Saudi Arabia Is Trying Hard To Buy Major Media Company

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Vince McMahon, the Govt Chairman and majority shareholder of WWE, has been concerned in a scandal up to now yr relating to allegations of payoffs to silence accusations. This case has been carefully adopted by the skilled wrestling neighborhood and has led to hypothesis about the way forward for the corporate. Regardless of the scandal, McMahon was capable of preserve his place and has been actively guiding the path of the corporate. Now it appears Saudi Arabia is attempting arduous to purchase a significant media firm.

Vince McMahon’s return to the Board of Administrators was seen as a hostile takeover, as he displayed a brand new ruthlessness to regain management of WWE. This transfer was met with quite a lot of backlash for good purpose. Because of this, he was appointed because the Govt Chairman of WWE, following the resignation of Stephanie McMahon, whereas Nick Khan stays the only real CEO.

Ringside Information solely reported that Vince McMahon got here again to the WWE workplaces in Stamford earlier this month. He additionally introduced again Brad Blum as his Chief of Employees, only a month and a half after WWE let him go.

Whereas talking on Wrestling Observer Radio, Dave Meltzer famous that Saudi Arabia is attempting to buy Liberty, the media firm that owns Components One proper now.

They tried to purchase Components 1, they obtained turned down however supplied just below $20 billion. Liberty, which owns it, didn’t promote it. So don’t suppose they received’t make an enormous bid for WWE. Liberty isn’t so excessive and mighty, they’ve a deal much like WWE deal, the place they create Grand Prix to Saudi Arabia yearly. They’re prepared to do enterprise however not prepared to promote, however WWE is trying to promote. They wanna purchase one thing large, a big-time main mainstream media buy proper now.

An ex-WWE star additionally needs WWE to be bought to Amazon. WWE CEO Nick Khan additionally believes Vince McMahon is able to promote the corporate. The Rock additionally believes that WWE’s new house owners ought to be as passionate as Vince McMahon. We’ll must see if Saudi Arabia will find yourself shopping for WWE in the long run.

Transcription by Ringside Information

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