Saudi Arabia Emerging As Possible Buyer For WWE

Vince McMahon made his return to WWE in what became the most shocking news to come out of the pro wrestling world, so far, in 2023. The billionaire leveraged his influence as WWE’s majority shareholder to return to the Board of Directors. McMahon brought back with him two former aides as well.

In a letter sent to the WWE management, McMahon cited his intent to sell off the company as the reason for his comeback. Top official Nick Khan talked about a potential sale during WWE’s emergency “all hands on deck” meeting earlier in the day as well.

Front Office Sports is now reporting that Saudi Arabia is interested in buying WWE in case the top management at the multi-media conglomerate proceeds with a decision to greenlight the sale. According to the report, Saudi Arabia’s Public Investment Fund is “emerging as a possible bidder” for WWE, should the company decide to sell.

WWE has been profiting off of its relationship with the kingdom since 2018. The company’s events in Saudi Arabia have reportedly generated $400 million in ticket and merchandise sales, eclipsing the combined ticket revenue for all 38 WrestleManias.

So far, Vince McMahon hasn’t made a public comment on his intent to sell WWE. The company’s press release noted that McMahon’s return is to maximize the long-term value of WWE shareholders. Stay tuned to Ringside News for more from the world of pro wrestling.

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