Vince McMahon returned to WWE last week as a member of The Board of Directors, which made fans fear the absolute worst. Their worst fears came true as McMahon became the Chairman of their Board of Directors following Stephanie McMahon’s resignation as the co-CEO of WWE. WWE is now reportedly finalizing their deal with Saudi Arabia, and it seems the sale was going around at the NXT tapings.
Vince McMahon’s return to WWE saw Stephanie McMahon’s exit and the likely sale of the company as we know it. Saudi Arabia was rumored to be the one who would purchase WWE as a whole, and that looks like it will go down unless something happens to stop it.
It was then reported that WWE has agreed to sell the company to Saudi Arabia, much to the dismay and shock of fans and pro wrestlers alike all over the world. The company will go through many changes, which may or may not be good.
While speaking on Wrestling Observer Radio, Dave Meltzer talked about WWE’s potential deal with the Kingdom of Saudi Arabia being finalized and how talent reacted to the rumors of the deal. Meltzer noted that the deal was going around at the NXT tapings, and there were some scared individuals.
Everyone was talking about it, inside wrestling. Everyone at the NXT tapings who was here heard the rumors, and everyone was scared whether it was their jobs, there was a lot of uncertainty there, uncertainty in the company.
WWE has reportedly agreed on their sale with Saudi Arabia in principle, so the deal is not finalized just yet. That being said, judging by how quickly Vince wants to close the deal, WWE fans might have to get accustomed to the company being owned by Saudi Arabia
This is a very interesting time to be a WWE fan, as everything that will go on in the company has a big question mark behind it. Keep checking back here at Ringside News as we continue monitoring this ongoing situation.
Transcription by Ringside News
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