News broke and has been seeping in over the last few weeks about WWE possibly being for sale. While this isn’t the case yet, it seems like WWE and Vince McMahon may be heading there. WWE stock on Wallstreet has also been seeing some upward movement due to this. Vince McMahon ‘Gives Notices’ To Triple H At NXT.
PWInsider gives us the scoop today as one person wrote in asking: “What am I missing about this talk of Vince selling up? All I’ve ever heard is that Vince is a workaholic who lives/breathes the company. He’s obviously not struggling for cash either. Why would he possibly sell the company? What would he do with himself? It might make a little sense if he had something else in the pipeline to focus on, such as if the XFL had taken off, but the whole idea seems to completely go against everything I’ve ever read about him.”
Dave from PWInsider responded: “First and foremost, we have no idea if Vince intends to sell or not. It’s just speculation at this point. If he were to sell, these are valid reasons to consider doing so. WWE’s revenues are now primarily television revenue based. The TV industry is in flux right now due to streaming changing the game. Major networks have cut back spending on new series due to the high cost and inability to engage audiences. WWE has seen it’s ratings drop consistently for years now.”
Dave finished: “It’s fair to wonder what kind of offers will be there when there TV contracts in the US expire in three plus years. Also, if Vince were able to sell for say 10 billion dollars, it would be a huge win for him as a businessman. With that money, he could do whatever he wanted for a next act. He could also stay in as the guy in WWE, much like Dana White did in UFC. Let’s also not forget that Vince is a few months away from turning 76 years old. No one lives forever.”
