Saudi Arabia through their parent company, “Public Investment Fund” has bought the WWE.
This is what Steven Muehlausen of DAZN.com has tweeted.
Sources: #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 head of creative but it is expected by some people.
WWE has been an independently owned wrestling promotion since the 1960s. Earlier companies in the same vein owned by promoters like Vince McMahon SR, and Jess McMahon date back further than that. Vince McMahon for the most part ran this company for 40 years.
As of the time of this article, the sale has not been officially announced. Several sources including DAZN have been reporting it based on leaks and rumors.
There are further unconfirmed reports that a chartered jet is set for Saudi Arabia with Vince McMahon on board, or will be soon. We checked online to confirm this and noted that the planes tracking is set to private.
We learned this week that WWE was planning to sell the business but who knew it would happen so fast? Literally, 10 days ago, we had no idea that this was even happening. But then Vince McMahon is back on the board, Stephanie McMahon is out, and now WWE is sold.
Wrestling history has changed, forever. WWE has been at the forefront of wrestling history for a long time, and it is now.
At the time of writing there is no comment yet from Sean Ross Sapp over at at Fightful.
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