WWE Looking To Sell By Mid-2023 As Nick Khan Meets With Disney & ESPN
Even more developments in the impending sale of WWE.
While reports of a sale to Saudi Arabia's Public Investment Fund were at best premature, WWE is still aiming to have the company sold off by the middle of this year.
Speaking on Wrestling Observer Radio, Dave Meltzer stated how his WWE sources noted the intent to have the market leader sold by mid-2023, with JP Morgan now assisting in this process.
Interestingly, WWE CEO Nick Khan has been in Los Angeles this week and held discussions with "heavy hitters" such as Disney CEO Bob Iger and ESPN President Jimmy Pitaro.
Elsewhere, UFC owners Endeavor are said to "also be in the hunt", while there is indeed interest in WWE from the Saudi Arabia Public Investment Fund. As for the previous rumours that WWE had already agree to sell to the Saudi PIF, Meltzer mentioned that "there was smoke" to those reports, but any deal between the two parties isn't close at this stage.
Part of the reports of a Saudi purchase of WWE suggested that the organisation would revert to being a private company as part of any such deal. On that matter, Meltzer detailed how the Public Investment Fund is likely the only option right now if there was indeed a want to take WWE private.
Of course, the news of an impending WWE sale comes hot on the heels of Stephanie McMahon resigning from the company, and Vince McMahon being unanimously elected as WWE Executive Chairman of the Board.
As ever, expect more on this situation as it continues to develop.