As WWE prepares for its biggest event of the year, the company remains very much up for sale.
However, it has now been reported that the process could take a large leap forward in April. The report from CNBC reports that WWE is set to meet with potential buyers ahead of the first round of bidding. Although the report also cautions that there is no guarantee that a transaction will take place.
Vince McMahon returned to WWE in January and forced his way back onto the Board of Directors, having had an earlier comeback blocked. McMahon had stepped down from his role with the company the previous July surrounded by numerous allegations of sexual misconduct.
Once back with the company he installed two associates onto the Board with him and was elected Executive Chairman. Both McMahon and WWE have claimed on numerous occasions that he is only working on behalf of the company in order to secure a sale. In recent weeks it was revealed that McMahon has slapped a monster $9 billion price tag on the sports entertainment giant.
Despite suggestions that he wouldn’t be involved in creative, it appears that this isn’t the case. After it was noted that McMahon “pushed through” the match between Omos and Brock Lesnar for WrestleMania, a further report claimed he’s “doing more than they’re letting on.”
Vince McMahon was also backstage at the March 6th episode of Monday Night Raw where he was said to be visiting John Cena.
WWE In Talks Over Legalised Gambling On “High-Profile” Matches
The same report from CNBC also revealed that WWE is in talks with gambling regulations to legalise gambling on some of its matches in Colorado and Michigan.
WWE is reportedly citing the Oscars betting template as proof that gambling on pre-determined events is safe. At present, five states allow betting on the Academy Awards, including Colorado and Michigan. The others are Louisiana, New Jersey, and Indiana.
It has been legal to bet on WWE events and matches in the United Kingdom for a number of years.