{"id":183399,"date":"2023-01-11T07:50:51","date_gmt":"2023-01-11T07:50:51","guid":{"rendered":"https:\/\/harchi90.com\/vince-mcmahon-reportedly-sells-wwe-to-saudi-arabia-pif\/"},"modified":"2023-01-11T07:50:51","modified_gmt":"2023-01-11T07:50:51","slug":"vince-mcmahon-reportedly-sells-wwe-to-saudi-arabia-pif","status":"publish","type":"post","link":"https:\/\/harchi90.com\/vince-mcmahon-reportedly-sells-wwe-to-saudi-arabia-pif\/","title":{"rendered":"Vince McMahon Reportedly Sells WWE to Saudi Arabia PIF"},"content":{"rendered":"
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(Photo by Ethan Miller\/Getty Images)<\/figcaption><\/p>\n<\/figure>\n

World Wrestling Entertainment is reportedly being sold to Saudi Arabia’s Public Investment Fund.<\/p>\n

The news comes just hours after the bombshell that Stephanie McMahon had resigned from the company after her father Vince McMahon had returned as Chairman of the Board. McMahon, who owns controlling shares of the company, is said to have sold the company to Saudi Arabia in a move that will take the company off the public stock market and back to being a private business per DAZN pro wrestling reporter Steven Muehlhausen.<\/p>\n

WWE, which is the leading professional wrestling company and has broadcasting deals with USA Network, Peacock, and Fox, went public back on August 3, 1999. Previously, the business was owned by the McMahon family.<\/p>\n

News of a sale isn’t completely shocking as McMahon made it clear that he intended to return in order to sell the company.<\/p>\n

\u201cWWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,\u201d said McMahon last week. \u201cThe only way for WWE to fully capitalize on this opportunity is for me to return as executive chairman and support the management team in the negotiations for our media rights and to combine that with a review of strategic alternatives. My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder.\u201d<\/p>\n

Last year, McMahon came under fire over various reports alleging the former chairman of having paid upwards of $12 million in hush money to various women to cover up claims of sexual misconduct and infidelity. An initial report that alleged McMahon had paid $3 million in hush money to a woman that he was allegedly having an affair with. As a result of that report, McMahon stepped back from his role as chief executive officer of WWE while the board continued its investigation.<\/p>\n

The post Vince McMahon Reportedly Sells WWE to Saudi Arabia PIF appeared first on ComingSoon.net – Movie Trailers, TV & Streaming News, and More.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

(Photo by Ethan Miller\/Getty Images) World Wrestling Entertainment is reportedly being sold to Saudi Arabia’s Public Investment Fund. The news comes just hours after the bombshell that Stephanie McMahon had resigned from the company after her father Vince McMahon had returned as Chairman of the Board. McMahon, who owns controlling shares of the company, is …<\/p>\n

Vince McMahon Reportedly Sells WWE to Saudi Arabia PIF<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nVince McMahon Reportedly Sells WWE to Saudi Arabia PIF - harchi90<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiVWh0dHBzOi8vd3d3LnlhaG9vLmNvbS9lbnRlcnRhaW5tZW50L3ZpbmNlLW1jbWFob24tcmVwb3J0ZWRseS1zZWxscy13d2UtMDMzOTI2MTA1Lmh0bWzSAV1odHRwczovL3d3dy55YWhvby5jb20vYW1waHRtbC9lbnRlcnRhaW5tZW50L3ZpbmNlLW1jbWFob24tcmVwb3J0ZWRseS1zZWxscy13d2UtMDMzOTI2MTA1Lmh0bWw?oc=5\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vince McMahon Reportedly Sells WWE to Saudi Arabia PIF - harchi90\" \/>\n<meta property=\"og:description\" content=\"(Photo by Ethan Miller\/Getty Images) World Wrestling Entertainment is reportedly being sold to Saudi Arabia’s Public Investment Fund. 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Some top WWE wrestlers are prepared to leave the\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"Vince-McMahon-Smackdown","src":"https:\/\/i0.wp.com\/static1.cbrimages.com\/wordpress\/wp-content\/uploads\/2020\/05\/Vince-McMahon-Smackdown.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":183622,"url":"https:\/\/harchi90.com\/wwe-sold-to-saudi-arabia-stephanie-mcmahon-resigns-report\/","url_meta":{"origin":183399,"position":1},"title":"WWE sold to Saudi Arabia, Stephanie McMahon resigns: report","date":"January 11, 2023","format":false,"excerpt":"(From left) Vince McMahon, Stephanie McMahon, and Paul \u201cTriple H\u201d Levesquephoto: Getty ImagesIf Vince McMahon has indeed left WWE to Saudi Arabia's Public Investment Fund, well, that's something every wrestling fan knew could happen for a while. Though no deal has yet been officially confirmed or even addressed, it's always\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":183660,"url":"https:\/\/harchi90.com\/report-wwe-sold-to-saudi-arabia-public-investment-fund-company-going-private\/","url_meta":{"origin":183399,"position":2},"title":"Report: WWE Sold To Saudi Arabia Public Investment Fund, Company Going Private","date":"January 11, 2023","format":false,"excerpt":"WWE Share this article with friends *** UPDATE \u2013 The latest update suggests the deal is \u201cagreed in principle\u201d but \u201cisn't completely finalized\u201d yet \u2013 read more at this link *** Steven Muehlhausen of DAZN tweeted: Sources: #WWE has been sold to Saudi Arabia's Public Investment Fund. The company will\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":184071,"url":"https:\/\/harchi90.com\/everyone-is-waiting-for-wwe-to-deny-its-been-sold-to-saudi-arabia\/","url_meta":{"origin":183399,"position":3},"title":"Everyone is waiting for WWE to deny its been sold to Saudi Arabia","date":"January 12, 2023","format":false,"excerpt":"you can tell by the ensuing chaos and litigation that Vince is back.Image: Getty ImagesA Tuesday night Twitter storm gave way to endless speculation that WWE would be left to Saudi Arabia's Public Investment Fund. it whipped professional wrestling fans into a frenzy, nearly blinding them to the denial that\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":183464,"url":"https:\/\/harchi90.com\/breaking-report-wwe-sold-to-saudi-arabias-public-investment-fund\/","url_meta":{"origin":183399,"position":4},"title":"BREAKING REPORT: WWE Sold To Saudi Arabia’s Public Investment Fund","date":"January 11, 2023","format":false,"excerpt":"WWE has reportedly been sold to Saudi Arabia's Public Investment Fund.Just hours after the news surfaced that Stephanie McMahon has resigned from the company after her father, Vince McMahon, was elected as Executive Chairman of WWE's Board of Directors, it is being reported that a deal between WWE and Saudi\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":181662,"url":"https:\/\/harchi90.com\/vince-mcmahon-returns-to-wwe-as-a-board-member\/","url_meta":{"origin":183399,"position":5},"title":"Vince McMahon returns to WWE as a board member","date":"January 9, 2023","format":false,"excerpt":"new York CNN \u2014 Former World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. WWE on Friday confirmed McMahon's return, also announcing in a press release that it \u201cintends to undertake\u2026","rel":"","context":"In "Entertainment"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/media.zenfs.com\/en\/comingsoon_net_477\/058a2cec205d69db5efe978df1419953","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/183399"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=183399"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/183399\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=183399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=183399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=183399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}