon is at the center of the professional wrestling and business world. It all started last year when Mr. McMahon announced his retirement from the WWE, following sexual harassment allegations made against him in the past. Recently, there were rumors of Vince McMahon making a return to WWE, and shortly after they became true. Mr. McMahon returned to the WWE on the Board of Directors. Upon his return, his daughter and Co-CEO, Stephanie McMahon, announced her resignation from WWE. Now former Co-CEO, Nick Khan, is the solo CEO of WWE.
Vince McMahon reportedly returned to WWE in order to pursue a sale of the company. Reportedly, he wouldn’t look into selling WWE unless he was back in the company. There has been a lot of speculation on who will buy WWE. Well, there have been a lot of conflicting reports about whether or not WWE was sold to Saudi Arabia’s Public Invest Fund. So here are the latest reports on the sale of WWE.
Did Saudi Arabia Purchase the WWE?
Saudi Arabia’s purchase all began from some vague tweets, including one from Bryan Alvarez. Once the frenzy began online many other sources chimed in to report that WWE did in fact get sold to Saudi Arabia. Cassidy Haynes of Bodyslam.net also reported WWE was sold to Saudi Arabia. This caused wrestling Twitter to erupt on Tuesday night. But as the hours went on, conflicting reports arose.
According to Ariel Helwania, WWE has not been sold to Saudi Arabia Public Investment Fund, contrary to previous reports. TMZ also reported the same thing that the deal is reportedly not done. According to Fightful Select, WWE writers and members of the production team have reportedly not been told of a sale yet. Fightful Select also reported that reportedly no WWE talent has been made aware of a sale, but one talent did reportedly tell them that if WWE is sold to Saudi Arabia, they will ask for their release.
The Issues With Saudi Arabia Buying WWE
It is important to remember that these are all reports and that nothing has been officially announced nor confirmed as of yet. Jimmy Van of Fightful brought up some potential issues with WWE getting a new media deal if they were to be bought by Saudi Arabia. He brought up how LIV Golf, Owned by Saudi Arabia Public Investment Fund, still has no media deals. LIV Golf started last year and has some of the biggest names in golf attached to it, and they still can’t get a media deal. So there potentially could be some issues with WWE getting a media deal if they end up being bought by Saudi Arabia.
This story is constantly evolving so stay up to date with our website for the newest details surrounding the sale of WWE.
