Vince McMahon recently made his return to WWE and has already made some bold moves. Reports of WWE being sold to the Saudi Arabian Public Investment Fund has been a massive talk in the past few hours.
WWE talent reportedly wants exit if Saudi deal goes through
As it stands, the belief is that the deal is not fully completed yet due to the legal processes that need to be carried out, but it is ‘agreed in principle’.
Fightful Select’s latest report on the situation reiterates that the deal is still not confirmed, and neither WWE staff nor talent have been informed of a sale.
The reaction among the talents has been a point of discussion recently. Fightful reports that so far, no talent they’ve spoken to has asked for their release.However, ‘at least one’ talent did say they’d be done with the company if the deal is to go through.
It was also noted that there’s an ‘incredible amount of concern’ among talent and staff with Vince McMahon back in charge.
The news of the sale was reported by multiple outlets, notably Cassidy Haynes of Bodyslam and Steven Muehlhausen of DAZN, but has yet to be officially announced.
In the latest update, Haynes tweeted:
“The deal isn’t completely finalized because WWE must provide notice to shareholders & other parties.
There are legalities to go through, as the company is publicly traded.
But, again, I’m told a deal has been agreed to in principle.“
Muehlhausen’s initial tweet was as follows:
“Sources: #WWE has been sold to Saudi Arabia’s Public Investment Fund.
The company will go back to being private.
Unknown if Vince McMahon will return to head of creative but it is expected by some people.“
