Nick Khan Sends Message To WWE Staff Following Takeover

Nick Khan has addressed WWE employees in the wake of the takeover by Endeavor.

The majority ownership of WWE by Vince McMahon has come to an end with Endeavor completing their multi-billion dollar takeover of the company. WWE has now been merged with UFC under the umbrella of the TKO Group which began trading on the New York Stock Exchange at the opening bell on the 12th of September.

Speculation regarding the takeover had suggested that jobs could be lost in WWE imminently and staff in the company were said to be “gritting their teeth” in the run-up to it being finalised.

What did Nick Khan tell WWE employees?

Nick Khan – who moves from his role as CEO to WWE President – has addressed the company’s staff in an email sent on the morning of the takeover. The message reads:

“This morning, we announced that WWE and the UFC have officially come together to form TKO Group Holdings, creating a new premium sports and entertainment company. TKO will begin trading today on the New York Stock Exchange under the ticker symbol “TKO.”

A big thank you to all of you for the hard work and commitment that helped us achieve this milestone.

As we now begin this transition, we will be in touch with more details. In the interim, we will be communicating with each of you regarding new policies and procedures. HR will also be available to answer any and all questions you may have.

We know when companies undergo change it can feel like uncertain times. The special culture that WWE has cultivated over its long history is what has allowed our business to flourish and we will be preserving that as WWE and UFC both continue to grow together as part of TKO.

As always, well continue to focus on the work throughout this transition and make sure to communicate with all of you throughout the process. Thank you, Nick Khan.”

Whether or not this will soothe any fears felt by WWE employees over their future job security remains to be seen.