WWE SOLD: In what comes as a BIG Development, Newcastle’s SAUDI owners have bought WWE. The World Wrestling Entertainment has once again gone PRIVATE from a PUBLIC entity. Earlier this week, Vince McMahon announced his return to WWE after being retired last year. The former WWE CEO and Chairman was under an internal investigation over the money hush scandal. Following his investigation, he took retirement leaving the company in the hands of his daughter Stephanie McMahon and son-in-law Triple H. Follow WWE News and Updates with InsideSport.IN
WWE SOLD: BIG Development, Newcastle’s SAUDI owners buy WWE, the World Wrestling Entertainment to once again go PRIVATE from a PUBLIC entity: Follow LIVE UPDATES
The WWE has now been sold to Saudi Arabia’s Public Investment Fund, which also owns Premier League club Newcastle. Surprisingly, the start of the year 2023 saw massive changes with Vince McMahon’s return with the news of WWE reportedly sold to Saudi Arabia’s Public Investment Fund. The news broke out after Stephanie McMahon’s resignation and unanimous voting to elect Mr. McMahon to the position of Executive Chairman. Meanwhile, WWE has positioned Nick Khan as the sole CEO of WWE.
BREAKING: Stephanie McMahon has resigned from her role as co-CEO of WWE.#StephanieMcMahon #WWE pic.twitter.com/J1fFTX7lU2
— InsideSport WWE (@insidesportwwe) January 11, 2023
As per the latest report, WWE has reportedly sold to Saudi Arabia which had a major interest in the Stamford-based wrestling company. Recently, DAZN has reported WWE’s deal with Saudi Arabia’s Public Investment Fund which also owns Football Premier League’s New Castle club. Back in October 2021, they took over New Castle from Mike Ashley after the club was sold in a massive £300m deal.
Currently, there is no official update on the company’s status but it is assumed the company will be switched from public to private once again while Vince McMahon will regain creative control. On the other hand, WWE has strong relations with Saudi Arabia with their annual PLE Crown Jewel held every year since 2018.
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WWE Sold: WWE Talents have zero ideas about the company’s deal with Saudi Arabia
As noted earlier, WWE has reportedly locked a massive deal with Saudi Arabia Public Investment Fund to take over WWE and seemingly turn the company private. On the other hand, WWE fans have been outraged by the latest update regarding the company’s sale.
There have been multiple wrestlers who have told me they'd leave WWE if the company ends up being Saudi Arabia-led.
I'll have more on https://t.co/jy8u4a8usI today, as well as List & Ya Boy at 3 PM EST.
— Sean Ross Sapp of Fightful.com (@SeanRossSapp) January 11, 2023
Recently, WWE talents were asked if they are aware of the company’s deal with Saudi Arabia. As per Fightful, WWE Talent has zero knowledge about WWE’s current deal. Moreover, there are reports of some wrestlers ready to leave WWE if the company goes under the Saudi regime.
The WWE sold-out deal has taken over the internet and the majority of fans have shown displeasure regarding the news. What are your thoughts on WWE’s deal with Saudi Arabia? Tell us in the comments.
WWE SOLD: BIG Development, Newcastle’s SAUDI owners buy WWE, the World Wrestling Entertainment to once again go PRIVATE from a PUBLIC entity: Follow LIVE UPDATES
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