More Details On WWE Being Sold To Endeavor
There are more details out about the massive news of the day with WWE being sold to Endeavor.
Earlier this morning just hours after WrestleMania 39 ended in Los Angeles, the Endeavor Group officially announced that it had agreed to a $21 billion deal to form a new company that will encompass both UFC and WWE in the biggest shake-up in the wrestling world in decades.
From the press earlier today:
Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.
The new company will be led by Emanuel (Chief Executive Officer), who will also continue in his role as Chief Executive Officer of Endeavor, McMahon (Executive Chairman of the Board) and Mark Shapiro, who will be President and Chief Operating Officer of both Endeavor and the new company. Dana White will continue in his role as President of UFC and Nick Khan will serve as President of WWE. The Board of Directors will consist of 11 members who will be appointed at a later date, six of whom will be appointed by Endeavor and five of whom by WWE.
Moving forward, Fightful Select is reporting that there will be a company-wide WWE meeting today at 4 p.m. ET. There was also a company-wide email stating that Triple H will continue as the main booker in WWE as the Chief Content Officer. Vince McMahon said earlier on Monday that he “wouldn’t be in the weeds” anymore creatively, but he might have a say in major stories overall.
It is also expected that Triple H will kick off tonight’s Raw with some sort of big announcement.
The Fightful Select report continued by saying that WWE being sold to Endeavor did not have an effect on the finish of the Roman Reigns-Cody Rhodes match finish at WrestleMania 39.
There is speculation among some people in WWE that Vince McMahon found a suitor that was going to keep him around, which Endeavor plans on doing. Some of the rumored suitors apparently viewed Vince’s presence as a hurdle.
There are also plans for WWE to expand internationally, according to Fightful’s report. There are upcoming rights fee negotiations in the UK where WWE is looking to make more money and increase their visibility in that market. WWE also believes they should be making more on their television deals internationally.
With regard to WWE Premium Live Events, WWE is not planning to change PLE shows to a pay-per-view situation, at least for the time being. While anything is possible, it would likely have to be a huge deal that would be difficult to turn down. There is also the WWE Peacock deal that started in 2021 and lasts for five years until 2026.
Lastly, the WWE hiring process slowed down a lot recently likely due to the impending sale. There is no definitive answer about if there will be releases in the future.