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WrestleMania 39 was a massive success, leaving fans in awe of the matches and moments. However, the biggest shock came after the event when Vince McMahon, the CEO of WWE, decided to sell the company. Endeavor, the entertainment conglomerate, bought the company from McMahon, and he passed on his family legacy to Ari Emanuel, Endeavor's CEO.
Many fans and industry experts wondered why McMahon decided to sell the company. In an interview with CNBC, McMahon answered the question and explained his intentions behind his actions. McMahon said it was the perfect time to sell the company and called it the next evolution of WWE.
He mentioned that what Emmanuel is doing with UFC is incredible, and it would take him ten years to do the same, but he wanted it for the company right now, which led him to the decision.
Vince McMahon's Planned WWE Sale
McMahon's decision to sell the company came suddenly but reports about a potential sale had surfaced at the beginning of 2023.
In January, McMahon returned to WWE as the CEO and clarified that he was there to sell the company. A few days after his return, Stephanie McMahon, the co-CEO, announced her departure from the company. This announcement sparked speculation about potential buyers, but McMahon remained quiet.
The announcement of WWE's sale to the company that owns UFC surprised many fans and industry experts. The news left them speculating about the future of WWE and how the new owners would shape the company's direction. With the UFC's growing popularity and success, many wondered if WWE would shift towards a more combat sports-oriented direction.
Others speculated that the new owners might bring fresh ideas and innovations to the company. Only time will tell how WWE's new ownership will impact the world of professional wrestling. Despite the uncertainty surrounding the future of WWE, Vince McMahon's decision to sell the company marks the end of an era.
The WWE has been a family legacy for over 70 years, and McMahon's decision to pass it on to Ari Emanuel shows his trust in the new owner's ability to take the company to new heights.