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Rumored WWE sale to Saudi Arabia’s Public Investment Fund: Everything to know

By Scott Rogust

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)
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) /
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Rumors spread on Tuesday night that WWE had completed a sale to the Saudi Arabia’s Public Investment Fund, but that has since been unconfirmed. Here is everything you need to know.

It has been quite the week for WWE. Last week, the Wall Street Journal reported that Vince McMahon was planning his return to the company after stepping away due to allegations of sexual misconduct and hush money payments. His plan to return was to oversee a potential sale of the company.  On Tuesday night, Stephanie McMahon announced that she was resigning as co-CEO of WWE, meaning Nick Khan would be the sole CEO of the company. Oh, and the company announced that Vince was unanimously elected the board’s executive chairman.

Then, rumors began to spread on social media, sending wrestling Twitter ablaze.

There were various tweets from reporters indicating that WWE had closed a deal with the Saudi Arabia Public Investment Fund regarding a sale of the company. That has yet to be confirmed. Here’s everything you need to know regarding the rumored sale of WWE.

Everything you need to know about rumored WWE sale to Saudi Arabia’s Public Investment Fund

There were rumblings about potential big news by Bryan Alvarez of Figure Four Online, tweeting out “I think monster news is imminent.” This came right after the announcement from Stephanie McMahon that she was resigning from her position.

Cassidy Haynes of Bodyslam.net tweeted out later in the night that he was told “a Saudi deal is done and they’re taking the company private.”

Later on, Steven Muehlhausen of DAZN tweeted out that WWE had been sold to Saudi Arabia’s Public Investment Fund. Like Haynes, Muehlhausen said that the company would be going private, but also tweeted out that it was “unknown if Vince McMahon will return to head of creative but it is expected by some people.”

In regards to this news, Sean Ross Sapp of Fightful Select stressed that he was unable to confirm the news.

Dave Meltzer of the Wrestling Observer Newsletter also said that the rumored sale was unconfirmed.

On Wednesday morning, journalist Ariel Helwani reported that there is “no deal in place at this precise moment for WWE to be sold to Saudi Arabia’s Public Investment Fund, or any entity.” Additionally, Helwani says he was told that WWE was still exploring their options.

As time passed, Meuhlhausen’s tweet about the sale being done has been deleted.

We will continue to keep you updated regarding a potential sale of WWE to any entity once they’ve been confirmed. As of now, the reports of WWE being sold to Saudi Arabia’s Public Investment Fund are untrue.

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