Stephanie McMahon shocked the world of professional wrestling when she resigned and left the company as Vince McMahon forced his way back in.
A recent report stated that Stephanie and Triple H opposed the sale of WWE.
Last week, Vince McMahon made his way back onto the company’s Board of Directors. Soon after, it was revealed that McMahon wanted to sell the company and was looking for potential buyers for WWE.
After McMahon’s return, Stephanie McMahon announced her resignation and departed the company. Later, Vince McMahon was unanimously elected as Executive Chairman.
A new report from PWInsider states that Stephanie and Triple H (aka Paul Levesque) were against the sale of the company. It could be one of the reasons why Stephanie resigned and left WWE, though nothing of the sort has been stated by either party.
Currently, Nick Khan is the sole CEO of the company with Vince McMahon as the Executive Chairman. It will be interesting to see if Triple H, the current Chief Content Officer, decides to take any drastic steps like Stephanie McMahon
As for who will end up taking over the sports entertainment juggernaut, several potential buyers have been revealed, including Disney, the Public Investment Fund of Saudi Arabia, and even AEW owners Shahid and Tony Khan.
Reports stated that American professional wrestling promotion WWE is being sold to Saudi Arabia’s Public Investment Fund. The reports emerged hours after Stephanie McMahon announced her resignation from the company and her father Vince McMahon returning as the Chairman of the Board.
As reported by DAZN pro wrestling reporter Steven Muehlhausen, Vince, who is also the controlling shareholder of WWE, made the business to get the company off the public stock market and once again being a private business.
WWE is the biggest professional wrestling company with broadcasting deals all over the world. As per a CNN report, the company went public in August 3, 1999. It was previously owned by the McMahon family.
Meanwhile, the news of WWE being sold to Saudi Arabia shouldn’t come as a surprise as Vince had made his intentions clear that he would sell the company after his return.
Vince had resigned as the WWE chairman in July last year, after reports surfaced that WWE had launched an investigation against him for sexual misconducts.
As per The Wall Street Journal, Vince had paid over $12 million to four women associated with the company to cover up claims of s£xual misconduct and infidelity for over 16 years.
