Following the news of Stephanie McMahon resigning from WWE as Chairwoman and co-CEO, Vince McMahon was named Executive Chairman of the Board, while Nick Khan is the CEO.
There have been rumors about a potential WWE sale, with WWE agreeing in principle to sell to the Saudi Arabia Public Investment Fund. This has NOT been publicly announced by WWE and is only rumored for now.
Last week, McMahon returned to the WWE Board of Directors alongside George Barrios and Michelle Wilson to help negotiate the new TV deals for Raw and SmackDown and explore a potential company sale.
While speaking on Wrestling Observer Radio, Dave Meltzer noted Vince started talks with Saudi Arabia once he resigned from the company. This possibility has been in the works for a while.
“The one thing we do know about this story is that ever since was ousted, he did open up talks with the Saudis. So this didn’t come in the last week and his coming back was obviously to close a deal that perhaps the people who are running the company for all the reasons we’re talking about probably felt very uneasy about the deal closing because they’re perhaps looking out for the long-term [future] of the company and their own a**es too as well. That’s another layer.”
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