Vince McMahon reportedly sells WWE and goes private after Stephanie McMahon’s resignation
Stephanie McMahon resigned from WWE as the co-CEO a few hurs ago. This has been followed by rumors of WWE being sold by Vince McMahon.
Vince McMahon in WWE
Stephanie McMahon announced her resignation as the co-CEO of WWE a few hours ago. The WWE Universe couldn’t digest this move after Vince McMahon’s shocking return to the company and a position in the Board. This was a huge move from the former co-CEO and Chairman of WWE which has now changed the landscape of the pro-wrestling industry.
Following this move, Vince McMahon has been promoted as the Executive Chairman of WWE while Nick Khan has been named the CEO of the company. Now, rumors have completely left fans stunned. As per the recent rumors, WWE has been sold to the Saudi Arabia Public Investment Fund and the move has reportedly come following Stephanie’s resignation.
There were rumors that many companies including Amazon, Warner Bros. Discovery, and more were interested in buying the company. Though there is no official statement till now, the rumors say that the company has been sold. This may be the possible reason Stephanie McMahon resigned and resumed her leave.
WWE has some huge plans in place for 2023
This year is going to be a wonderful one for WWE. But the company’s sale may go down as one of the most shocking moments in the history of the pro-wrestling industry. With Royal Rumble 2023 on the horizon, fans are excited for the rumored returns of Cody Rhodes and the People’s Champion, the Rock.
Apart from a return, the Rock is also rumored to win the Rumble and face his cousin Roman Reigns is a first-time-ever match at WrestleMania 39. Stone Cold Steve Austin and John Cena are also expected to ake their presence felt at the iconic edition of the Grandest Stage of them All.
Cody Rhodes is rumored to face his arch rival in Seth Rollins at WrestleMania 39 which is expected to be another banger of a match. Logan paul is also rumored to be at the event and will reportedly face John Cena in what many are calling a once in a lifetime opportunity for the young star.
Money in the Bank will also be featured in the UK which was a successful location when WWE hosted the Clash at the Castle premium live event. Following some huge matches rumored, things are expected to go extreme in the next few months and fans are already excited for those.
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