The news of Vince McMahon returning to WWE to help facilitate a sale of the company has been a major story in 2023 so far.
McMahon recently anointed himself executive chairman to help oversee a sale and potential media rights deals for the company.
Since the rumours of a sale have emerged, a major rumour emerged that WWE were planning on selling to the Saudi Arabian Public Investment Fund.
While the rumours that a sale had been set in stone were later reported to be false, the Saudi Arabian Public Investment Fund still remain a potential buyer for the company.
Other names have been speculated about potentially buying the company, with WWE CEO Nick Khan reportedly meeting up with Disney and ESPN executives this past week.
Now, in a strange twist, Barrons, the sister publication of the Wall Street Journal, has written an article about potential suitors for the company, specifically naming All Elite Wrestling, claiming that the Khan family would look for a financial partner to acquire the asset.
All Elite Wrestling—the top rival to WWE, led by Tony Khan and family—is in the pool of potential buyers for WWE, a person close to the potential transaction told Barron’s, adding that the Khans will likely look for a financial partner to acquire the asset.
Tony Khan’s father Shahid Khan, a co-owner of AEW, already owns the football team Jacksonville Jaguars and the English soccer club Fulham Football Club, indicating the duo have deep pockets.
You can read the full article here.
Tony Khan recently said in an interview that he was following news about a WWE sale “very closely”.
On January 6, using his power as majority owner, Vince McMahon put himself and former WWE presidents George Barrios and Michelle Wilson back on the company’s Board of Directors, disposing of JoEllen Lyons Dillon, Jeffrey R Speed, and Alan M Wexler in the process.
McMahon had stated that his intention was to facilitate a sale of the company.
He changed bylaws to ensure that no sale or media rights deal could be completed without his approval.
Upon McMahon’s return, two further Board members resigned of their own volition, those being Man Jit Singh – who was the one heading up the Board’s investigation into McMahon – and Ignace Lahoud.
Stephanie McMahon then resigned from her role as co-CEO and Chairwoman and her position on the Board on January 10, as Vince McMahon was elected Executive Chairman.
There has been much speculation that Vince McMahon was looking to sell to a party that would commit to keeping him in charge of the company despite the multiple sexual assault allegations that have surfaced in the past year that led to his initial ‘retirement’ in July.
We will provide more updates on the situation as they become available.
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