UFC Top Star Got Vince McMahon To Sell WWE

LockBetting.com reported that UFC legend Daniel Cormier played a major role in WWE being sold to UFC’s parent company, Endeavor.



It was reported: “Further UFC Champion and long-time WWE fan Dan Cormier was said to be majorly influence when it came to Endeavour purchasing the WWE…”

WWE has been sold to UFC’s parent company, Endeavor. In a statement, Endeavor announced a “definitive agreement” that will see WWE come under the company’s ownership in an estimated $9.3 billion deal.

The deal will see Endeavor from a new publicly listed company, consisting of both WWE and UFC. Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.

Ari Emanuel, CEO of Endeavor, said that the deal presents a rare opportunity in the entertainment industry.

“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed. For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”

The new PLC will be led by Emanuel (as CEO) with McMahon as Executive Chairman of the Board. Dana White will continue as President of UFC, while Nick Khan will serve as President of WWE.

Mark Shapiro will serve as President and Chief Operating Office of both Endeavor and the new company. The Board of Directors will consist of 11 members, of whom will be appointed by Endeavor and five of whom by WWE.

Bishal Roy
Bishal Roy
A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. A passionate learner in the world of professional writing, and an ardent Manchester United fan.

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