The USA Network and FOX may be unhappy with WWE as a result of the company’s rumored agreement with the Saudi Arabia Public Investment Fund.
Although neither party has verified the rumors, it was said this week that the Saudi fund has bought WWE.
Sean Ross Sapp mentioned on a Fightful live stream that FOX and the USA Network
“won’t be too keen to”
renew their contracts with WWE if the Saudi claims are true.
Along with the Saudi Public Investment Fund, FOX and Comcast (the owner of NBC-Universal and the USA Network) were mentioned as potential bidders.
World Wrestling Entertainment is reportedly being sold to Saudi Arabia’s Public Investment Fund.
The news comes just hours after the bombshell that Stephanie McMahon had resigned from the company after her father Vince McMahon had returned as Chairman of the Board. McMahon, who owns controlling shares of the company, is said to have sold the company to Saudi Arabia in a move that will take the company off the public stock market and back to being a private business per the now-deleted tweet from DAZN pro wrestling reporter Steven Muehlhausen.
The original tweet by Muehlhausen has been deleted. It read, “WWE has been sold to
Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to the head of creative but it is expected by some people.”
Additionally, veteran combat sports reporter Ariel Helwani now says a deal isn’t quite done.
⚠️⚠️BREAKING ⚠️⚠️Information now states that "No Deal" is in place yet with the Saudis. #WWE is still exploring options
— Craig (Dirtsheets.net) (@DirtSheetsCraig) January 11, 2023
