As rumours swirl about WWE potentially being sold to Saudi Arabia, a report suggests that at least one WWE star would be looking to leave if that happened.
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.
Cassidy Haynes of Bodyslam.net and Steve Muehlhausen of DAZN both reported that WWE may well have already been sold to Saudi Arabia’s Public Investment Fund. The PIF is the sovereign wealth fund of Saudi Arabia which helped fund the takeover of Newcastle United Football Club in England as well as start the controversial LIV Golf organisation.
As an extension of the Saudi Arabian state, the PIF has courted controversy due to the human rights record in the country as well as the 2018 murder of journalist Jamal Ahmad Khashoggi which has been linked to the Kingdom’s government and royal family.
It should be stressed that there is no confirmation as of yet that this sale has happened. However, Fightful Select has noted that while nobody they have spoken to within WWE has heard about the sale, one WWE talent noted that they’d be “done” if such a takeover took place.
Regardless of the alleged sale, it is also noted in the report that there is an “incredible amount of concern” in the company due to the resurgence of Vince McMahon in the company.