Manik Aftab on February 28, 2023
Vince McMahon found his way back to WWE in one of the biggest powerplays in the world of sports and entertainment. The billionaire made his shocking return to the company because he wanted to guide it through a potential sale. It appears that Vince will have to omit UFC’s parent company from the list of potential buyers because they are simply not interested in the product.
UFC’s parent company Endeavor recently held their fourth quarter and full year earnings call for 2022. Endeavor CEO Ari Emmanuel was asked if his company was interested in acquiring Vince McMahon’s WWE. The top executive responded by praising Vince for creating a global empire. He then revealed that Endeavor isn’t actively seeking to acquire WWE.
“As it relates to WWE, it’s an unbelievable product. Vince is an unbelievable…he’s created a great business. We’ve had a long standing relationship with them over two decades. We’re doing, as I indicated, the On Location business with them, The Endeavor Streaming with them.
“You know, his business is really valuable, but we’re not going to do anything as it relates to changing our leverage position right now.”
As previously reported, Saudi Arabia has a definite interest in buying WWE and there is a good chance that might just be what happens. The country has a lucrative multi-year agreement already in place with WWE. The deal has created a consistent revenue stream for the sports and entertainment juggernaut as well.
Vince McMahon won’t rest until he sells WWE for loads of money. Stay tuned to Thirsty for more.
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February 28, 2023 8:05 pm
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