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. However, those rumors were eventually proven to be untrue.
According to recent reports, Vince McMahon’s return to WWE is primarily to facilitate the potential sale of the company. There are several potential buyers for WWE, including Saudi Arabia. It is speculated that the kingdom, which has been the subject of controversy, maybe the only prospective buyer willing to retain McMahon in a position of power.
In an interview with CNBC’s “Squawk on the Street,” Nick Khan revealed that there is a high level of interest in the sale of WWE. He stated that “there’s only so much I can say about it at this moment, but we’ve certainly got a warm reception in the marketplace from people who seem interested.” The identity of the potential buyers is currently unknown, though AEW boss Tony Khan has hinted at his interest in acquiring WWE and reports have also indicated interest from Saudi Arabia.
When asked about the expected timing of the sale, Khan provided an unexpected answer, saying “quick.” This statement has raised speculation about the company’s future and the potential outcomes of a sale. The CNBC host indicated to Khan that he’s heard Comcast don’t want to buy WWE.
The CNBC host also told Nick Khan in an interview he heard Comcast don’t want to buy WWE.
