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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.
