It has been reported by several pro wrestling news sources that the WWE has just completed a deal with Saudi Arabia to hand over the reins of the company and once again privatize the WWE.
Steven Muehlhausen – who serves as the head of social media for wrestling news outlet DAZNWrestling, claims that WWE has indeed locked in a deal to sell to Saudi Arabia’s Public Investment Fund. Not only that, but the company will also reportedly be made private once again.
Cassidy Haynes of Bodyslam.net broke the news tweeting "For what is worth, I'm told the Saudi deal is done and they are taking the company private"
However, other WWE reporters such as Daze Meltzer and Sean Ross Sapp, are yet to confirm if the deal has been officially made. “Hey guys, one of the hot rumors is that Saudi buyers are interested in WWE,” began Sapp in a recent Twitter thread. “I’ve gained no actual information thus far to indicate this is actually happening, outside of a few vague hinting messages from people outside WWE. WWE contacts claimed to not know what the hints were about.”
Sean Ross Sapp of Fightful, who went live immediately following the news of WWE’s rumored sale to the Saudi’s, mentioned on FightfulSelect YouTube channel , he had heard from a source within the company that numerous wrestlers had went to management and asked for their releases.
However, Raj Giri, creator of WrestlingInc.com, refuted that claim, saying only a “few” wrestlers would actually want out, stating “Talent were outraged after the Montreal Screwjob. How many actually quit?”
This isn’t the only major WWE news circulating online. Earlier today, it was revealed that Stephanie McMahon – the daughter of Vince McMahon – has resigned from her position of Co-CEO of the company permanently.
The WWE or any official contacts are yet to comment on the rumor. However, as this is clearly a developing situation and not yet confirmed, we’ll be sure to keep you updated as more information is revealed regarding the company’s imminent sale.