Posted on 01/11/2023 7:55:08 PM PST by nickcarraway
Saudi Public Investment Fund making an offer
The Wall Street Journal reported just days ago that Vince McMahon was returning to WWE to sell the company. Now, it seems that he is set to sell the company to Saudi Arabia.
It has only been a few months since the leader had stepped down as executive chairman due to a sexual harassment scandal. On doing so, he had handed over the reins of the entertainment giant to his daughter Stephanie and son-in-law Triple H, although he remained the majority shareholder.
Following a statement from WWE, it was confirmed last night that McMahon, 77, was indeed returning to his former position, an abrupt and unexpected move. Previously, his daughter Stephanie had stepped down as CO-CEO and Chairman of the Board.
Newcastle, LIV Golf...now WWE
According to several media outlets, this reshuffle was in order to accelerate a possible sale of the company. In fact, as per Steven Muehlhausen of DAZN News, WWE has already been sold to the Saudi Arabian Public Investment Fund.
The state-owned Investment fund also owns the Premier League's Newcastle United and LIV Golf. Reports suggest they have been interested in adding WWE to their portfolio for some time.
For the moment, the company has remained silent, although there are already many critical voices speaking up against the WWE boss for negotiating the possible sale of a symbol of the United States to the Middle Eastern country. This operation would also turn the company back into a private company and would return McMahon to his role as chief creative officer.
In all this, it is worth remembering also that it was only last June that McMahon left his positions on the Board after it became known that he had paid 12 million dollars to four women to avoid allegations of sexual misconduct.
The CCP is going to buy NASCAR next. They already own the NBA.
They own the NBA, they just didn’t buy it. The NBA just decided to simp for them.
Correcto mundo
The Saudis have been considering joining the BRICS countries the economic partnership of Brazil, India, China, Russia and South Africa.
World Wrestling Entertainment, Inc., doing business as WWE, is an American professional wrestling promotion. A global integrated media and entertainment company, WWE has also branched out into other fields, including film, American football, and various other business ventures. Wikipedia
Thanks
.......the lesser of Thank you....
Me too, as long as they keep their grubby hands off women’s beach volleyball. Hijabs would ruin the whole thing.
Resurrecting “The Iron Sheik”
Time for Skandar Akbar the 2nd.
So no Stacy Keibler like women allowed. I guess no women period!
https://tenor.com/view/stacy-keibler-stacy-keibler-legs-leggy-gif-25492814
I hear they prefer the term… govern.
I know a cure for UAU!
I used to walk the WWF in the 90s as a teen. It was hilarious. Haven’t watched it for nigh on 18 years now.
I think what made the WWF/WWE so popular was its soap opera lines - and especially Vince McMahon, the man you loved to hate.
That’s going to end when he sells it.
Saudi Arabia’s “investments” mostly turn out to be financial bombs in my knowledge. So I expect them to buy this and it to steadily lose value
Behold the burkini!!
yeah, it does ruin it...
What’s the problem? Someone else can just start up a competitor to WWE. Costs would be relatively low.
It’s not like it involves national security.
Don’t care about the LIV golf tour either.
Saudis can throw their money away any way they want.
“I think what made the WWF/WWE so popular was its soap opera lines - and especially Vince McMahon, the man you loved to hate.”
A LOT of people were rooting for Stone Cold Steve Austin to kick McMahon’s ass. Living out their fantasies of revenge against an heartless or control freak boss. The selling off WWE strikes me right now as just a rumor.
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