Belief that many talents will leave the company if WWE gets sold to Saudi Arabia’s PIF
Vince McMahon is back from retirement and is now the executive chairman of the WWE. It is said said that the company might be sold to Saudi Arabia's PIF. If that happens many of the top wrestlers might depart from the company.
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WWE might be sold top Saudi Arabia's PIF.
When Vince McMahon announced his retirement from the WWE, the wrestling world was taken aback. McMahon returned to the company as executive chairman in the first week of 2023. McMahon’s purpose of returning to the company is said to be him finding the best deal for WWE to be sold.
As the Stamford-based company’s TV rights expire in October of this year, a possible solution for them might be to sell the company instead of renewing the rights for billions. By staying out of a bidding war for TV rights, the buyer will end up saving money in the long term.
Earlier today, it was reported that Vince had sold the company to Saudi Arabia’s public investment fund. However, according to the latest report, WWE is still looking for more options, and reports that they have sold it to Saudi Arabia’s PIF are completely untrue. However, if the deal does happen, fans will see many of its talents leave the company.
During a recent Fightful live stream, Sean Ross Sapp mentioned Sami Zayn as one of the WWE superstars who might not be a part of the company if the deal takes place. Kevin Owens, along with his real-life best friend, has also boycotted all the WWE’s Saudi events.
RELATED: Vince McMahon reportedly sells WWE and goes private after Stephanie McMahon’s resignation
Will Vince McMahon take control of WWE’s creative aspect?
When Vince McMahon announced his retirement from the WWE in July 2022, Triple H, Stephanie McMahon, and Nick Khan took over the company. The Game’s appointment as Chief Content Officer resulted in numerous changes to the company’s current product. Fans saw many released talents return to the company.
The ratings as compared to Vince McMahon’s regime were quite different, with major improvements. Fans appreciated and praised the advancement of various storylines. Many wrestlers, too, expressed comfort and spoke of creative freedom while working under the Triple H regime.
Even though McMahon is known as a pioneer in the wrestling industry and was a big factor in the success of the WWE in the 1990s and 2000s, some of the decisions he made in the last few years of his presidency drew criticism from a lot of people. These decisions were mostly related to the booking of wrestlers and the creative aspect.
With Vince McMahon back as executive chairman, many people have expressed concern over him taking the company’s creative aspect into his hands. Dave Meltzer of the Wrestling Observer Newsletter has now spoken about whether McMahon will take control of the creative aspect.
He said that the primary reason that McMahon is back is that he is ensuring that WWE gets the best deal in terms of getting sold. Once that happens, McMahon might never get back to the creative aspect.
“The idea of Vince taking charge and everything like that, I don’t see that happening for a couple of months, I don’t think that’s happening this week or anything like that. He basically filed a thing that said he’s only gonna be working when it comes to the sale or the TV deal. And as long as they are a public company, he does have to actually abide by that.”
News of Stephanie McMahon’s resignation as co-CEO of the WWE startled the wrestling community. The departure came less than a week after Vince McMahon came back from retirement. The company’s only CEO going forward will be Nick Khan.
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Rahul Amare
(825 Articles Published)