The past year has seen Vince McMahon at the center of a scandal involving allegations of payoffs to keep accusations quiet. The professional wrestling community has been closely following the situation, eagerly awaiting developments. Despite the controversy, McMahon has managed to reclaim his position and has been actively shaping the direction of the company. McMahon came back in a bid to sell WWE and is making preparations for that. In fact, now it seems Comcast is the current favorite to buy WWE.
Vince McMahon’s return to the Board of Directors was viewed as a hostile takeover, as he displayed utter ruthlessness to achieve his goals. This move was met with a lot of backlash, for good reason. In the end, he was appointed as the Executive Chairman of WWE, following the resignation of Stephanie McMahon, while Nick Khan remains the sole CEO.
With Vince McMahon’s return to the company, the rumors of him selling the company have never been stronger. In fact, there are quite a few big companies in contention for the company right now.
Saudi Arabia remains in contention, despite initial reports of WWE selling to the country getting debunked. Tony and Shahid Khan are also in the buyer’s pool. According to odds checker, it was noted that Sportsbooks have Comcast as the betting favorite to buy WWE, at -140 odds and an implied 58.3 percent change.
There was also a call for Amazon to purchase WWE. The Rock also believes that WWE’s new owners should be as passionate as Vince McMahon. McMahon will also not require any approval from WWE’s shareholders to take any actions from now on. We’ll have to see who will end up purchasing WWE in the end, as there are still quite a few viable options.
What’s your take on this WWE story? Sound off in the comments!