Following the return of Vince McMahon to WWE, it appears that the company could soon be sold with Nick Khan being a major benificiary.
McMahon’s return was said to be in order to help facilitate a sale, while steps have begun to be taken in that direction. WWE have also already hired JP Morgan to act as advisors on a potential sale.
While these are new developments and came in a whirlwind of chaos with the former Chairman returning to the company, the idea of WE being sold is nothing new. In fact, when now co-CEO Nick Khan was hired by WWE in August 2020, it was at least partially to aid in the sale of the company. Furthermore, Conrad Thompson has claimed that Khan could secure a major financial bonus is he helps find WWE a new owner.
Nick Khan To Net Tens Of Millions If WWE Is Sold
Speaking on What Happened When with Tony Schiavone, Thompson broke down the story he had been told by a contact. The ‘Podfather’ explained that the idea of a sale is “years old,” noting that Khan could make a substantial sum if the company is sold, more than AEW’s TV contract for a year is worth.
“I’ve been saying on this program for a while that WWE was going to sell. Do you know why I said that? Because I knew. You know how I knew? Remember when Nick Khan first joined WWE? Well he joined, and he was, of course, an agent. You’ve heard of like UTA and CAA and WME, all these big Hollywood agencies. He was a guy who was helping to negotiate contracts and make deals and things like that. I happened to have some friends who needed representation like that. We’ll say that.
My friend was represented by the same company that Nick Khan was sort of running, and when my friend sees that the guy who runs this big agency is now going to WWE, he thought, ‘What the f**k? This doesn’t make any sense.’
So he called his contact and said, ‘Dude, what’s up with Nick going, blah, blah, blah.’ He said, and this is years ago now, ‘Yea. He’s got a deal with Vince where in his contract, he gets a big payday when he helps facilitate the sale.’ He told me the number, and I won’t say the number because that’s talking about somebody’s money and that’s not cool, but let’s just say this, it’s more than AEW’s TV contract is for a year. It’s a lot. It’s a lot, a lot. So when you hear it’s a lot, a lot, you think, ‘Well why would this guy go here?’, Ah ha, and now, Ta Da.
I’ve heard backchanneling before Mean Gene passed away, he said, ‘Well, I heard from’, and I won’t say who he heard it from, ‘When the stock gets to so and so,’ This has been brewing for a while. I know a lot of wrestling fans have been thinking, ‘Well this is just a brand new development.’ It’s years old.”
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.
H/t to WrestlingNews.Co