Friday, March 29, 2024
News​Backstage Update - Vince McMahon Selling WWE?

​Backstage Update – Vince McMahon Selling WWE?

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For whatever this is worth, in the investment community, many have
interpreted Vince McMahon’s comments in the recent Forbes article to mean that
he’s willing to either sell WWE, or at least a major ownership stake in the
company. The speculation is he would structure a deal that would see him remain
in charge, but monetize his ownership value for his family before he passes
away.

Those in the investment community seem to feel that McMahon should recognize
the need to strike a deal where he can retain control, but also have the company
in the hands of someone who can create a suitable successor for him.

Even if McMahon sells an ownership stake in his company, the feeling is that
nobody would actually replace him as the guy in charge, unless of course he’s
simply too old to function at his job at that point in time.

For those wondering, the companies most speculated regarding media partners
who would be the best fit in a situation like this are Madison Square Garden and
Liberty.

WWE has denied rumors of merger talks, however the speculation has resulted
in some of the stock increases we have seen over the past week.

Source: The Wrestling Observer Newsletter