Felix Upton on April 3, 2023
WWE is going through a massive shift in their landscape. For the first time in the history of the company, a McMahon is not the owner of the largest pro wrestling company in the world. Now, a $21 billion company will form as they merge with the world’s largest MMA company.
Endeavor made the news official this morning that they have bought a controlling interest in WWE. WWE and UFC will merge at this point, and a new publicly traded company will be formed.
Vince McMahon also commented on the sale. He put over the great work that Endeavor and Ariel Emanuel do, while hyping this huge deal as the best possible outcome for investors.
“Given the incredible work that Ari and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we’ve already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders.”
“Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. The new company will be well positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands. I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level.”
Roman Reigns also commented on a possible sale during the media conference after WrestleMania. He said that the company’s new owners will be lucky to have him.
Vince McMahon will likely make a ton of money from this sale, and he’s not alone. Obviously, this is a very new story, but the changes could already be in motion. Keep checking back with Ringside News for more on this earth-shattering story.
What’s your take on WWE selling the company to Endeavor? Sound off in the comments!
April 3, 2023 7:22 am
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