In what has been a remarkable four days for WWE, CEO Nick Khan, and Executive Chairman Vince McMahon, the company has now agreed a stunning deal with UFC parent company Endeavor.
The deal was announced on April 3rd and will see the creation of a new publicly listed company. The merger is worth a staggering $21 billion.
In the SEC filing from WWE regarding the deal, it has been revealed that Nick Khan, Triple H, and Frank A. Riddick III are set for impressive financial windfalls when the merger is complete.
Nick Khan will land a bonus worth $15 million, Triple H will receive $5 million and Frank A. Riddick III will also receive $5 million “as soon as practicable following the closing date of a Qualifying Sale Transaction.”
Nick Khan To Work As WWE President
As noted by Brandon Thurston of Wrestlenomics, the new company will have the following structure.
- Ari Emanuel – Endeavor & NewCo CEO
- Vince McMahon – NewCo Exec Chairman
- Mark Shapiro – Endeavor & NewCo Pres./COO
- Jason Lublin – Endeavor CFO
- Andrew Schleimer – NewCo CFO
- Dana White – UFC Pres.
- Lawrence Epstein – UFC COO
- Nick Khan – WWE Pres.
Vince McMahon also confirmed that he will be involved with WWE creative going forward. McMahon denied that he would be “in the weeds,” but instead involved on a “higher level.”
Following Roman Reigns shocking win over Cody Rhodes in the main event of WrestleMania it was speculated that this could have been down to Vince McMahon. However, it has been reported that this wasn’t the case.