Vince McMahon came back to WWE last week and fans feared the downfall of the company was underway. Many fans feel that is exactly what is happening as McMahon is now back as the Executive Chairman of WWE and reports suggested that he is in the process of selling the company to Saudi Arabia. Despite multiple reports suggesting that WWE is more or less sold to Saudi Arabia, it seems that is not the case.
There was already a story that McMahon and Khan had a deal to sell WWE. This piece of news spread like wildfire in the pro wrestling world and it ended up dominating headlines, even now.
Many people in general hated the fact that WWE has a working relationship with Saudi Arabia due to the nature of the country. Therefore, it comes as no surprise fans were outraged that WWE even tried to get sold to the Kingdom of Saudi Arabia.
According to a report by TMZ Sports, WWE has not been sold to Saudi Arabia’s Public Investment Fund. This is despite the fact that rumors have suggested countless times that WWE has already been sold.
TMZ Sports is not the only outlet to shut down these rumors, as Ariel Helwani, who is very reputed himself, reported that WWE currently has no deal in place to sell the company.
It was also reported that WWE talent will be done with the company if a deal with Saudi Arabia goes through. However, with WWE not having any form of finalized deal with Saudi Arabia right now, perhaps fans can breathe a sigh of relief now. Keep checking back here at Thirsty For News as we continue monitoring this ongoing situation.
What’s your take on the Saudi Arabia rumor? Sound off in the comments!