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WWE 'is close to finalizing a deal to be sold to Saudi Arabia's PIF' just days after Vince McMahon returned to the company as it joins LIV Golf and Newcastle United among the fund's 'sportwashing' ventures

Daily Mail | January 11, 2023

Related Topics: Vince McMahon, LIV Golf, Public Investment Fund, Yasir Al Rumayyan, Steven Muehlhausen, Saudi Arabia, Stephanie McMahon

WWE is close to being sold to Saudi Arabia's Public Investment fund, according to reports.

The news follows Stephanie McMahon's resignation as co-CEO earlier on Tuesday after her father Vince McMahon appointed himself back to the WWE board of directors and was unanimously elected Executive Chairman of the Board.

In 2021, the Saudis became the majority owner of Premier League club Newcastle United. In 2022, they bankrolled LIV Golf's attempt to dethrone the PGA Tour as the premier golf competition in the world.

WWE is reportedly being sold to Saudi Arabia's PIF (right governor Yasir Al-Rumayyan)
Vince McMahon appointed himself back to the WWE board of directors last week

Vince McMahon appointed himself back to the WWE board of directors last week

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See full article at Daily Mail