WWE ‘could be sold by Vince McMahon to UFC’s parent company’
Vince McMahon is ‘in advanced talks to sell WWE to the parent company of the UFC to make a COMBINED powerhouse valued at $9.3BILLION…and a deal could be reached on MONDAY’
Vince McMahon is reportedly in advanced talks to sell WWE to the Endeavor Group, the organization that owns the UFC.
CNBC He was told by ‘people familiar with the matter’ that a deal could be announced on Monday, adding that the UFC and WWE would split into a new publicly traded company.
Endeavor’s stake will be 51 percent, according to CNBC, while WWE shareholders would retain 49 percent of the company.
According to the report, Ari Emanuel would act as CEO of both his Endeavor Group and the new conglomerate.
Similarly, Vince McMahon is expected to serve as CEO after returning for an agreed term of two years. Meanwhile, Endeavour’s president, Mark Shapiro, will also serve in the same role at the new company. Dana White will remain as president of the UFC, while WWE CEO Nick Khan will serve as president of the wrestling business.
Vince McMahon is reportedly in advanced talks to sell WWE to the Endeavor Group.
UFC president Dana White has not commented publicly on the matter.
The deal values WWE at $9.3 billion, CNBC reports. This value comes from Endeavor’s 51 percent ownership of the merged company, while WWE shareholders would get 49 percent.
UFC president Dana White has not commented publicly on the matter.
However, UFC box office legend Conor McGregor has commented.
The Irishman seems to be salivating at the thought of operating under the same roof as WWE and has already incited the WWE locker room.
SportsMail understands that although talk of a WWE sale has been swirling for months, the talent is surprised that the news has accelerated during his biggest weekend of the year.
It’s understandably the talk of the locker room and the post-show press conference with Triple H will likely yield more tangible responses.
It will be an incredible deal for McMahon either way. He was forced to retire last July amid allegations of sexual misconduct and hush-money bribes, but will now rake in millions from the sale, hold shares in a powerful combined company and, on top of that, would be the second most powerful man. Ranking officer in this new giant.