Is WWE bought from the Saudi Arabian Public Investment Fund?
When World Wrestling Entertainment (WWE) boss Vince McMahon
returned as company president in January 2023, just months after retiring following sexual harassment
Rumors even circulated that WWE was going to be sold to the Saudi
Arabian sovereign wealth fund, also known as the Public Financing Fund (PIF),
So far, we do not have any real claims that such a sale is taking
place. We've reached out to WWE for more information and will update this story accordingly.
But tabloid TMZ claims the company has not been bought from
Saudi Arabia, as rumors circulated that McMahon got a "big payday"
According to CNBC, McMahon's return is to help facilitate an
agency sale, and WWE had hired JPMorgan to recommend him that way
CNBC also said that legacy media, streaming giants and entertainment
protection agencies may want to post offers. Any capacity sales could take place before mid-2023
Sportswriters also tweeted that there has been no such deal, with
the original tweet claiming such having been removed:
Saudi Arabia's monarchy has a long record of human rights
violations, including crackdowns on women's rights activists and critics of the royal family itself
Need More Stories