WWE Sources Say Firm Not Bought To Saudi Arabia
WWE has not been offered to Saudi Arabia’s Public Funding Fund … this in accordance with sources aware of the scenario.
TMZ Sports activities is informed … a deal has not been made between the 2 sides, regardless of widespread rumors saying in any other case.
The stories began to flow into Tuesday evening … claiming Vince McMahon secured an enormous payday for handing over the corporate reins to Saudi Arabia, which might take the WWE non-public as soon as once more.
The hypothesis got here simply days after Vince McMahon introduced himself again on to the group’s board of administrators … with the intent to assist with TV deal negotiations and discover a possible sale of the corporate.
Hours earlier than the reported Saudi Arabia deal, Vince’s daughter, Stephanie, introduced her departure from WWE … giving up her function as Co-CEO.
Stephanie McMahon Resigns As Co-CEO Of WWE Days After Vince’s Return
A sale to Saudi Arabia will surely trigger backlash with WWE followers … particularly contemplating the nation’s historical past of human rights violations.
The promotion even confronted criticism for inking a 10-year cope with SA in 2018.
Issues can at all times change … however as of proper now, we’re informed stories of a deal being set in stone are merely not true.