WWE has been on a roll for decades now and the company reported record profits for 2022. Whether you enjoy WWE programming or not there’s no denying that the company has become a major success from a financial standpoint. However, WWE’s finances didn’t always look as good as they do now.
During the Monday Night Wars, WWE went head to head with WCW and it’s been well documented that WCW beat WWE in the ratings 83 weeks in a row. It sounds like Vince McMahon had his back up against a wall, as Hulk Hogan explains in the latest A&E Biography: WWE Legends episode on the NWO that Vince was close to shutting the company down.
“That was the goal, was to become the number one company. I don’t think the goal was ever to put Vince out of business even though we got really, really close. I had a conversation with Vince where he was just a couple of weeks away from shutting the doors.”
Of course WWE has come a long way since then as Vince McMahon eventually bought WCW. Now Vince is trying to find a buyer for WWE as he returned to the company last month to pursue a potential sale. It was recently reported that Vince is looking for sell the company for $9 billion dollars. Only time will tell if a sale goes through. Stay tuned for updates.
H/T Sportskeeda
