Vince McMahon, Executive Chairman and WWE’s majority shareholder, has been embroiled in a scandal over the past year over allegations of payments to silence complaints. The situation has been closely followed by the professional wrestling community and has sparked speculation about the future of the company. Despite the scandal, McMahon was able to maintain his position and continues to actively guide the direction of the company. Now it seems that Saudi Arabia is trying hard to buy a major media company.
Vince McMahon’s return to the board of directors was seen as a hostile takeover, as he displayed a new ruthlessness to regain control of WWE. The move was met with a lot of backlash for good reason. For this reason, he was appointed as the executive chairman of WWE after the resignation of Stephanie McMahon, while Nick Khan remained as the sole CEO.
Ringside News reports exclusively That Vince McMahon returned to the WWE offices in Stamford earlier this month. He brought back Brad Blum as his chief of staff, just a month and a half after WWE let him go.
time to talk Wrestling Observer RadioDave Meltzer noted that Saudi Arabia is trying to buy Liberty, the media company that currently owns Formula One.
They tried to buy Formula 1, they were rejected but offered just under $20 billion. Liberty, which owns it, has not sold it. So don’t think they won’t make a big bid for WWE. Liberty isn’t so high and mighty, they have a deal similar to their WWE deal, where they bring the Grand Prix to Saudi Arabia every year. They are willing to trade but not sell, but WWE is looking to sell. They want to achieve something big now, a big time major mainstream media buy.
A former WWE star WWE also wants to sell to Amazon. WWE CEO Nick Khan Vince McMahon is also believed to be ready to sell the company. Rock believes it too WWE’s new owners should be as enthusiastic as Vince McMahon. We’ll have to see if Saudi Arabia ends up buying the WWE.
Transcript by Ringside News
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