Vince McMahon’s huge asking price for the WWE sale Revealed

WWE Chairman is reportedly asking for more money than its current market value as the sale conversations move further.

Vince McMahon’s huge asking price for the WWE sale Revealed

Vince McMahon (via WWE)

This year started with a bang as Vince McMahon‘s return to WWE became the talk of the town. While the fans were worried that the 77-year-old might gain full control of WWE, including its on-screen product, nothing as such has happened yet. Vince soon assumed his former rank of Chairman and restricted his role to the management of WWE. Now, the owner of the company has finally put a price on his greatest creation as the negotiations move forward.

According to Bloomberg’s recent report, Vince McMahon is asking for $9 billion for his wrestling empire. The report notes that this asking price is 37% higher than WWE’s current market value of $6.5 billion and seven times higher than its sales of $1.29 billion last year. Since the news of the sale broke, WWE stocks have seen a steep rise of 30% this year.

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The WWE’s TV deals with FOX and USA networks are coming to an end after this year. Seeing it as an appropriate time, the company decided to potentially sell its major shares to another private conglomerate. Taking advantage of the situation, Vince McMahon plotted a masterful return to his own company in January. The former CEO is still the largest shareholder in WWE, so he was in a position to force his way back.

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McMahon was forced to retire from WWE after he came under the spotlight for sexual misconduct allegations. WWE has promised its stakeholders that Vince’s return to the company is temporary and that he is only here to facilitate its sale. Nick Khan has even directly mentioned in an investor’s call that McMahon will step down once again after the sale is complete.

Related: WWE CEO believes Vince McMahon won’t hamper shareholders’ profit after the company’s sale

Who are the potential buyers for the WWE?

Vince McMahon
Saudi is among the top bidders for WWE (via WWE)

The list of potential buyers for the Stanford-based company has some interesting names on it. The Endeavor Group, the owner of UFC, is currently one of the frontrunners in the bid for WWE. However, they would need financial help from a third party, as the report claims their current market capitalization is $10.4 billion, just above Vince McMahon’s asking price.

A few weeks ago, there were reports that Saudi Arabia’s Public Investment Fund had already bought WWE. These rumors were quickly debunked, as WWE is still looking for potential buyers in the market. The Middle Eastern country could still possibly buy the American Wrestling Company as it has already invested in various other sports and media businesses.

The list of other potential buyers also includes Netflix, Disney, Comcast (NBC Universal), and Fox Corp. However, these companies are not much interested in the deal, with CNBC’s David Faber explicitly saying that the deal between Comcast and WWE would “probably not” happen.

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