Major Update On Vince McMahon Selling WWE To Saudi Arabia

Vince McMahon has been shaking things up in a big way since he returned to the WWE Board of Directors last week, and it was reported on Tuesday night that Vince had sold the company to the Saudi Arabia Public Investment Fund with plans to take WWE private once again. Cassidy Haynes has since posted an update on his original report noting that the deal has been agreed to in principle, but has not been finalized.

TMZ is reporting that although things could change, as of right now a deal between WWE and Saudi Arabia is not set in stone. Ariel Helwani is also reporting that at this precise moment a deal is not in place for WWE to be sold to the Saudi Arabia Public Investment Fund as the company is still exploring all options.

Hours before the talk of Vince McMahon selling to Saudi Arabia started making the rounds Stephanie McMahon announced her resignation from WWE. As of this writing WWE has not issued any sort of statement or comment on the sale rumors. Stay tuned for updates.