With reports now looking like WWE being sold to the Saudi Arabia PIF is a non-starter, expert doubts have arisen over whether the company will be sold at all.
Rumours have swirled about the future of WWE since Vince McMahon sensationally swooped back into the company to take over as Executive Chairman while his daughter Stephanie McMahon announced her resignation as Chairwoman and CEO.
Reports emerged on the 10th of January that WWE was on the brink of being sold to the Saudi Arabia Public Investment Fund. While it seems Vince McMahon has been in talks with those in Saudi Arabia, WWE sources have called the story “completely false.”
CNBC’s financial and market news analyst David Faber spoke on his Faber Report about the stories surrounding a potential sale of WWE and suggested that the company might not be looking for that to happen at all:
“What I’m hearing is that you may see a process, you might see some books go out. Couple of investment banks being hired to send books out saying ‘hey, are you interested?’ But, I also hear from prospective buyers that it’s very much unclear whether Vince McMahon really would wanna sell this thing. If he were to, he’d still want run it, potentially. Do you really want Vince McMahon, you know, working for you, so to speak?”
“So some doubt out there as to, not whether or not you might see some sort of a process, but whether it would end up with this asset actually being sold.”
“The Saudi thing doesn’t appear to have a lot behind it right now.”
David Faber, periodista financiero importante en USA, descarta en CNBC rotundamente que haya un acuerdo de WWE para su venta a Arabia Saudí. No cree que en caso de haber venta sea inminente. También se pregunta cuál sería el rol de Vince si al final vende.pic.twitter.com/74J9gNTLIl
— De las Luchas (@DeLasLuchas) January 11, 2023
Media giants such as Netflix, Amazon, NBCUniversal, Disney, and even Warner Bros. Discovery – the broadcast partner of AEW – have all been touted as potential suitors, in addition to the PIF, if WWE is sold.