Vince McMahon, WWE Motivate The Raine Community to Oversee Attainable Sale

Vince McMahon, WWE Motivate The Raine Community to Oversee Attainable Sale

LAS VEGAS, NV - JANUARY 08:  WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES at the Encore Theater at Wynn Las Vegas on January 8, 2014 in Las Vegas, Nevada. The network will launch on February 24, 2014 as the first-ever 24/7 streaming network, offering both scheduled programs and video on demand. The USD 9.99 per month subscription will include access to all 12 live WWE pay-per-view events each year. CES, the world's largest annual consumer technology trade show, runs through January 10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees.  (Photo by Ethan Miller/Getty Images)

Ethan Miller/Getty Photography

WWE has retained the products and services of The Raine Community to detect a ability sale, per the Action Network’s Darren Rovell.

The Raine Community led the fashion on the UFC’s $4 billion sale, per Rovell, who also famous that the United States-essentially essentially based funding banking firm is leading oversight on Manchester United’s ability sale.

The recordsdata comes one week after WWE executive chairman Vince McMahon changed into reinstated to WWE’s board of administrators. McMahon retired as CEO in July amid allegations of sexual misconduct.

Lauren Thomas of the Wall Road Journal reported on Jan. 6 that McMahon, 77, got here assist to WWE to “pursue a imaginable sale of the industry.”

Alex Sherman of CNBC reported the next day that WWE employed JPMorgan to “expose on a sale.”

There were diverse reports that WWE had a deal in enlighten to promote to Saudi Arabia’s Public Investment Fund, however MMA and wrestling journalist Ariel Helwani knocked them down.

Ariel Helwani @arielhelwani

Contrary to reports mentioning otherwise closing evening, there is now not forever any deal in enlighten at this proper second for WWE to be supplied to Saudi Arabia’s Public Investment Fund or any entity, sources impart.

The organization is aloof exploring all alternatives, I’m informed. Creating.

McMahon’s daughter, Stephanie, has since resigned her post as co-CEO and outlined why on social media.

Stephanie McMahon @StephMcMahon

Then. Now. Perpetually. Together. pic.twitter.com/8dqr5reIiv

Slash Khan, who took over as co-CEO with Stephanie McMahon after Vince McMahon resigned, is now the corporate’s sole CEO.