Earlier in the week, rumours circulated that Saudi Arabia’s Public Investment Fund had purchased WWE. Those rumours were squashed, but it was still believed there was still interest from Saudi Arabia. However according to a new report, they are not even the favourites to make the purchase.
This all comes shortly after Vince McMahons return as Executive Chairman of the Board and him wanting to be part of selling the company.
At the start of this week, vague tweets and posts from wrestling insiders began a whirlwind of speculations and developing rumours. This eventually lead to a couple of reports that the WWE had completed a sale to Saudi Arabia’s Investment fund. The Morning after the Evening these rumours picked up pace, multiple reporters had revealed they had spoken to sources high in WWE that revealed that the Saudi sale rumours were “completely false” and the company was still evaluating all options.
Since then, WWE has hired Raine Group to help lead WWE’s potential sale.
It has now been reported by Dave Meltzer in the Wrestling Observer Newsletter that Saudi Arabian investment isn’t even the favourite to make the purchase according to those in WWE, but they are in the running.
Those at WWE said that Saudi Arabia was in the running but not the favourite.– Dave Meltzer
With all the news of WWE being for sale still being very fresh, there has been a lot of reports and rumours about a whole bunch of potential buyers, even AEW’s Tony Khan. Some are clearly more realistic than others.