Lots of WWE sale news/reactions: Saudi, Khans, Stephanie
Added 2023-01-13 20:21:43 +0000 UTCThis week has been a wild one, with rumors of WWE selling all over the place. But so far, there's a ton of conjecture and speculation.
Tuesday, vague tweets emerged speaking of "monster news coming," which was in reference to the rumors of WWE selling to Saudi groups. However, WWE is still largely in the process of fielding suitors, although we have heard that Vince McMahon had spoken with Saudi group members during his WWE absence.
There was some mainstream coverage that several people with knowledge of the situation clarified for us, with one piece drawing multiple reactions.
From an Axios piece
Be smart: Even during his brief exodus from the company he ran for four decades, McMahon held all the power as WWE’s controlling shareholder.No deal was ever going to happen without his blessing, and his comeback — while tumultuous — has been well-received by Wall Street
There is a direct line drawn from Vince McMahon retiring, and the stock price, live event attendance, viewership and talent morale increasing. It was stressed to us after the Axios piece aired, that the general consensus is the "well received" nature from Wall Street was as a result of sale talk, not Vince McMahon returning.
Regarding reports that a sale to Saudis was done, several posts indicating that were deleted, as the outlets that employ those writers had requested they be taken down. Over the past week, there have been countless "guy who knows a guy" situations that have fed information to both mainstream outlets and wrestling media claiming deals with Disney and Saudi Arabia were both "as good as done deals," while other very plugged in, influential names in the business expect Comcast to make the purchase. You'll likely see many reports and claims that all of these are "done deals," but as highlighted by WCW/WWF/Fusient in 2001, we'll know when it's actually a done deal.
Fightful has reached out to contacts within Disney and Comcast, who spoke on the condition of anonymity about the possibility of a sale. Both companies had employees who had clearly heard of the rumors, and said that it would be hard to believe that any major company would want to retain Vince McMahon's services in any capacity if they could help it.
A huge rumor emerged this week from Barron that said that Tony Khan and his father Shad are among the name of a pool of potential suitors. One source that has been close with the Khans say they haven't heard this discussed but noted "it makes sense from every perspective to at least throw your name out there, for the very reasons that article even got published. There are a lot of interesting elements, but I wouldn't think it's going to happen. Then again, it's wrestling, and far wilder things have happened." That same source said that the publicity associated with even having the Khans mentioned in connection to the WWE sale was a positive, though they weren't sure that was a motivating factor. The same person said if the Khans did buy it, it'd likely be with a group led by them.
The roster morale and reception to Stephanie McMahon and Nick Khan as compared to Vince McMahon has been night and day. Even Triple H's guidance has led to talent and staff telling us that work is more fun for them, while we've heard rumors that Vince McMahon has already sent word to some departments to say they're doing things wrong since his return. Stephanie was among the board that unanimously agreed that Vince McMahon's return wasn't in the best interest of the company. Though there have been reports that Stephanie McMahon and husband Triple H opposed a sale, we're told they were willing to work towards the progression of a sale. We've also been told by people of influence in the companies of at least two potential suitors that they believe there would be roles in WWE post-sale for Stephanie and Paul Levesque (Triple H) if they wished to continue.
Regarding reports from Wrestling Observer Newsletter that Vince McMahon and Stephanie McMahon had issues working together as family members, it was noted to us by several sources at WWE HQ that when Stephanie's team was dismantled, a usually composed Stephanie was disheartened and frustrated about how it happened.
There were some concerned extras of late who popped up backstage at WWE shows and saw "Vince's office" listed on a directory. We're told that just hasn't changed since he left and they use the same board. Talent is still very worried about Vince McMahon returning to creative.
Comments
A really comprehensive and thourough report, thanks for the update sean.
Ben Williams
2023-01-14 19:21:26 +0000 UTCWhen literally everyone in your company doesn't want you back, you might as well stop acting like they're doing everything wrong and just acknowledge that you're the asshole here and should just leave it be.
CSDX
2023-01-14 05:19:21 +0000 UTCYes
Michael Organ
2023-01-14 01:34:08 +0000 UTCStephanie's team dismantled... the brand team?
2023-01-13 22:54:26 +0000 UTCI'm willing to bet once the sale happens nick Khan is walking out the door with his millions. As far as HHH goes he really doesn't have a choice they are going to lose the company & it's going to take another billionaire to buy it
2023-01-13 21:49:29 +0000 UTCI can't see Nick or HHH Steph retain any kind of ownership. On top of that, Tony doesn't have the best relationship with Nick or HHH.
Jeffrey Perullo
2023-01-13 21:36:55 +0000 UTCThank you for this.. really insightful stuff! Very interesting also to say the least
Dylan Stewart
2023-01-13 20:47:39 +0000 UTCWe will all know who bought. the company. When the owner comes on Monday Night Raw and tells us.
NateF_81
2023-01-13 20:45:38 +0000 UTCSo weird to keep a "Vince Office" sign up considering he had been gone for 5 months 😂
2023-01-13 20:36:03 +0000 UTCI'm just imagining Tozawa reaching into his closet, sadly packing his ninja gear 😢
@p_wol
2023-01-13 20:35:16 +0000 UTCI like that idea. I dont see them getting ownership otherwise.
Scott Newcomb
2023-01-13 20:35:00 +0000 UTCJust took the plunge to sign up, keep up the good work all.
Daniel Parris
2023-01-13 20:31:40 +0000 UTCif Comcast,Disney,or anyone else buys the company then the McMahon's lose ownership,they might keep Stephanie or triple h in charge but they won't own it. If the saudis buy WWE then they might keep Vince in charge. Stephanie & triple h's best bet would be to partner up with Tony & his dad & whatever other investors they can get & buy the company,they wouldn't be majority owners but at least they'd still retain some ownership & seeing as how tony already has his hands full with AEW,ROH & the jags i don't think he could possibly run it so they'd most likely leave it to triple h
2023-01-13 20:31:03 +0000 UTCThe fact that Vince is already telling some departments that they're doing things wrong is crazy. Morale changing by one man retuning should tell you everything you need to know.
Geo
2023-01-13 20:29:44 +0000 UTC