WWE will reportedly be sold to UFC’s parent company, Endeavor. That move will shake up the entire pro wrestling landscape, meaning that WrestleMania 39 will be the final show of shows under the old branding. A lot of things could change, but there are a lot more questions than answers right now.
Endeavor will reportedly own 51% of the company, giving them a majority share. WWE shareholders would get 49% as they start a new publicly traded company, a joint venture between UFC and WWE.
Fightful’s paywall dropped an update about the upcoming sale. While they have received no official word just yet, several staff members and people on the roster have provided some insight.
Thus far, they haven’t been briefed, but many were told that the sales process was ongoing and moving along well. There was buzz this week among several in WWE that a deal was being finalized with a Non-Saudi buyer.
It was also noted after speaking to “employees from several potential suitors” that they said “Vince McMahon wanting to remain involved would be a major sticking point and hurdle for a variety of reasons.” As of this writing, it is not 100% clear if Vince McMahon will be involved in the new company’s day-to-day operations, but he is expected to remain on the company’s Board of Directors.
Nick Khan is also expected to remain President of the company on the “wrestling side of things.” Ari Emanuel and Mark Shapiro could also get involved. There is no note about how Triple H will be involved or how creative might be affected.
Endeavor sources also reportedly said that there is a “general respect for the work Stephanie McMahon did before leaving.”
We will have to see how this shifts the pro wrestling landscape. Obviously, WWE selling the company is a massive story, but things could go down at a very rapid pace once the sale is announced.
What’s your take on WWE selling the company? Sound off in the comments!