There may be some further context to Stephanie McMahon’s sudden resignation from the WWE and Vince McMahon’s return as the chairman of the board.
According to numerous rumors floating around on social media, the WWE has been sold to the Saudi Investment Fund and will be taken private.
Cassidy Haynes of BodySlam.net was one of the first to report this potentially massive news:
Sources have told me that World Wrestling Entertainment has sold the company to the Saudi Investment Fund. Vince McMahon was placed back on the board of directors, with many under the belief that Vince was looking to sell the company. Now, that’s become a reality. Not only that, but the public company is now going private under the new ownership.
Steven Muehlhausen of DAZN also tweeted that it’s unclear if Vince McMahon would also resume his role as head of creative (which is currently held by Triple H), however, his return to the position is “expected by some people”.
Stay tuned to this developing story.
WWE sale to Saudi’s are said to be “untrue”
Despite the number of rumors floating around last night regarding the WWE being sold to the Saudi government, contrary reports have emerged this morning saying those rumors are “untrue”.
Sure, the reports of the sale could have been premature, however, you could potentially speculate that the WWE is getting cold feet regarding a deal with the Saudi government considering the talk of superstars and employees within the company walking out if any deal with the Saudi Investment Fund is finalized.
In the past, Kevin Owens had refused to partake in Saudi shows due to the controversy and human rights issues in that country. The same could be said for John Cena and Sami Zayn who may not be allowed to wrestle in Saudi Arabia due to their Syrian ethnicity. Likewise, you also worry for openly LGBTQ individuals like Sonya Deville given Saudi Arabia’s stance when it comes to that particular community.
