Does WWE already have a deal made to sell?
by SIMONE BRUGNOLI | VIEW 336
In the last week, the news of a possible return to the top floors of WWE by Vince Mcmahon had resurfaced strongly, with the former Chairman still holding most of the shares in his company, which therefore makes him to all intents and purposes still the owner of WWE.
According to what was initially reported by the Wall Street Journal, the important newspaper that started the McMahon scandal, the former Chairman was plotting to return to power thanks to the support of some executives still loyal to him, to then sell the company.
After only a few hours, various official news emerged, including from the Stamford federation, which communicated to fans and shareholders how Vince McMahon is in fact back on the board of directors of the company that he himself contributed to becoming number one in the world, with the intention of capitalizing as much as possible on the sale of the same, together with two other former executives brought back in the saddle by McMahon.
After seeing the changes in the WWE Board of Directors, with the Chairman having returned to being Chairman in the last few hours, given the step back by Stephanie Mcmahon, who has resigned, it seems that for the sale of WWE it is now everything is ready.
Is WWE about to be sold?
After Stephanie's exit from WWE Chairwoman, the first news began to emerge online about who could actually buy the Stamford-based company in the short term, with Vince McMahon and Nick Khan having everything ready by now.
According to the well-known website Bodyslam, Saudi Arabia's public investment fund would be ready to acquire WWE, with the well-known overseas site reporting: "Inside sources have reported that World Wrestling Entertainment has sold the company to the Saudi Investment Fund.
Vince McMahon has been put back as head of the board of directors, with many under him believing it was done to allow Vince to sell the company. Now, the thing is becoming reality. Not only that, but the public company will now also become private under the new ownership." Vince McMahon commented on Stephanie McMahon's departure in a press release (via corporate.wwe.com) and thanked his daughter for her contributions to the company.
“First, I’d like to express my full support for Stephanie McMahon’s personal decision. I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE."