WWE is one of the most followed sports in the world and one has to agree that the sport boasts a huge fan following across the world and in America to be precise. Vince McMahon, the former CEO of WWE, was roped in as the executive chairman on January 11, Wednesday and quickly, reports emerged claiming that the 77-year-old reportedly sold the company to a Saudi Arabia-based public investment fund.
WWE officially announced that Nick Khan would be the new CEO and the reports, however, claimed that there were chances for Vince to return as the head of the creative. However, much to the relief of the fans, nothing is official as of yet and it remains to be seen if the executive chairman would open up on the same, with many claiming that it might be the effect of Cristiano Ronaldo moving on to Al-Nassr.
With him returning as the executive chairman, his daughter Stephanie McMahon resigned as the Co-CEO and claimed that it was time for her to stay away from the business, saying that it is in a strong position and had to tender her resignation at the right time.
WWE is in such a strong position: Stephanie McMahon
If at all it becomes official that WWE is sold to the Saudi Arabia-based public investment fund, it could either come as a welcome move or a bad call, but to go by Stephanie’s words, one has to agree that the call, however, might come as a boost for the company.
“About 8 months ago, I took a leave of absence and within a few weeks, unexpectedly had the opportunity of a lifetime. I had the privilege to return as the Co-CEO and Chairwoman of the Board of WWE. WWE is in such a strong position, that I have decided to return to my leave and take it one step further with my official resignation,” Stephanie wrote on Twitter following her resignation.
For the unversed, Vince was removed from the board after alleged sexual misconduct and for paying huge money to all of the women involved, as per reports from Coming Soon. The Saudi Arabia Public Investment Fund’s recent buy is the reputed club Newcastle United from the Premier League.
Here’s how fans have reacted to reports about Vince McMahon selling WWE to Saudi Arabia’s Public Investment Fund:
Well that’s wwe finished
— Yaw Wollie (@yawboakye04) January 11, 2023
RIP WWE
— Melleehh?? #TopOut (@lcfcmeIIeehh) January 11, 2023
After getting an offer he couldn’t refuse ? ? ? pic.twitter.com/ymREXd15yC
— ?? DaddyMO??? (@therealdaddymo1) January 11, 2023
Ronaldo effect ?
— S? ?? (@Schule7i) January 11, 2023
Brock Lesnar is back and Championship.
— Miller Silva (@Millerss23) January 11, 2023
Money in the bank they said. Very well said
— ?? (@Dovahkiin__22) January 11, 2023
$10 Billion is a sweet deal ?
— Peché Africa ?? (@pmcafrica) January 11, 2023
Newcastle with that new shirt sponsor? ?
— ??CFC_RJ?? (@TopCFC5) January 11, 2023
Not a sports article. It is an entertainment article.
— Peter Streck (@Peter_Streck) January 11, 2023
