Possible Deadline For WWE Sale Given
Amid speculation that WWE could be sold imminently, there has been a suggestion that one date could act as a deadline for such a sale to take place, and it’s sooner than many would think.
Since Vince McMahon strong-armed his way back onto WWE’s Board of Directors at the beginning of 2023, rumours have run rampant that the company is gearing itself up for a sale, although confirmed details of such a process have been thin on the ground.
WWE recently confirmed that its King and Queen Of The Ring event will take place in Jeddah, Saudi Arabia on May 27th and that date could prove important to the company in more ways than one.
Brandon Thurston of Wrestlenomics has noted that the 27th of May could be a pivotal date for the company if it is not sold or taken into private ownership by then:
“If WWE isn’t sold or taken private by this date, then I doubt a transaction happens, given timing around Raw and Smackdown TV deals that need to be made. Q1 earnings call earlier in May could be another moment for clarity.”
Recently comments from Endeavor – the company which owns UFC – have indicated that they might not be in the running to buy WWE. This could leave the door open for the Saudi Arabia Public Investment Fund as the front-runner to buy the company with an eye-watering figure of $9 billion being suggested as the price.