WWE

In a big development, reports on Wednesday morning stated that American professional wrestling promotion WWE is being sold to Saudi Arabia's Public ...

Vince had resigned as the WWE chairman in July last year, after reports surfaced that WWE had launched an investigation against him for sexual misconducts. In a big development, reports on Wednesday morning stated that American professional wrestling promotion WWE is being sold to Saudi Arabia’s Public Investment Fund. WWE is the biggest professional wrestling company with broadcasting deals all over the world.

Vince McMahon has reportedly sold WWE to Saudi Arabia's Public Investment Fund. This comes less than a week after McMahon came out of retirement.

Steven also reported that the company will go back to being private for the first time since being listed as a public company in October 1999. Back in 2018, WWE and the Kingdom of Saudi Arabia announced a 10-year-long strategic partnership. She further added, “WWE is in such a strong position, that I have decided to return to my leave and take it one step further with my official resignation”. In a statement, the former WWE boss revealed his role was essential ‘to maximize the value for all WWE shareholders’ as they took ‘strategic alternatives’ leading to the company’s sale. Wrestling promotion WWE is being linked with reports claiming that the publicly traded company has been sold to Saudi Arabia’s Public Investment Fund. As per Steven Muehlhausen of DAZN, the promotion as been sold to the gulf country’s investment fund.

One anonymous WWE Superstar is ready to walk if the reports of the company being purchased by Saudi Arabia are indeed accurate.

[Kevin Owens](https://www.sescoops.com/profiles/kevin-owens/) has refused to appear at Saudi events in solidarity with his real-life best friend and on-screen rival. [WWE](https://www.sescoops.com/news/wwe/) Superstar is ready to walk if the reports of the company being [purchased by Saudi Arabia](https://www.sescoops.com/news/wwe-sold-to-saudi-arabia-investors-will-go-private/) are indeed accurate. [Fightful Select](https://www.patreon.com/fightful/posts) reports that those in WWE are also wary and concerned about the possibility of the company being owned by the Saudi Arabia Public Investment Fund.

WWE's reported deal with the Saudi Arabia Public Investment Fund may spell bad news for the company's relationship with FOX and the USA Network.

Both FOX and Comcast (the parent company of NBC-Universal and the USA Network) were reported as potential buyers alongside the Saudi Public Investment Fund. [WWE has been purchased](https://www.ewrestlingnews.com/news/breaking-report-wwe-sold-to-saudi-arabias-public-investment-fund) by the Saudi fund, though neither side has confirmed the reports. WWE’s reported deal with the Saudi Arabia Public Investment Fund may spell bad news for the company’s relationship with FOX and the USA Network.

Vince McMahon has orchestrated internal changes at the WWE and reportedly pioneered a sale of the company to Saudi Arabia.

Vince McMahon has now elevated himself to the Executive Chairman of the WWE Board of Directors. Interestingly, the WWE Board of Directors comprising entities like Nick Khan, Stephanie McMahon and Paul Levesque (Triple H) had previously unanimously voted to disapprove of Vince McMahon’s return to the WWE. The disgraced former Chairman of the WWE Vince McMahon has spearheaded a deal that sees the WWE being sold to Saudi Arabia. It has been reported that the WWE has been successfully sold to Saudi Arabia’s Public Investment Fund. Saudi Arabia and the WWE have a long-standing relationship. But last week, McMahon announced that he shall be returning to the company to pursue a sale of the company.

The investment fund is run by Saudi prince Mohammed bin Salman and is one of the world's wealthiest. They have a significant interest in sports, having funded ...

“I had the privilege to return as the Co-CEO and chairwoman of the Board of WWE. Currently, Vince McMahon is the largest shareholder in WWE and can’effectively exercise control over affairs. Vince retired last year but has now returned to the board as executive chair and is leading a’strategic alternatives’ process.

Her decision comes mere days after her father Vince McMahon was reinstated to the WWE Board of Directors, and immediately after her announcement, the company ...

Her decision comes mere days after her father Vince McMahon was reinstated to the WWE Board of Directors, and immediately after her announcement, the company issued a press release stating that Vince had been [unanimously elected](https://tjrwrestling.net/news/vince-mcmahon-wwe-executive-chairman/) Executive Chairman of the Board. The PIF is the sovereign wealth fund of Saudi Arabia which helped fund the takeover of Newcastle United Football Club in England as well as start the controversial LIV Golf organisation. Regardless of the alleged sale, it is also noted in the report that there is an “incredible amount of concern” in the company due to the resurgence of Vince McMahon in the company.

Nick Khan will serve as the new WWE CEO, the entertainment firm added. Vince McMahon, 77, returned to the board last week and elected himself and two former co- ...

“I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan,” she said. ‘I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan,’ she said [Vince McMahon](/topic/vince-mcmahon) as the executive chairman of the board on Tuesday, the company said, adding that co-chief executive officer and chairwoman [Stephanie McMahon](/topic/stephanie-mcmahon) resigned from her role.

A new update has shed light on the reaction to Stephanie McMahon resigning from WWE, including McMahon's interesting choice of words at a talent meeting.

One WWE Superstar stressed that “public frustration” from the roster could arise if Vince McMahon assumes responsibility for the creative direction of the company. The report noted that at an employee meeting on the same day that it was announced Vince McMahon was returning to the WWE Board of Directors, January 6th, she confessed that “there’s naturally some animosity” before changing her choice of word to “angst” regarding her father’s return. [Vince McMahon](https://tjrwrestling.net/news/vince-mcmahon-wwe-executive-chairman/) strong-armed his way back onto the company’s Board of Directors before being named Executive Chairman.

STEPHANIE McMahon announced she will be stepping down as interim CEO for the WWE in January 2023.The daughter of wrestling mogul Vince revealed the sh.

"I will always remain dedicated to WWE. We had high hopes for 2023." Stephanie said in her statement via Twitter: "I cannot put into words how proud I am to have led what I consider to be the greatest company in the world. In 2006, Stephanie was promoted to Senior Vice President of Creative Writing and oversaw the process of producing the wrestling world's dramatic storylines. I truly love our company, our employees, our Superstars, and our fans. In her early years, she worked in creative design, television production and as a ring girl for the global wrestling company. She began appearing on WWE flagship Raw as "Daddy's Little Girl" in 1999 and quickly became a star in her own right. "I had the privilege to return as the Co-CEO and Chairwoman of the Board of WWE. "I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan. "And with Nick's leadership and Paul "Triple H" Levesque as Chief Content Officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders. "I cannot put into words how proud I am to have led what I consider to be the greatest company in the world, working alongside a remarkable leadership team and one of the strongest executives I have known in my Co-CEO, Nick Khan. Stephanie McMahon announced on January 10, 2023, she is quitting as the interim CEO and chairwoman of WWE.

WWE has been sold to the Saudi Arabian Public Investment Fund (PIF) according to reports from DAZN's reporter, Steven Muehlhausen. He has claimed that the ...

GiveMeSport will provide any official updates on the matter. [You can find all of the latest WWE news here on GiveMeSport](http://www.givemesport.com/wwe) [News Now - Sport News](https://www.newsnow.co.uk/h/Sport) [Newcastle United](http://www.givemesport.com/newcastle-united), although the club has faced a major backlash for the sale from rival supporters for the human rights issues the country faces. [Stephanie McMahon](http://www.givemesport.com/stephanie-mcmahon) announcing the news to shareholders via email, but the chaos is still circling around the business. [Triple H](http://www.givemesport.com/triple-h) who replaced Vince as Head of Creative for the company, resigned overnight, which offers up even more questions than answers about where the company is heading. [UPDATE: New reports state that WWE has not agreed to sell to Saudi Arabia’s PIF, where it being claimed that there is NO DEAL in place as of now.](https://www.givemesport.com/88103717-vince-mcmahon-sells-wwe-new-report-claims-no-deal-in-place-with-saudi-arabia) [WWE](http://www.givemesport.com/wwe) has been sold to the Saudi Arabian Public Investment Fund (PIF) according to reports from DAZN’s reporter, Steven Muehlhausen.

World Wrestling Entertainment Inc.'s chairwoman and co-chief executive officer, Stephanie McMahon, has resigned from the company after her father's return ...

In the rvialry between WWE and UFC, Vince McMahon is poised to come out on top as expectations of a sale rise with his return to the company.

Media analysts at LightShed suggested in a 2023 outlook that Amazon may be very interested in adding WWE events to its slate of live programming. Plus, in the stock market, acquisitions tend to come at a 28% premium to a company’s stock price. Whoever the buyer, at the average price premium, Vince McMahon would find his 28.7 million shares worth $3.2 billion, putting his total wealth close to $4 billion, based on data from Forbes. That means any purchase of WWE is going to be result in lots of cash flowing to shareholders’ wallets. Founded in 1993 and not even half the age of WWE, UFC is now about even on two major metrics: social media followers (WWE 60.4 million; UFC 59.5 million) and revenue (for 2021: WWE $974 million; UFC roughly $1 billion*). The reason ties back to a common theme in sports and entertainment these days: WWE’s control of its media rights and intellectual property. [off the mark](https://www.sportico.com/personalities/executives/2023/vince-mcmahon-jumps-back-into-ring-1234700409/). Assuming the same for WWE, a 28% premium would put shares at $113. Endeavor’s heavy debt load—already a weight on the stock—is one reason the chatter that Endeavor wants to buy WWE probably won’t amount to anything. Enterprise value, which is the market cap plus debt, minus cash on hand, is probably a better reflection of a business’ true worth. And in recent years, UFC has seemed to run neck-and-neck with WWE for the title of the world’s favorite ringed event (sorry, Barnum and boxing). McMahon can offer all this in what may well be the golden age of media rights, with bidding sure to be influenced by the needs of traditional broadcasters eager to clutch whatever viewers they can as well as streaming behemoths looking to establish themselves with consumers.

With Vince McMahon back as Executive Chairman of WWE, the company has been described as "problematic" and job losses are expected.

Maybe he’s already talked to the people at Fox and at NBCU and they’ve assured him that he’s ok. “WWE without the rights fees is not worth anything close to what they’re getting. Reports suggest that McMahon

According to a report from DAZN, Saudi Arabia's Public Investment Fund [PIF] has bought the WWE and is expected to re-instate McMahon as 'Head of Creative', ...

Get up to £25 in free bets on selected events + 25 Free Spins on D10S Maradona slot. £10) on selected events at odds of 2.00+, in 7 days. Bonuses expire in 7 days. It’s never taken place outside of the US, until now. Worth noting that the original tweet stating it was a done deal has since been deleted.” “The organization is still exploring all options, I’m told.

Vince McMahon was 'unanimously elected' as executive chairman of the WWE board Tuesday, following the resignation of his daughter Stephanie McMahon.

"My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder." "I'll forever be grateful that she offered to step in during my absence and I'm truly proud of the job she did co-leading WWE," he continued. "I had the privilege to return as the Co-CEO and Chairwoman of the Board of WWE. And I am grateful to all of our partners," added Stephanie. She married WWE star "Our Founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives," added Stephanie. "I will always remain dedicated to WWE. [return as Executive Chairman](https://corporate.wwe.com/investors/news/press-releases/2022/07-22-2022-210511643) and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives," he added. I truly love our company, our employees, our Superstars, and our fans. Together." "Thank you for everything. [Vince McMahon](https://people.com/sports/everything-to-know-about-vince-mcmahon-xfl-relaunching-this-weekend/), 77, will serve as executive chairman of the WWE board, having been " [unanimously elected](https://corporate.wwe.com/investors/news/press-releases/2023/01-10-2023-235206986)" after her announcement the company stated in a release.

Speculation about WWE's sale comes just hours after Vince McMahon was elected Executive Chairman of the Board. McMahon had announced his retirement last July, ...

US viewers can access the WWE Network via [Peacock](https://go.redirectingat.com/?id=127X991730&xs=1&url=https%3A%2F%2Fwww.peacocktv.com%2F&sref=https%3A%2F%2Fwww.digitalspy.com%2Ftv%2Fustv%2Fa42453393%2Fwwe-sale-saudi-arabia-public-investment-fund-rumour%2F). [WWE](https://www.digitalspy.com/wwe/) is rumoured to have agreed a sale in principle to Saudi Arabia's Public Investment Fund (PIF). "WWE is in such a strong position, that I have decided to return to my leave and take it one step further with my official resignation. Since 2014, WWE has been promoting events in Saudi Arabia. Last week he appointment himself to the company's board of directors alongside former co-presidents and directors, Michelle Wilson and George Barrio. [Bodyslam](https://www.bodyslam.net/2023/01/11/exclusive-update-on-wwe-selling-to-saudi-investment-fund/) reports claims from insiders that a deal hasn't been fully finalised, because there are certain obligations that it must first meet for a sale as a publicly-traded company.

WWE's rumored sale to Saudi Arabia has thrust its biggest star into the spotlight.

WWE is hardly the first American company Saudi Arabia has invested in. With tensions subsiding in time for the next Saudi show, and WWE continuing to reap the eight-figure benefits of Saudi shows, WWE has now gone all in on its relationship with Saudi Arabia. Those fears are justified, as Zayn has never competed at a Saudi Arabia show due to being of Syrian descent. Many are fearful that the top star will be on the outside looking in of WWE’s deal with Saudi. This has not stopped fans from rallying around Sami Zayn, who has become a popular talking point in the wrestling community. No, [not the returning Vince McMahon](https://www.youtube.com/watch?v=SUIP_6-loGQ), but rather Sami Zayn.

Mixed martial arts outfit WWE has named Vince McMahon as executive chairman following the resignation of Stephanie McMahon as chairwoman and Co-CEO.

Nick’s business acumen and mastery of the media industry have helped catapult our business to record revenue and profitability. I look forward to continuing to work closely with them and my WWE colleagues to ensure our company may thrive as the premiere powerhouse in sports entertainment for years to come.” Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand,” said Vince McMahon.

The news follows Stephanie McMahon's resignation as co-CEO earlier on Tuesday after her father Vince McMahon appointed himself back to the WWE board of ...

I cannot put into words how proud I am to have led what I consider to be the greatest company in the world, working alongside a remarkable leadership team and one of the strongest executives I have known in my co-CEO, Nick Khan. I truly love our company, our employees, our Superstars, and our fans. 'Our Founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives. McMahon retired as WWE's chairman and CEO in July. And I am grateful to all of our partners. 'I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan. 'I had the privilege to return as the co-CEO and Chairwoman of the Board of WWE. Stephanie McMahon (C) has resigned as CEO from the WWE after her father, Vince (L), returned to the wrestling franchise, appointing himself back to the board of directors The term 'sportswashing' is the practice of using sport as a propaganda tool to improve the reputation of a nation, company or individual. [Stephanie McMahon's resignation as co-CEO ](/sport/wwe/article-11621145/Stephanie-McMahon-resigns-CEO-WWE-days-Vince-returned-board-directors.html)earlier on Tuesday after her father Vince McMahon appointed himself back to the WWE board of directors and was unanimously elected Executive Chairman of the Board. Vince McMahon appointed himself back to the WWE board of directors last week - It comes after Vince McMahon appointed himself back to the board of directors

WWE: Vince McMahon's return after allegations, why Stephanie resigned - has WWE been sold to Saudi Arabia? We try to make sense of the Succession-style family ...

Previously, some WWE wrestlers have opted out of the Saudi performances due to concerns about the government’s policies. This is all speculation of course, and what comes next remains to be seen. The board fired back in a carefully worded email repost which suggested they thought things were going just fine without McMahon. But late last year, a rumour surfaced claiming McMahon was second-guessing his decision to retire and was attempting to find a way back into the business. Advertisement

The stock rose as much as 2.5% in early Wednesday trading following a report about the company's alleged pending sale to the Saudi Arabian sovereign wealth ...

The long-time WWE CEO and chairman McMahon [resigned](https://www.forbes.com/sites/brianbushard/2022/06/17/vince-mcmahon-steps-down-as-wwe-ceo-amid-3-million-hush-pact-investigation/?sh=395f42dc278c) from the company in June and [retired](https://www.forbes.com/sites/nicholasreimann/2022/07/22/vince-mcmahon-retires-from-wwe-under-cloud-of-misconduct-probe/?sh=3899789c5253) from the company in July following the revelation of [millions](https://www.forbes.com/sites/dereksaul/2022/07/25/wwe-discloses-millions-in-vince-mcmahon-expensesbut-companys-stock-still-soars/?sh=5a5ef7f263e1) of dollars in company funds going toward “hush” payments to former employees accusing him of sexual misconduct. McMahon officially [took over](https://corporate.wwe.com/investors/news/press-releases/2023/01-10-2023-235206986) as chairman late Tuesday, while his daughter Stephanie McMahon simultaneously resigned from her role as co-CEO and chairwoman in what the elder McMahon described as a “personal decision.” The Saudi Arabian sovereign wealth fund made waves in American sports in 2022, [dishing out](https://www.forbes.com/sites/justinbirnbaum/2022/08/12/majors-monopolies-megabucks-and-donald-trump-inside-the-business-of-the-new-saudi-golf-league/?sh=18f414073ef5) billions of dollars in its financing of LIV Golf, the controversial PGA Tour competitor that lured top American golfers like Phil Mickelson and Bryson DeChambeau with its nine-figure paydays. [Vince McMahon Retires From WWE Under Cloud Of Misconduct Probe](https://www.forbes.com/sites/nicholasreimann/2022/07/22/vince-mcmahon-retires-from-wwe-under-cloud-of-misconduct-probe/?sh=7faf1c4f5253) (Forbes) [Vince McMahon’s WWE Sale Would Body Slam UFC](https://www.sportico.com/personalities/owners/2023/vince-mcmahon-wwe-sale-would-body-slam-ufc-1234700896/) (Sportico) [estimate](https://www.forbes.com/profile/vincent-mcmahon/?sh=7fcfb861b897) McMahon to be worth $2.9 billion, with his fortune up substantially from the $2.3 billion it stood at as of his [June resignation](https://www.forbes.com/sites/brianbushard/2022/06/17/vince-mcmahon-steps-down-as-wwe-ceo-amid-3-million-hush-pact-investigation/?sh=395f42dc278c). [said](https://www.businesswire.com/news/home/20230106005293/en/WWE-Provides-Update-Regarding-Composition-of-Its-Board-of-Directors-and-Exploration-of-Strategic-Alternatives) last week it planned to “undertake a review of its strategic alternatives with the goal being to maximize value for all WWE shareholders,” indicating it was likely mulling a sale, and CNBC [reported](https://www.cnbc.com/2023/01/07/who-would-buy-wwe-as-mcmahon-returns-to-board-to-pursue-sale.html) Saturday the firm has retained JPMorgan Chase to advise on such a transaction. [said](https://twitter.com/RichLightShed/status/1613167493580734476) LightShed Partners’ Rich Greenfield on Twitter, while Cannonball Research’s Vasily Karasyov noted in an email the original tweet was deleted and wrote in a recent note that the WWE would need to complete media rights negotiations in order for a sale to “make sense” for any bidder, with its television deal set to expire next year.

Stephanie's father, Vince, has now returned as chair - after she became co-CEO and chairwoman in July.

Stephanie has been a part of the company since the 1990s, appearing as an in-ring performer and leading the company in various roles behind the scenes. "Stephanie has always been the ultimate ambassador for our company, and her decades of contributions have left an immeasurable impact on our brand," Vince McMahon said. "I look forward to cheering on WWE from the other side of the business," Stephanie wrote in her resignation statement.

Rumors of a sale to Saudi Arabia have thrown wrestling's biggest company into turmoil.

This isn’t a done deal yet, but it seems to be on the ropes — and the future of wrestling could be very scary if this is finalized. A sale to the PIF would not carry on that legacy. A sale to the PIF would maximize the amount of money for a sale, with the additional benefit being that as a buyer they would be far less likely to scrutinize financials or worry about making a return on investment. Vince McMahon is unquestionably one of the worst employers in the United States when it comes to the rights of his workers. This is what’s often missed in the discussion of PIF-owned entities. Still, it’s a far cry from suddenly becoming the employee of a country with a laundry list of human rights violations. Complete with a host of wrestlers speaking on camera about how lovely Saudi Arabia is, how kind people are, bragging about the country’s cleanliness, and telling a predominantly western audience what a wonderful place it is to visit. Of course, this is designed to distract from the fact that anyone found to be LGBTQ can tortured, sentenced to life imprisonment, or be subject to chemical castration. So let’s slow things down, discuss what the hell is actually happening, and what this means for the future of professional wrestling — not just in terms of WWE, but for the industry as a whole. Significant investment, often far above “accepted” market rates, is made into a team, league, or sport as a whole — with an expectation that in exchange the beneficiary will help perform public relations for Saudi Arabia. On Tuesday night reports and rumors swirled that the world’s largest professional wrestling company was in the process of being sold to Saudi Arabia’s Public Investment Fund (PIF), the same entity which has heavily invested in Formula 1, initiated a takeover of We can pump the brakes on the sale reports right now, because this isn’t something that can happen in the dead of night without significant regulatory hoops to jump through.

The spotlight is well and truly beaming down on the world of WWE. The American professional wrestling company has hit the headlines in the last week ...

I cannot put into words how proud I am to have led what I consider to be the greatest company in the world, working alongside a remarkable leadership team and one of the strongest executives I have known in my co-CEO, Nick Khan. I truly love our company, our employees, our Superstars, and our fans. 'Our Founder, Vince McMahon, has returned as Executive Chair and is leading an exciting process regarding strategic alternatives. Everything you need to know as WWE controversy hit the headlines And I am grateful to all of our partners. Has WWE been sold to Saudi Arabia's Public Investment Fund? 'I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan. And with Nick's leadership and Paul 'Triple H' Levesque as Chief Content Officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders. 'I had the privilege to return as the co-CEO and Chairwoman of the Board of WWE. The spotlight is well and truly beaming down on the world of WWE after it hit the headlines 'I cannot put into words how proud I am to have helped lead what I consider to be the greatest company in the world and I am confident WWE is in the perfect position to continue to provide unparalleled creative content and drive maximum value for shareholders,' she said on Twitter. The spotlight is well and truly beaming down on the world of

WWE Inc. chief Vince McMahon—who returned to the company in early January after resigning amid a wave of sexual harassment allegations—is facing investor ...

His daughter, Stephanie McMahon, who resigned as co-CEO and chairwoman Tuesday, is married to another top executive, former WWE champion Paul “Triple H” Levesque. To contact the editors responsible for this story: McMahon](https://www.bloomberglaw.com/public/document/ScottAFellowsvVincentKMcMahonDocketNo20230022DelChJan102023CourtD?doc_id=X67OCN5B0D9MEO593PB4BAUMRB), Del. To contact the reporter on this story: 2023-0022, complaint filed 1/10/23. According to the proposed class action, McMahon timed his return to seize control of upcoming negotiations over the company’s expiring media rights, the “lifeblood” of the business, and forced his way back by leveraging a threat to withhold support for any deal reached without his participation.

Rumors swirled Wednesday that the Saudi Arabia Public Investment Fund was eyeing a purchase of the WWE amid Stephanie McMahon's sudden departure as ...

Are You Asking It Already? [January 11, 2023] [the Hottest Franchises to Watch in 2023](/article/442326) [This One Question Will Make You a Better Thinker](/article/442557). [Front Office Sports](https://frontofficesports.com/public-investment-fund-saudi-arabia-wwe-sale-liv-golf-vince-mcmahon/) claimed that the PIF had been eyeing a purchase of the WWE, with some "sources" even seeming to indicate that the deal was already done. [Deadspin](https://deadspin.com/wwe-sold-saudi-arabia-vince-mcmahon-sportswashing-1849973522) and wrestling outlet [BodySlam.net](https://www.bodyslam.net/2023/01/11/vince-mcmahon-has-been-working-on-saudi-arabia-wwe-deal-since-his-retirement/). The world of the WWE this week has proven to be more chaotic than a Friday Night SmackDown show as rumors swirl that the company may soon be (or secretly has been) sold to a Saudi Arabian company amid the departure of current Co-CEO and Chairwoman Stephanie McMahon.

Bleacher Report catches you up on the latest news from the WWE Universe. WWE Talent Reportedly Feeling Uneasy Over McMahon's Return Morale among WWE...

Listen to Ring Rust Radio for all of the hot wrestling topics. White is scheduled to face Hikuleo in a Loser Leaves Japan match at NJPW The New Beginning on Feb. Sherman also noted that if a sale happens, it would likely occur within the next three to six months, which is the same timeline during which television rights negotiations are expected to take place, as WWE's current deals run through 2024. [unanimously voted in](https://www.nbcnews.com/news/us-news/stephanie-mcmahon-resigns-wwe-co-ceo-vince-mcmahon-returns-executive-c-rcna65209) as chairman of the board on Tuesday, while Stephanie resigned from her co-CEO role, making Nick Khan the sole CEO. Around the time Triple H stepped away from WWE in the summer of 2021 to deal with a heart condition, NXT changed from a brand littered with stars from the independent scene to more of a developmental brand focused on wrestlers with limited experience. [Johnson](https://www.pwinsider.com/ViewArticle.php?id=166831), Fredericks' New Japan contract expired in August, and he has since signed with WWE and reported to the WWE Performance Center in Orlando, Florida. The New Zealand native is widely regarded as one of the best in-ring performers in the world, and from an all-around perspective, an argument can be made for him being the top talent not currently signed to a WWE or AEW deal. [Fightful Select](https://www.patreon.com/fightful) (h/t [Jenkins](https://www.ringsidenews.com/2023/01/10/jay-white-expected-to-leave-njpw-wwe-is-very-interested/)), White is garnering interest from both WWE and AEW, but sources within WWE are "confident" he will ultimately choose to sign with WWE. [Mike Johnson](https://www.pwinsider.com/ViewArticle.php?id=166845), there is "far more of a worry and a feeling of unease" among WWE talent with McMahon back in the fold than there was when he retired in July and was replaced by Triple H as head of creative and Stephanie McMahon as chairwoman and co-CEO. There is currently a great deal of uncertainty within WWE since it is unclear if McMahon is merely back to focus on big-picture issues, or if he could potentially attempt to return to the creative side of things. [Lauren Thomas](https://www.wsj.com/articles/vince-mcmahon-plots-return-to-wwe-11672952709) of the Wall Street Journal reported McMahon was planning to return in order to play a role in exploring the possibility of a sale of the company. [Fightful Select](https://www.patreon.com/fightful) (h/t [H Jenkins](https://www.ringsidenews.com/2023/01/10/wwe-employees-confused-by-sudden-changes-to-the-company/) of Ringside News) reported that multiple WWE Superstars expressed confusion over what the changes to the company will mean for them.

Her departure comes less than a week after her retired father Vince announced he wanted to regain control of the entertainment company.

Prior to founding Isos with Barrios, Wilson was co-president and a board member of WWE until January 2020. Stephanie McMahon has resigned as chairwoman and co-CEO of World Wrestling Entertainment Inc. “I’d like to express my full support for Stephanie’s personal decision,” Vince McMahon said.

Vince McMahon is back. A sale to Saudi Arabia seems imminent. Here are all your questions about the state of the WWE answered (as best we can).

[antics](https://www.youtube.com/watch?v=RdeqB6Rdalc) as the goofy, adopted brother of Samoan family the Bloodline (led by current WWE Champion Roman Reigns) have seen his popularity skyrocket. However, Zayn was [ reportedly](https://cultaholic.com/posts/report-claims-saudi-government-told-wwe-to-remove-sami-zayn-from-super-showdown-due-to-his-ethnicity) barred from performing at all of WWE’s eight Saudi events thus far because of his Syrian ethnicity. [ walking out during live TV](https://www.vulture.com/2022/05/sasha-banks-naomi-wwe-walkout-suspension.html)), but Levesque’s installment brought with it several renewed stories, an increased focus on viral marketing, the re-hiring of numerous wrestlers who’d been let go in recent months, and a general [morale boost](https://411mania.com/wrestling/wwe-backstage-morale-has-reportedly-greatly-improved-under-triple-h-recent-changes/) among talent. No decision seems too ruthless for McMahon, who — in a particularly Logan Roy move — ousted [his own son](https://www.essentiallysports.com/wwe-news-real-reason-wwe-chairman-vince-mcmahon-fired-his-son-shane-mcmahon-randy-orton/) from the company last year over creative disagreements. [recently formed Time Warner Discovery](https://www.vulture.com/article/is-hbo-max-going-away-warner-bros-discovery-streaming.html), which has its own wrestling broadcasting deal with rival company AEW, has been at the center of several streaming controversies (mostly involving [shuttered productions and properties being removed from HBO Max](https://www.vulture.com/article/hbo-max-removing-shows-movies-list.html)). Or, in the words of Succession’s Cousin Greg: “If it is to be said, so it is.” [the murder of journalist Jamal Khashoggi](https://www.bbc.com/news/world-europe-45812399). Meanwhile Disney, which has a [deal](https://www.cagesideseats.com/2022/10/17/23408998/aaas-marvel-lucha-libre-disney-plus-show-trailer-premiere-date) in place with Mexican wrestling promotion AAA (involving the creation of several Marvel-themed wrestlers, and even a Disney+ series), has nabbed an increased market share of global film and television in recent years. [Succession](https://www.vulture.com/tv/succession/). He and wife Stephanie are believed to be well-liked backstage, and the latter’s departure already [ appears to have](https://wrestletalk.com/news/wwe-morale-stephanie-mcmahon-resignation/) caused unhappiness behind the scenes. Others, however, [ report](https://bleacherreport.com/articles/10061294-report-wwe-doesnt-have-deal-to-sell-to-saudi-arabias-public-investment-fund) that WWE is still exploring its options. After McMahon’s retirement in July, his son-in-law, Paul Levesque — formerly the wrestler Triple H — was promoted to chief content officer and filled in for McMahon on day-to-day creative decisions.

As World Wrestling Entertainment (WWE) Chief Vince McMahon returned as chairman of the company in January 2023, just months after retiring following sexual ...

Accessed 11 Jan. ESPN.Com, 11 Jan. Bloody Elbow, 11 Jan. BodySlam.Net, 11 Jan. TMZ, https://www.tmz.com/2023/01/11/wwe-sources-company-not-sold-saudi-arabia/. Here's Who Might Want to Buy It." "Vince McMahon Is Back at WWE to Ensure a Smooth Sale Process. For now we rate this claim as a "Research in Progress." Indeed, rumors about the WWE have increased accusations of " [sportswashing](https://www.bloodyelbow.com/2023/1/11/23549833/saudi-arabia-bid-buy-wwe-wrestling-politics-sportswashing-news)," which many argue involves the country spending billions of dollars on high-profile sports and entertainment events to distract from their human rights violations. [CNBC](https://www.cnbc.com/2023/01/07/who-would-buy-wwe-as-mcmahon-returns-to-board-to-pursue-sale.html) also reported that legacy media, streaming giants, and entertainment holding companies could all submit bids. So far, we have no real confirmation that such a sale is taking place. [returned](https://www.espn.com/wwe/story/_/id/35422004/stephanie-mcmahon-resigns-wwe-nick-khan-now-sole-ceo) as chairman of the company in January 2023, just months after retiring following sexual harassment allegations, many speculated about the future of the professional wrestling juggernaut.

01/04 Pro Wrestling Boom Podcast with Jason Powell (Episode 239): Powell's review of NJPW Wrestle Kingdom 17 · 12/30 Dot Net Weekly Five-Year Flashback: John ...

Powell’s POV: Fellows is seeking to have the bylaw changes invalidated and a reimbursement for costs and fees. WWE shareholder Scott Fellows has filed a lawsuit against Vince McMahon over the way he returned to the company. [@prowrestlingnet](https://twitter.com/prowrestlingnet))

A new WWE SEC filing made on Wednesday revealed that Shane McMahon made approximately $828000 from the company in 2022 for his services as an independent.

Send any news, tips or corrections to us by [clicking here](mailto:[email protected]). – The SEC filing noted that these Board members were replaced without cause. The filing also noted that WWE expects the Board will be “comprised of a majority of independent directors” by January 30. Lahoud was a member of the Board’s Audit Committee. Lahoud and Singh agreed with the Board’s decision to explore the Company’s strategic alternatives, they did not agree with Mr. Today’s SEC filing included the following on why Singh and Lahoud resigned: McMahon’s return at this time,” the filing stated. Shane’s early 2022 exit came on quick, and was surrounded Shane competed in the 2022 Men’s Royal Rumble Match, entering at #28. We noted before how Man Jit Singh and Ignace Lahoud left the Board after new WWE Chairman Vince McMahon returned to the Board. McMahon managed to eliminate Kevin Owens while in the match.

While rumors persist that WWE could be sold, it doesn't appear as if one of the biggest stars in company history will be the one to buy it from Vince ...

The move came after the XFL [filed](https://www.espn.com/xfl/story/_/id/29030763/xfl-files-chapter-11-bankruptcy-suspending-operations) for Chapter 11 bankruptcy after suspending operations when its inaugural season was canceled because of the COVID-19 pandemic. Listen to Ring Rust Radio for all of the hot wrestling topics. He, along with a group of investors, purchased the XFL in August 2020. [Alex Sherman](https://www.cnbc.com/2023/01/07/who-would-buy-wwe-as-mcmahon-returns-to-board-to-pursue-sale.html) reported last week the company has retained JPMorgan to advise on a potential sale. The Great One did buy another one of McMahon's previous businesses. If that market changes drastically and the partners change what they are willing to pay for WWE, the company's value changes drastically.

After announcing his retirement from WWE in July of 2022, Vince McMahon went back on his plans to stay at home in the new year as he returned to the company ...

It initially appeared during the early hours of January 11 that a deal had been agreed in principle for the sale of WWE to the Saudi Arabia Public Investment Fund but [several reports have since emerged denying that is the case](https://cultaholic.com/posts/multiple-outlets-report-sale-of-wwe-to-saudi-arabia-public-investment-fund). According to sources, JPMorgan were hired by WWE to advise on a sale because they are the only United States-based financial institution with two operating licenses in Saudi Arabia. McMahon was then elected unanimously by the Board as Executive Chairman on January 10, with it being announced at the same time that Stephanie McMahon had resigned from the company.

The Saudi Arabia Public Investment Fund remains "in the hunt" for WWE with a new report also putting a timeframe on a potential sale.

Endeavor are obviously also in the hunt. several media companies, the names that are out there are all in the hunt.” Saudi Arabia is in the hunt.

It was a case of there goes the money as the 2022 WWE earnings of Shane McMahon come to light - and remember he only competed in a single match that year.

[return as Executive Chairman](https://tjrwrestling.net/news/vince-mcmahon-wwe-executive-chairman/) and Stephanie McMahon’s [departure from her executive roles.](https://tjrwrestling.net/news/update-stephanie-mcmahon-wwe-exit/) This is said to be less than the $1,313,823 that Shane McMahon earned for his work in the company in 2021. [reported to be unhappy](https://tjrwrestling.net/news/shane-mcmahon-heat-royal-rumble/) with Shane McMahon’s behaviour backstage and ultimately Vince McMahon sent his son home afterwards, with any potential plans scrapped.

It has been confirmed that Vince McMahon's powerplay to return to WWE was behind two Board members' decision to quit the company.

Ignace Lahoud and Man Jit Singh stepped down from the Board on the 6th of January and so far have not been replaced. McMahon’s return at this time” and as a result, they stepped down. A move that has caused a class action lawsuit to be launched.

Rumors of the sale of WWE to the PIF of Saudi Arabia sent shares surging as much as 7% before falling when the rumors turned out to be speculation.

WWE Hall of Famer Ric Flair has hit out at two former WWE Board members after they resigned following the return of Vince McMahon.

What are the two people that got fired know about wrestling? Ignace Lahoud and Man Jit Singh stepped down from the Board on the 6th of January and so far have not been replaced. McMahon’s return at this time” and as a result, they stepped down.

Their returns caused JoEllen Lyons Dillon, Jeffrey Speed, and Alan Wexler to be removed from the Board of Directors, while Ignace Lahoud and Man Jit Singh ...

[reports](https://cultaholic.com/posts/multiple-outlets-report-sale-of-wwe-to-saudi-arabia-public-investment-fund) noted in the early hours of January 11 that a sale to the Saudi Arabia PIF had been agreed but that has since been denied. McMahon made his return to WWE last week, electing himself and former Co-Presidents George Barrios and Michelle Wilson to the Board of Directors on January 5. Lahoud and Singh agreed with the Board's decision to explore the Company's strategic alternatives, they did not agree with Mr.

McMahon returned to WWE on January 5 by electing himself, Michelle Wilson, and George Barrios to the Board of Directors and removing JoEllen Lyons Dillon, ...

Reports noted that McMahon threatened to withhold his support from any media rights deal or sale of WWE unless he was installed as Executive Chairman. McMahon was then elected Executive Chairman by the WWE Board of Directors on January 10, the same day that Stephanie McMahon resigned from the organisation. Furthermore, the lawsuit claims McMahon's return was timed to seize control of upcoming media rights negotiations and he threatened to not support any deal that was agreed without his involvement.

WWE star Charlotte Flair is back on top of the SmackDown women's division and she's working hard to stay there. The Queen, whose father is Hall of Famer Ric ...

[Metro Football on Snapchat](https://story.snapchat.com/p/bace44d9-d6f8-4ec0-b0d2-6448cf365eab/1436206298976256). [Metro Showbiz on Snapchat](https://story.snapchat.com/p/16289297-eb61-4990-9aab-45ce173b8058/). ‘I know I always have it, but it was just very rewarding after this journey that I’ve had for 10 years. [Mandy Rose feels ‘very hurt’ by WWE exit as she opens up on shock release for the first time](https://metro.co.uk/2023/01/10/mandy-rose-hurt-by-wwe-exit-as-she-finally-opens-up-on-shock-release-18074596/?ico=more_text_links) [challenge Ronda Rousey ](https://metro.co.uk/2022/12/31/wwe-charlotte-flair-beats-ronda-rousey-for-smackdown-womens-title-18017980/)for the women’s championship moments after the [UFC](https://metro.co.uk/tag/ufc/?ico=auto_link_entertainment_P3_LNK1) legend had overcome Raquel Gonzalez. [WWE](https://metro.co.uk/tag/wwe) star Charlotte Flair is back on top of the [SmackDown](https://metro.co.uk/tag/wrestling) women’s division and she’s working hard to stay there.

STAMFORD, Conn., January 12, 2022 – WWE^® (NYSE: WWE) today announced additional live events as part of the company's 2023 touring schedule. Tickets go on sale ...

If you are going to an upcoming event and want to help, email me at [email protected] - Monday, April 24: Raw – Allstate Arena in Chicago - Monday, April 10: Raw – Climate Pledge Arena in Seattle

Is Vince McMahon Selling WWE To Saudi Arabia's Public Investment Fund? Here's The Truth. By Sanika Achrekar , Jan 12 2023 5:35 pm.

Discovery, Netflix, Amazon, UFC owner Endeavor Group Holdings and Formula One owner Liberty Media to have shown some interest in purchasing the wrestling company. In July 2022, WWE owner Vince McMahon resigned as chairman after the company launched an investigation against him for sexual misconduct, according to Some media reports and sources are stating that the professional wrestling company is in talks to be sold to Saudi Arabia’s Public Investment Fund. Earlier this week, CNBC’s Alex Sherman tweeted about a potential sale by stating that WWE had hired JPMorgan to advise it on its financial dealings. However, Stephanie’s husband and former WWE champion Paul ‘Triple H’ Levesque will continue in his role as the CCO (Chief Content Officer) of the company. Stephanie had earlier shared CEO duties with Nick Khan, who is now the lone CEO of WWE.

Amid the ongoing uncertainty as to the future of WWE, what will happen if Vince McMahon does indeed end up selling the company?

Media rights deals for WWE are believed to need to be renewed in 2024 which means negotiations will begin in earnest in the first half of 2023. The boardroom musical chairs led to [Stephanie McMahon resigning her roles](https://tjrwrestling.net/news/stephanie-mcmahon-resigned-from-wwe/) and resuming her previously abandoned leave of absence from the company. Given the scandal that engulfed McMahon and led to his short-lived retirement, that is only likely to become a reality if the company is taken into private hands. If any of those companies end up taking over then Triple H could very well continue in his role as Chief Content Officer. However, what might be an issue is the fact that Those rumours were called