After Vince McMahon stepped down, the former chairperson put his company on sale. It was a shock to the whole wrestling world as WWE is one of the biggest wrestling companies in the world. The change in the owner would affect the company in many ways and that is the biggest concern for the fans right now. However, it is not necessary but depends on the owner who is still yet to be decided.
For the past few months, it was seen that many billions are interested to buy World Wrestling Entertainment and last month we did an article on how the biggest competitor of WWE, AEW’s owner Tony Khan is willing to buy the company to rip off the competition apart. Even though Vince McMahon is selling the company higher than the market price. The market value of WWE is around $6 Billions but McMahon wanted $9 Billion for it. Tony Khan’s net worth is around $12 Billion.
Now, another bidder is coming in front, showing interest in buying, and this time it’s Endeavour’s CEO Ari Emanuel. Emanuel is a businessman from the USA who is the current CEO of Endeavour. Endeavour is a Media Talent and Sporting company that owns The UFC. So when asked about buying WWE, CEO Ari Emanuel said, “As it relates to WWE, it’s an unbelievable product,”.
He continued, “Vince, you know, created a great business. We’ve had a longstanding relationship with them for over two decades. We’re doing on location business with them, and streaming business with them, his business is really valuable. But we’re not going to do anything as it relates to changing our leverage position right now.”
We also mentioned last week that the Saudi Arabia Public Investment Funds can also play the role of a game changer if they enter the race. SAPIF who already has some shares in companies like Amazon, Google, Apple, Fox News, Netflix and etc came to become the owner of this California-based company when they bought an English Football Club Newcastle F.C. last year. PIF have loads of money so raising the price from Vince wouldn’t be a problem for them but let us see where this story will end