The saga continues within WWE as talks of a sale continue to grow with “multiple wrestlers” reported to want out if the Saudi Arabia PIF buys the company.
January 10th saw major changes to the landscape of WWE as Stephanie McMahon announced her resignation from the company. Her decision comes mere days after her father Vince McMahon was reinstated to the WWE Board of Directors, and immediately after her announcement, the company issued a press release stating that Vince had been unanimously elected Executive Chairman of the Board.
Vince McMahon’s return to the company was said to have been done in order to prepare the sports entertainment empire for sale, and according to reports that have emerged that sale may have already been finalized.
Early reports suggested one talent within WWE had made it clear that they’d be “done” if such a sale took place but now Sean Ross Sapp of Fightful has reported that “multiple wrestlers” have told him that they will look to leave if the company is taken over by the Saudi Arabia Public Investment Fund.
The PIF is the sovereign wealth fund of Saudi Arabia and already owns a stake in the English football club Newcastle United as well as the LIV Golf organisation. The close links between the PIF and the Saudi government and royal family have proved divisive due to the human rights record in the country with things being brought into sharp focus following the 2018 murder of journalist Jamal Khashoggi.