On January 10th Stephanie McMahon left her position with WWE where she had been working as co-CEO alongside Nick Khan.
This chain of events also saw Vince McMahon elected as Executive Chairman and reports that the company had been sold. Although the latter has proven not to be the case. While WWE is open to a sale, there have been no deals done as yet.
McMahon stated that his initial returned to WWE’s Board of Directors was to help ensure that the company was sold.
Nick Khan Meets “Heavy Hitters” In Los Angeles
Speaking on the latest edition of Wrestling Observer Radio, Dave Meltzer confirmed that WWE hasn’t been sold although Saudi Arabia’s Public Investment Fund is “in the hunt.” However, they are far from alone, with Meltzer adding that all of the names that have been made public in recent days are also interested. To that end, Nick Khan actually met with Walt Disney Company CEO Bob Iger and ESPN President James Pitaro on January 9th.
“The names are out there are all in the hunt. Nick Khan was in Los Angeles when I was in Los Angeles… [He] went to the football game Monday night, so he wasn’t at Raw and met with some heavy hitters because the heavy hitters went to the College Football Championship game. Bob Iger, Jimmy Pitaro, so I guess those names will ring some bells. They’re looking to sell by the middle of the year, JP Morgan is helping them.”
Meltzer went on to confirm that Nick Khan is running the company while Vince McMahon is working towards a sale.
“Vince McMahon is obviously going to be the guy facilitating and working on the sale, but the guy who is running the company right now is Nick Khan. It’s not anyone else. That can change tomorrow, but that’s the case today.”
Vince McMahon’s WWE return hasn’t passed off without incident. After it was confirmed that two Board members quit over him coming back, it was revealed that he is also facing a class action lawsuit in relation to his comeback. The report states that a WWE shareholder is suing McMahon for the way which he forced his way back onto the Board.
If you use any of the quotes from this article please credit the original source with a h/t back to Inside The Ropes.