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After Stephanie Mcmahon's exit from the scene as WWE Chairwoman, which took place in the past few hours, the first news has begun to emerge online about who could actually buy the Stamford-based company in the short term, with Vince McMahon and Nick Khan who would now have everything is ready, after the permanent return of the historic Chairman.
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 which in fact reported the following words several hours ago, with everything that has not yet been confirmed from anyone in WWE: "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 recently released a press release expressing his desire to return to the company as Executive Chairman.
WWE is changing again
According to what was stated in the last few hours by the well-known Dave Meltzer of the Wrestling Observer, it seems that with the closure of the agreement between WWE and the Saudi public investment fund, many WWE employees could lose their jobs, with all the crew and employees of the offices that are now praying that the deal blows.
In his latest update, Meltzer said: "WWE without the right commissions, it doesn't even come close to what it has now. But, without a shadow of a doubt, maybe Vince is sure, that he will be able to have some connections there too.
Maybe he's already talked to FOX and NBCU and they've assured him everything's fine. I don't think he's canceling the deal now. It's a very problematic company at this point. There will be massive job losses." Vince McMahon allegedly didn't like the talent he released during the pandemic, alleges a WWE employee as per a recent report.
"I can't count how many interviews I've read or people I talked to outside of the company that said 'Vince liked me, but I got fired,' He didn't like you, he didn't like any of them he fired or they wouldn't have been fired during a pandemic," one concerned higher up said.