WWE’s Potential Sale To Saudi Arabia Reportedly Discussed Backstage
Since its inception as the Capitol Wrestling Corporation, WWE was run as a family business owned by the McMahon Family till Vince McMahon stepped away from the promotion in 2022.
After buying the company from his father, Vince McMahon ran things for over four decades before he left. Following his departure, the creative control of the promotion was taken over by his son-in-law, Paul ‘Triple H’ Levesque.
The majority shares of the company were then sold in 2023 to the Endeavor Group, the parent company of UFC, in a merger that saw the creation of the TKO Group, which currently owns the promotion.
WWE might be bought by Saudi Arabia in the near future
The promotion’s former head of creative, Vince Russo, has been saying for the last few months that TKO will sell the company if they get the right offer and that Saudi Arabia will be the one to buy World Wrestling Entertainment.
While talking on the latest episode of the Coach and Bro show, Jonathan Coachman and Vince Russo discussed the potential Saudi Arabia takeover, where Coachman revealed that this is something that has been discussed backstage in the Stamford-based promotion.
“I get a call, and I’ve been told that our narrative [of Saudi Arabia buying WWE] that we’ve been preaching for six months to a year has started to become a topic of conversation, and that a lot of people agree with us. The whole purpose of having the Royal Rumble event in Saudi Arabia in January—which is now this month—is a test. A test to see how Saudi Arabia addresses, holds PLEs, and things of that nature. Then, in 15 months, when WrestleMania goes to the same country, that would be the ideal time [for the takeover]. It’s not only becoming a topic that you and I talk about, but it’s actually being talked about backstage in the WWE.”
WWE made a 10-year-deal with Saudi Arabia back in 2018 and it has proven successful for both parties in the years since. If the rumors of this deal turn out to be true, the deal can end with a potential takeover of the company.
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