2023 has kicked off in a big way for WWE as Vince McMahon has returned to the WWE Board of Directors and moves are being made to pursue a potential sale of WWE. Rumors of a sale to the Saudi Arabia Public Investment Fund started making the rounds earlier this week, but it has since been reported that a deal between WWE and Saudi Arabia is not done.
Dave Meltzer recently addressed the situation on Wrestling Observer Radio and noted that while nothing is finalized at this point in time Saudi Arabia is still in the hunt when it comes to a possible sale of WWE.
“They’re not sold. Saudi Arabia is in the hunt. They’re one of the companies, one of the places that’s looking for it… several media companies, the names that are out there are all in the hunt.
“Bob Iger (CEO for The Walt Disney Company), Jimmy Pitaro (President of ESPN) so, I guess those names will ring some bells. They’re looking to sell by the middle of the year. JP Morgan is helping them.”
“Saudi would be the one of the key people as far as if they want to go private, that would be the one. The other ones are public companies. Endeavor are obviously also in the hunt. And, there’ll be a decision made at some point. There’s definitely smoke about the Saudi Arabia story. It’s early. It’s too early for the deal to the finalized, but that one can happen too.”
Stay tuned for more updates on a possible WWE sale as they become available.
H/T Wrestletalk
