There is no doubt that The Rock is still regarded as of the most popular pro wrestlers in the history of the business, but his plans for a WrestleMania 32 match appeared to sabotage Sting’s debut against Triple H. He has competed against the best of the best as far as the world of professional wrestling. This includes someone like Chris Jericho, who has had several matches against The Great One. Roman Reigns vs The Rock major spoilers were also leaked previously.
Vince McMahon was the CEO of WWE before he had to step down following allegations of sexual misconduct and allegedly having paid $12 million in hush money in a huge scandal last year. Many fans believed he was retired forever, but that was not the case. This is because Vince McMahon returned to WWE last week and last night, he became the Executive Chairman of WWE once again after his daughter Stephanie McMahon resigned. Nick Khan is now the sole CEO of WWE while Triple H remains the Creative Head of WWE.
Following Vince McMahon’s return to WWE, there have been rumors that he plans on selling the company to Saudi Arabia.
According to PWInsider, the possibility of The Rock purchasing WWE was addressed and then was made clear it would never happen.
He would need a lot of partners and/or financing and honestly I don’t think he would want to make the move. As mentioned above, the lion’s share of WWE’s revenue comes from TV rights. If that market changes drastically and the partners change what they are willing to pay for WWE, the company’s value changes drastically. Since it will cost billions to buy WWE, that kind of downturn could be catastrophic for a non-content providing investor.
According to PW Insider, Vince McMahon would give up controlling power in the event of a sale, meaning that the buyer can choose whether to continue the business or shut it down for good. Therefore, the company’s future is not in Vince’s hands once the sale is complete.
“First if Vince is selling for many billions of dollars, he gives up power over how WWE would be used going forward (at least he should in any deal done by a competent lawyer). In exchange for money, he gives up control of the legacy. He can hope it carries on but once he sells, he gives up complete control unless he finds a rube to buy it. I am sure that the Khan’s could put together the money to buy it if they wanted to but it will be very expensive and as mentioned above, if the TV rights deals change for the worse, it’s a bad investment. WWE’s revenue has become very, very dependent on rights fees.”