A new report has seemingly poured cold water over an earlier notion that Stephanie McMahon and Triple H were against WWE being sold.
Vince McMahon stunned the wrestling world once again on the 6th of January 2023 when he forced his way back onto WWE’s Board of Directors along with former company co-Presidents Michelle Wilson and George Barrios as he sought to re-establish his authority at the top of the company. A move that has caused a class action lawsuit to be launched.
McMahon’s power grab was complete on the 10th of January when he was appointed Executive Chairman while his daughter Stephanie McMahon resigned as Chairwoman and co-CEO, leaving Nick Khan as the sole CEO of WWE.
As a result of the boardroom shuffle, reports suggested WWE was on the brink of being sold to the Saudi Arabia Public Investment Fund but these were later called “completely false” by a source within the company. Another report then suggested that Triple H and Stephanie McMahon are opposed to any kind of sale but that may not be the case.
Speaking on Wrestling Observer Radio, Dave Meltzer noted that both McMahon and Triple H (Paul Levesque) are very much open to a sale:
“One of them [the various stories about a WWE sale] was they were opposed to a sale. From what I am told, Paul and Stephanie, they are not opposed to a sale, and they knew that at some those Vince’s shares [he’s the majority shareholder of B-class stock] were an albatross, and at some point, somebody had to get rid of those shares anyway or Vince would take over.”
“So, they were not like saying we have to sell. It’s Vince who pretty much made that call because of the timing, and maybe, again, he’s farther along the Saudi deal, which is maybe where those rumors came from. And knew the timing and everything like that because he jumped in for the sale. Anyways, it’s not like they are opposed to a sale. It’s not like they champion the sale, either. They were, either way [about it].”
There are plenty of runners and riders in terms of who might buy WWE, with the improbable scenario of Tony Khan and his father buying the company also being floated.