Saudi Arabia Said To Have ‘Grossly Overpaid’ For WWE

No one could have guessed just how many changes WWE was going to go through after Vince McMahon came back to the company last week. In a matter of days, Vince McMahon ended up usurping his throne and becoming the Executive Chairman of the company once again. He is in the process of selling the company to Saudi Arabia and it seems Saudi Arabia might have grossly overpaid WWE in their deal.

Vince McMahon’s return to WWE saw Stephanie McMahon’s exit and the company’s potential sale. Nick Khan is now the only CEO of the company, while Triple H remains the Creative Head of WWE.

A report emerged that WWE has agreed to sell the company to Saudi Arabia. Due to this shocking piece of news, fans were simply astonished and vented their frustrations on social media.

The Saudi Arabia Public Investment Fund could become the new owner of WWE. The Saudi Arabia Public Investment Fund has $620 billion in wealth and is overseen by its Chairman, Saudi Crown Prince Mohammed Bin Salman.

During a Fightful live-stream, Sean Ross Sapp reported that there is the possibility that Saudis had “grossly overpaid” if one considers the competition they were facing. Other companies that were interested in buying WWE include FOX, Comcast, Apple, Netflix, Disney, and Amazon.

As previously reported, WWE has agreed on their sale with Saudi Arabia in principle. Keep checking back here at Ringside News as we continue monitoring this ongoing situation.

What’s your take on this WWE story? Sound off in the comments!