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.
Sean Ross Sapp said on Fightful’s podcast, “There’s a report out there that Triple H has been moved to VP of International Live Events. I have not heard that at all”
As reported by Ariel Helwani on Twitter, there is no deal in place for WWE to be sold to the Kingdom of Saudi Arabia.
Contrary to reports stating otherwise last night, there is no deal in place at this precise moment for WWE to be sold to Saudi Arabia’s Public Investment Fund or any entity, sources say. The organization is still exploring all options, I’m told. Developing.
Worth noting that the original tweet stating it was a done deal has since been deleted.
