A whirlwind two weeks in WWE have seemingly culminated in the sale of the company as on Tuesday night, it was reported by several sources that the wrestling entertainment company had been sold to Saudia Arabia’s Public Investment Fund, the same group that made headlines in 2022 for its billion-dollar bankrolled LIV Golf. The news of the sale has yet to be confirmed by WWE or the PIF.
In short order on Tuesday night, news began to break rapid-fire surrounding WWE. It had first been announced that Vince McMahon had unanimously been selected to return as executive chairman of the board after having orchestrated his return a few days prior. Then, shortly after, it was reported by Stephanie McMahon herself, that she would be resigning from the board and leaving the company. Rumors then began to circulate if Triple H would also be leaving the company, but as of this writing, nothing has been confirmed.
Read More: Vince McMahon Returns to WWE: Stocks Soar and Other Implications Around His Return
Then, everything came to a head when sources including Jon Alba, Sean Ross Sapp, Cassidy Haynes, and Steven Muehlhausen among others, had begun to report the rumors, rumblings, and speculation of a WWE sale to Saudi Arabia and the PIF. While these sources are certainly credible, it is worth repeating that to this point, a sale has not been confirmed.
Sources: #WWE has been sold to
Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people.
— Steven Muehlhausen (@SMuehlhausenJr) January 11, 2023
WWE’s business with Saudi Arabia is nothing new and rumors of the KSA being interested in buying WWE have been reported, especially recently.
Last Word on Pro Wrestling first reported on this possible sale back in 2019 as our sources had indicated that there may have been a clause in WWE’s 10-year deal with the KSA that would provide the kingdom first right of refusal should WWE ever go up for sale. It was also reported at the time that the crown prince was willing to pay upwards of $7B for WWE, a number that no other potential bidder could or would likely match.
Read More: Card Subject To Change: Why WWE Will Continue To Go To Saudi Arabia!
We will update this story with more information if/when a WWE sale to Saudi Arabia or any other party is confirmed.
Hearing the same thing Sean is.https://t.co/L7kaNMna4b
— Jon Alba (@JonAlba) January 11, 2023
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