Vince McMahon returned to the WWE Board of Directors last week with the intention of trying to sell WWE ahead of the company’s upcoming media rights negotiations. It was recently reported that WWE has hired JPMorgan to help advise the company on a potential sale, and it’s believed that the goal is to sell the company by the middle of the year.
Conrad Thompson recently addressed a potential sale on the What Happened When podcast while claiming that Nick Khan has a deal with Vince McMahon that sets him up for a big payday if WWE is sold.
“I’ve been saying on this program for a while that WWE was gonna sell. You know why I said that? Because I knew. Remember when Nick Khan first joined WWE? He joined, and he was an agent. He was a guy who was helping negotiate contracts and make deals and things like that, and I happen to have some friends who need representation like that. My friend was represented by the same company that Nick Khan was sort of running. When my friend sees that the guy who runs this big agency is now going to WWE, he thought, ‘What the f—- ? This doesn’t make any sense.’ He called his contact and said, ‘Dude, what’s up with Nick going [WWE)?’
“He said, this is years ago now, ‘Yeah, he’s got a deal with Vince where his contract gets a big payday when he helps facilitate a sale.’ He told me the number because that’s talking about someone else’s money and that’s not cool. But let’s just say this, it’s more than AEW’s TV contract is for a year. It’s a lot. I’ve heard back channel, before Mean Gene [Gene Okerlund] passed away, he said, ‘Well, I heard from…’ I won’t say who he heard from, ‘when the stock gets to so and so…’ this has been brewing for a while.”
H/T WrestleZone.com
