WWE and Saudi Arabia: Vince McMahon return: According to reports, WWE (World Wrestling Entertainment) has been sold to Saudi Arabia’s Public Investment Fund. Read along to find out.
According to Bodyslam & DAZN, WWE has been sold to Saudi Arabia’s Public Investment Fund & they are taking the company back to being private. pic.twitter.com/zW6y300L8V
— WrestlePurists (@WrestlePurists) January 11, 2023
WWE (World Wrestling Entertainment) is an American professional wrestling promotion, the largest wrestling promotion in the world. An entertainment company that has branched out into other fields apart from wrestling, such as, American football, business ventures, film and various others.
WWE news: Who is Vince McMahon?
Vincet Kennedy McMahon is a media proprietor, an American business executive and former professional wrestling performer and promoter. From 1982 to 2022, he was the CEO (chief executive officer) and chairman of WWE. McMahon is the majority owner of the world’s largest professional wrestling company and has returned as its executive chairman in 2023.
The Shocking Return of Vince McMahon in WWE before Royal Rumble 2023
Stephanie McMahon was just placed in her new role as the co-CEO and chairwoman of the board of WWE, but it did not last long as her father showed a harsh business move and crawled his way back into the business. Hence, Vince McMahon once again became the chairman of the board of directors. There were speculations that Vince McMahon was trying to sell WWE to some of the biggest investors, which includes Saudi Arabia too. However, following his return, reports state that the deal of selling WWE to the kingdom of Saudi Arabia is now finally done.
Well….. Vince McMahon is back as Chairman of the board #WWE pic.twitter.com/Al4y6jOSN3
— CrispyWrestling 🎮 (@DakotaKaiEra) January 11, 2023
The selling thus means that World Wrestling Entertainment will no longer remain a publicly traded company. The company going under private ownership will surely bring in a lot of changes, both for the employees and for the road to WrestleMania.
However, WWE is yet to confirm or deny Bodyslam and DAZN’s reports of its sell to Saudi Arabia.
Also Read: Stephanie McMahon resigns from the position of Co-CEO following the return of Vince McMahon
