Here’s When Vince McMahon Started WWE Sale Talks With Saudi Arabia

WWE

UPDATE: New reports have denied that WWE has agreed to sell to Saudi Arabia. More at this link. 

An update has emerged on talks between Vince McMahon and Saudi Arabia following reports about a potential WWE company sale.

As previously reported, it has been indicated that WWE has agreed in principle to sell to the Saudi Arabia Public Investment Fund.

Vince McMahon returned to the WWE board of directors at the beginning of the year, reportedly as the company was being advised about a potential sale.

Per Dave Meltzer on Wrestling Observer Radio, Vince McMahon was in talks with Saudi Arabia prior to his recent return.

Meltzer noted:

“One thing we do know about this story is that ever since was ousted he did open up talks with the Saudis. So this didn’t come in the last week.

“His coming back was obviously to close a deal that perhaps the people who are running the company – for all the reasons we’re talking about – probably felt very uneasy about the deal closing because they’re perhaps looking out for the long-term (future) of the company and their own asses too.”

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Prior to reports emerging about the agreement in principle, Chairwoman and co-CEO Stephanie McMahon shared a statement announcing her resignation.

For more details on the WWE-Saudi Arabia situation, click here.

We will continue to provide updates as they become available.

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• Sale
• saudi arabia
• Vince McMahon
• wwe

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