Saudi Arabia Considering Pulling Out Of WWE Deal

WWE and Saudi Arabia have a ten-year partnership that is just closing up its second year. It seems like Saudi Arabia might have buyer’s remorse.

Brad Shepard was the first to break the story about Saudi Arabia owing WWE money. This was followed by Hugo Savinovich saying that he heard from a WWE executive that the company is owed millions of dollars.

The Prince also no-showed a private meeting with McMahon. Shepard went on to report on the Oh, You Didn’t Know Patreon that Vince McMahon and Saudi Arabia might have a problem.

The controversial country arranged the WWE deal for their “Saudi Vision 2030” campaign. The problem is that Saudi Arabia reportedly wants to back out of the deal. This is something that Vince McMahon really wants to avoid considering the guaranteed revenue that this deal is bringing to WWE.

I’m told the GSA was scheduled to have a big meeting with Saudi Vision 2030 and is considering scrapping the entire deal with WWE, after Vince ordered the delayed broadcast.  There’s an internal belief that may just be an excuse to try to get out of the deal with WWE.  

If WWE lost their Saudi Arabian money it could be disastrous for their stock price. WWE would need to slim down their budget a lot which could affect a lot of things throughout the company. They have been signing Superstars to some huge contracts recently like Braun Strowman inking a deal for $1.2 million a year.

It is reported that “there is still hope that Vince McMahon can salvage the deal.” We will let you know more information as we get it.