Earlier this year, Vince McMahon made a comeback to WWE and joined the Board of Directors. He then took over as the Executive Chairman of the company, which angered many fans. Despite this, WWE still earns a lot of money through various TV deals, including one with FOX. The CEO of FOX has even commented on the possibility of WWE being sold.
In 2019, Friday Night Smackdown moved to FOX as part of a five-year deal that will end in 2024. While the show has maintained a decent viewership, the deal has not been a profitable one for FOX.
Vince McMahon’s return to the Board of Directors was seen as a hostile takeover, as he was determined to regain control of WWE. Despite facing opposition, McMahon was appointed as the Executive Chairman of the company after Stephanie McMahon resigned, leaving Nick Khan as the sole CEO.
Speculation about the potential sale of WWE has decreased in recent weeks, but many people are still wondering what the future holds for the company.
During a recent Morgan Stanley investor conference, FOX CEO Lachlan Murdoch talked about WWE. Murdoch did not indicate that FOX was interested in purchasing WWE, but rather expressed his hope that if the company were to be sold, it would find a good partner who is ready to engage with them regarding rights when they are ready.
Fox CEO Murdoch: Asked about WWE relationship. 'If they ultimately sell the business, I hope the acquirer' is as good a partner. 'Ready to engage with them' on rights ' when they ask, when they are ready'
— Brian Steinberg (@bristei) March 9, 2023