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WWE Reportedly To Go Private After Sale To Saudi Investment Fund

By Sondra Ruth • Published 11th January 2023
WWE HQ logo WWE Corporate Headquarters

After the tumultuous events of January 10th, conflicting reports have emerged as to whether WWE has already been sold to the Saudi Investment Fund.

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 throughout the night, that sale may have already been finalized.

Cassidy Haynes of Bodyslam.net reported the sale of WWE in a tweet, stating:

“For what it’s worth, I’m told the Saudi deal is done and they’re taking the company private.”

Steve Muehlhausen of DAZN also reported the news, adding that some within the company expect Vince McMahon to regain creative duties, taking over part of the job now done by Triple H as Chief Content Officer.

“Sources: #WWE has been sold to Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people.”

https://twitter.com/SMuehlhausenJr/status/1613014122517655552?s=20&t=J8TQ8w9y92UcLRlLMOhTYg

However, Fightful’s Sean Ross Sapp states that while he has heard the same rumors of a sale, he has not been able to confirm the news with anyone within the company, and also notes that some within WWE don’t believe the news is true. His series of tweets can be seen below.

“More on the HOT SAUDI RUMOR: that the WWE sale is done they’ll go private. I haven’t confirmed any of this. At all. But hey, you guys wanna know what all of the dark twitter tweets are about.

Bovada, which sent Fightful betting odds just hours ago on who would buy WWE, is no longer taking bets on it

Again — NOBODY IN WWE HAS CONFIRMED THIS — some have even said they don’t believe it!

‘Wrestling Twitter tweeted things so loud and vague they were startled by their own echos I think’ is a message I was sent by a colleague and something I completely agree with, and could VERY WELL BE THE CASE! I’m sure WWE will need to say something sooner or later.”

Stay tuned to TJRWrestling.net for updates on this developing story.