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WWE Hoping to Sell the Company by the Middle of 2023 — Reports
WWE Hoping to Sell the Company by the Middle of 2023 — Reports
WWE has been the center of news in the professional wrestling world after Vince McMahon, who retired in July of 2022, officially returned to the company. McMahon reportedly returned to the company to pursue a sale of the company, while also reportedly hunting for a new media deal as well but wouldn’t agree to anything unless he was back in the company.
McMahon eventually returned to WWE’s Board of Directors which sparked a frenzy on social media, but what caused even more chaos was the reports that the company was sold to Saudi Arabia. There have been conflicting reports about whether the news is true or not, but nothing has been confirmed by the organization or McMahon.
When Will WWE Be Sold?
According to Dave Meltzer, WWE is hoping to be sold by the middle of 2023 and have hired JP Morgan to help with the sale of the company. Meltzer also reported that the media companies are reportedly just as much in the mix of buying the company as Saudi Arabia is.
However, if they want to go private, selling to Saudi Arabia is reportedly the only way to do so. WWE CEO, Nick Khan, was reportedly in Los Angeles on Monday for the college football title game meeting with some “heavy hitters.” Among those he met with were Bob Iger, Disney CEO, and Jimmy Pitaro, ESPN head, according to Meltzer. Furthermore, another company that’s still in the mix is Endeavor, owners of the UFC.
Khan is also reportedly running the company while McMahon is focusing on the sale of WWE.
