Earlier this year, Vince McMahon controversially returned to WWE as the company’s Executive Chairman following his retirement last summer amid allegations of using company money to cover up cases of sexual misconduct. McMahon’s reasoning for returning to the company was stated to be overseeing a potential sale of the company, with one party rumoured to be interested in the process being the government of Saudi Arabia.
Dave Meltzer of the Wrestling Observer Newsletter has now provided an insight into Saudi Arabia’s interest in purchasing WWE, noting that whilst they can confirm the interest is there, it isn’t believed to be as significant as their interest in acquiring Formula 1 or their investment into LIV Golf.
“We know someone involved on the Saudi side about the sale this past week and there is definite interest. It’s not considered as important as Formula 1, which they wanted but doesn’t look like they can get, or LIV Golf.”– Dave Meltzer
Bloomberg recently reported that McMahon is believed to seeking up to $9 billion for the sale of WWE, with other interested parties rumoured to include the likes of Comcast and UFC’s parent company Endeavour.
As always, we’ll aim to provide any further updates on WWE’s sales process as soon as we hear more.