As the business reportedly gets ready for a sale, Vince McMahon rejoined the WWE Board of Directors last week. The odds for which company will buy the wrestling are now revealed. After the former CEO’s inappropriate behaviour with former female employees, the 77-year-old decided to leave the organization in July 2022.
Nick Khan and Stephanie McMahon were appointed co-CEOs after his departure, and Triple H took over the organization’s creative leadership. Recently, McMahon stated in a press release that he would not approve any media-rights deals or sales unless he was directly involved as an executive chairman from the beginning of a strategic review. The wrestling promotion is expected to sign a significant TV rights agreement soon in addition to potentially being sold to another company.
The odds for which company will acquire WWE in the near future. Comcast currently holds the top spot in the clubhouse with a score of -140, followed by Disney with a score of +350. The parent company of the UFC, Endeavor, comes in third place with a score of +900, followed by Warner Bros. Discovery, Fox, Netflix, Amazon, and Fox. According to Tony Khan, president of AEW, acquiring WWE is unlikely. In the beginning, wrestling fans welcomed the new leadership and supported Triple H’s plans for the organization.
Stephanie McMahon’s departure from the organization
Time will tell if a potential sale will benefit viewers or just Vince McMahon’s bank account, as WWE’s ratings have recently declined. The entire WWE Universe was shocked by Stephanie McMahon’s official announcement of her departure from the organization. Recent reports have covered the effects of her choice, the factors that went into it, and how the change will affect other people’s roles. Nick Khan is the sole CEO of WWE as a result of Stephanie McMahon’s resignation from her position in that capacity.
The company’s board of directors also unanimously and simultaneously chose Vince McMahon to take over as executive chairman of the board. According to a recent report, the former Women’s Champion’s departure from WWE was more of a continuation of the leave of absence she had previously taken before accepting the role of co-CEO this past summer. The actors who the outlet had spoken to “liked” Stephanie, it was reported.