WWE Hires Outside Advisors to Help with Sale Talks, Vince McMahon Comments

(Photo Credit: WWE)

WWE just announced that they have hired The Raine Group as a financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor as they pursue a sale of the company.

“WWE today announced that it has retained The Raine Group, LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor to support WWE’s management team and its Board of Directors in connection with a review of strategic alternatives to maximize value for all WWE stockholders and other stakeholders,” the press release stated.

WWE Chairman Vince McMahon commented in the press release and said, “WWE’s upcoming media rights cycle will take place amid a rapidly evolving media and entertainment landscape, and we believe exploring our strategic alternatives at this critical juncture will enable WWE to fully capitalize on the significant value of our intellectual property. I am highly confident that our outstanding Directors, outside advisors and executive team will provide valuable expertise and counsel to help guide the Company through this important process while our management team and employee base continue to deliver results and content our fans love.”

WWE added in the press release, “There can be no assurances given regarding the outcome or timing of the strategic alternatives review process. WWE does not intend to comment further until the process has concluded or the Company has otherwise determined that further disclosure is appropriate or required.”

This comes after the company also hired JP Morgan to help them with sales talks.

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:

New Report on the WWE Sale and Triple H & Stephanie McMahon, Potential Buyers

WWE Hires Outside Advisors to Help with Sale Talks, Vince McMahon Comments

Backstage Updates on the WWE Sale, Nick Khan Meets with Interesting Names, Latest on WWE Possibly Going Private, More

Stephanie McMahon WWE Status Update, WWE Talents to Push Back Against a Sale to Saudi Arabia?, More Backstage Notes

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

Interesting Note on WWE Board Member Who Just Resigned, People In WWE Looking to Leave Over Vince McMahon?, More

Triple H, Nick Khan and Stephanie McMahon Issue Statement on Vince McMahon’s Return to WWE Board, Two Members Resign

WWE Holding Important Meeting Today, Wall Street Reacts to Vince McMahon’s Return to The Board

Vince McMahon Officially Returns to WWE Board of Directors with Former Presidents, Three Members Removed

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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 SmackDown Backstage Mood, Rumor on Another Departure, Meeting Held After Vince McMahon’s Retirement Announcement, More

Tony Khan Jokingly Reacts To Vince McMahon’s Retirement: “I’m Grateful To Now Be The Longest-Tenured CEO In Pro Wrestling”

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

More Vince McMahon Allegations To Be Revealed?, Possible Reasons Mainstream Media Didn’t Give Significant Attention to Recent WSJ Report

Netflix Reportedly Pulls Vince McMahon Project, Millions of Dollars Spent

Backstage Reactions to Vince McMahon Allegations, What Vince Allegedly Shouted After WWE TV Appearance, More

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?

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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

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Backstage Update on Vince McMahon’s SmackDown Appearance, Internal WWE Reactions to Today’s Announcement, More

Stephanie McMahon Sends Message to WWE Staff After Today’s Huge Announcement

Vince McMahon Announced for WWE SmackDown

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