In what will be seen as one of the more remarkable stories in modern WWE history, Vince McMahon returned to the company on January 6th.
Vince McMahon’s return comes despite fresh allegations of sexual assault emerging just a month ago. In a report noting that McMahon was refusing to meet the legal demands of two women, it was revealed that he stood accused of sexually assaulting a spa owner in California in 2011.
The other woman he wasn’t meeting legal demands for was former referee Rita Chatterton, who was seeking $11.75 million in damages for an alleged rape committed by McMahon back in 1986.
News On Potential WWE Sale
Vince McMahon’s return comes with the caveat he will now attempt to oversee the sale of the company. In the wake of his comeback it was reported that WWE have hired JP Morgan to advise on a potential sale.
Speaking on Wrestling Observer Radio, Dave Meltzer has now reported that WWE are looking to secure a sale before negotiations over their next media rights deals begin.
“Now, the idea is that they’re looking to sell before the TV deal.”
“There’s a lot to go through. They were looking to sell by the middle of this year, and the new TV deal wouldn’t be going into effect until October 2024 and probably not be negotiated until the end of this year, most likely. It could be the beginning of next year as well, most likely before the end of this year, so it could be under new ownership.”
This comes after it was claimed that Saudi Arabia’s Public Investment Fund could be potentially interested in buying the company. PIF are already the majority shareholders in English Premier League club Newcastle United, while also being behind controversial body LIV Golf, which has been set up as a rival to the established PGA Tour. The group are already in control of a staggering list of assets worth $620 billion.
H/t to WrestlingNews