WWE in rumours of sale to Saudi Arabia's Public Investment Fund following Vince McMahon's return

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WWE in rumours of sale to Saudi Arabia's Public Investment Fund following Vince McMahon's return

reports claims from insiders that a deal hasn't been fully finalised, because there are certain obligations that it must first meet for a sale as a publicly-traded company. Its report adds that an agreement has been reached in principle.

WWE hasn't yet commented on the reports, or speculation that the company will be taken private again. It became a publicly-traded company in October 1999. Speculation about WWE's sale comes just hours after Vince McMahon was elected Executive Chairman of the Board.last July, but remained the company's controlling shareholder. Last week he appointment himself to the company's board of directors alongside former co-presidents and directors, Michelle Wilson and George Barrio.

"WWE is in such a strong position, that I have decided to return to my leave and take it one step further with my official resignation. I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan." Since 2014, WWE has been promoting events in Saudi Arabia. Initially un-televised, the first Saudi Arabia PPV was the Greatest Royal Rumble in 2018.Catch up on Raw, Smackdown, NXT and all the big WWE action via the

 

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