There are significant rumors going around on the potential sale of WWE. The rumor is that WWE is being sold to the Saudis, and that WWE will go back to being a private company.
It was noted by Steven Muehlhausen that WWE sources say the company has been sold to Saudi Arabia’s Public Investment Fund, and that the company will go back to being private. Muehlhausen added that some people are speculating on a return to creative by Vince McMahon, who was named the Chairman of the Board earlier this afternoon.
Furthermore, Sean Ross Sapp and others have confirmed that the rumor is going around sources. It’s important to note how Sapp added that what he’s heard is not actual information to indicate the sale is happening past a few vague hinting messages coming from people outside of WWE, and that WWE contacts have claimed to not know what the hints were about.
Sapp reiterated that the “hot rumor” has Saudi buyers interested in purchasing WWE, and that the company will go private once the sale is done.
Several others, including Dave Meltzer and Bryan Alvarez of F4Wonline, have indicated that major news may be announced imminently. Cassidy Haynes of Bodyslam reported that the sale is done and WWE will be going private. It’s currently a little after 7am in the Kingdom of Saudi Arabia, so we could know something official soon, if the sale happened that quickly.
It must be noted that for now, this is strictly a rumor and should be taken as that until something is officially announced or confirmed by sources. Again, the Saudis purchasing WWE is just a rumor as of now.
The potential WWE sale could be similar to the LIV Golf organization, which is a professional golf tour that is financed by the Saudi’s Public Investment Fund, the sovereign wealth fund of the Kingdom. The golf tour is seen as an attempt by the Kingdom to improve its public image. The announcement on the Saudi’s involvement led to a lot of bad press for the golfers involved, but there was a lot of big money involved and as we know, money talks.
As we’ve noted, Vince recently returned to the Board of Directors to lead a sale of the company, and JPMorgan was hired to lead those talks. Stephanie McMahon announced her resignation this evening, and then it was announced that Vince was unanimously elected as the Chairman of the Board once again, with Nick Khan acting as the sole CEO. You can find our full coverage at the links below.
Stay tuned to WrestlingHeadlines.com for more. Below are links to some of our recent reports on the ongoing situation:
FULL COVERAGE OF THE VINCE MCMAHON – JOHN LAURINAITIS ALLEGATIONS AND FALLOUT:
– Update on the WWE Sale – Saudi Arabia PIF Rumors from Tuesday Night
– Major Rumors on a WWE Sale Making the Rounds
– WWE Names Vince McMahon as Chairman Once Again; Comments from Vince, Nick Khan, Stephanie McMahon
– Stephanie McMahon Announces WWE Resignation
– JP Morgan Gets Hired By WWE To Assist With Potential Sale
– Full Transcript from Today’s WWE Meeting Led By Stephanie McMahon, Nick Khan and Frank Riddick
– Backstage News from WWE Meeting, WWE Going Private Again?, Vince McMahon Notes, More
– WWE Holding Important Meeting Today, Wall Street Reacts to Vince McMahon’s Return to The Board
– Wall Street Reacts to Potential WWE Sale and Return of Vince McMahon
– Backstage Reactions to Vince McMahon Confirming His Plans for a WWE Return
– Vince McMahon Issues Statement and Details on Plans for WWE Return
– Vince McMahon Reportedly Planning WWE Return for a Major Sale
– Vince McMahon Scandal Hurt WWE’s Ability to Sell Sponsorships
– Backstage Talk on Vince McMahon’s Post-WWE Life
– WWE Says Vince McMahon’s Departure May Hurt the Company Creatively and Financially
– WWE Reveals $5 Million More In Payments Made By Vince McMahon
– Backstage Updates on WWE and John Laurinaitis, WWE’s Board of Directors Investigation
– Linda McMahon Comments on Vince McMahon’s WWE Retirement After Being Pressed By Reporter
– Vince McMahon WWE Stock Update, Vince’s WWE Ownership, Linda McMahon Note
– USA Network Looks Ahead to Big WWE Changes, USA on Fan Reactions to Triple H Taking Over Creative
– Top WWE Stars Jab at Vince McMahon’s Retirement on RAW
– What Triple H Promised to WWE Talents In Pre-RAW Backstage Meeting, More Backstage Notes
– Vince McMahon Facing Additional Investigations?, More on Vince’s Exit from WWE
– WWE Restates Financial Statements Due to Unrecorded Vince McMahon Expenses, Vince to Pay Money Back
– Backstage News on Brock Lesnar Working WWE SmackDown After Walking Out Earlier
– Stephanie McMahon and WWE Fans Send “Thank You” Message to Vince McMahon
– Read Vince McMahon’s Full Retirement Letter Sent to WWE Employees
– Brock Lesnar Officially Pulled from WWE SmackDown
– WWE to Replace Brock Lesnar at SummerSlam?, More on Lesnar’s Reaction to Vince McMahon’s Retirement
– Backstage News on Vince McMahon’s Retirement, Stephanie McMahon and Nick Khan’s New WWE Roles, More
– Brock Lesnar Reportedly Leaves SmackDown, Upset Over Vince McMahon’s WWE Retirement
– Vince McMahon Retires from WWE
– Triple H at WWE SmackDown, Backstage Talk on Triple H’s New Role, Bruce Prichard Update, More
– WWE Announces Triple H’s New Executive Role, Triple H Comments
– Netflix Reportedly Pulls Vince McMahon Project, Millions of Dollars Spent
– WWE Issues Internal Statement on Latest Vince McMahon Allegations
– Vince McMahon Reportedly Paid Millions of Dollars In “Hush Money” to Former Wrestler and Others
– News on Who Made the Decision to Name Stephanie McMahon as WWE’s Interim CEO & Chairwoman
– Stephanie McMahon Addresses Investigation Into Her Father During WWE HQ Meeting
– How Much Value WWE Has Lost Since Vince McMahon Scandal Broke, WWE Ratings Up Due to Buzz?
– WWE Now Facing Multiple Potential Class Action Lawsuits
– Vince McMahon Makes Surprise WWE RAW Appearance to Hype Big Return
– More Details On Vince McMahon’s Mood, Backstage Atmosphere At Friday’s WWE SmackDown
– Vince McMahon Opens Tonight’s WWE SmackDown, Video of the Segment
– Stephanie McMahon Sends Message to WWE Staff After Today’s Huge Announcement
– Vince McMahon Announced for WWE SmackDown
– Pat McAfee Reacts to Vince McMahon Allegations, Thinks We Will Never Get the Truth
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