WWE Rumored to Have Been Sold to Saudi Arabia’s Public Investment Fund

As noted before, WWE announced this past Friday that Vince McMahon has officially returned to the company and will be resuming his role as the Executive Chairman of their Board of Directors. Prior to his return McMahon had stated that one of his goals back in the company would be a potential sale of WWE to a new buyer with Saudi Arabia’s Public Investment Fund as one of the rumored potential buyers.

As part of the fallout of McMahon’s recent return, six members of WWE’s Board of Directors have either been replaced or resigned with the latest being now former WWE co-CEO Stephanie McMahon.

Bodyslam.net’s Cassidy Haynes and DAZN’s Steven Muehlhausen reported that their sources stated that WWE has been recently sold to the Saudi Arabian Public Investment Fund. Those same sources reportedly also stated that WWE will no longer being a public company and instead will be reverting back to being a private company under Saudi ownership.

Muelhausen reported that McMahon is currently believed to be returning to his former role as Head of WWE Creative as part of the terms of the deal.

For what it’s worth, I’m told the Saudi deal is done and they’re taking the company private.

— Cassidy Haynes of Bodyslam.net (@Casshooole) January 11, 2023

Sources: #WWE has been sold to
Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people.

— Steven Muehlhausen (@SMuehlhausenJr) January 11, 2023