Vince McMahon’s hostile return to WWE brought a ton of attention. It was stated that his comeback was to facilitate an eventual sale of the company. So far, Vince McMahon has not dabbled in WWE creative yet, but you can never say never. His big concern seems to be getting everything in order for a perspective buyer to come in and take the company off his hands.
WWE fired a few people from their offices last week. This was naturally a big topic of conversation. Even before that, the company released their Vice Presidents of Communications, and plenty of people around the company, and throughout the pro wrestling world, were shocked to see Adam Hopkins go.
The Wrestling Observer Newsletter wrote a little piece on the recent internal WWE firings. It was noted that these releases, and some of them were surprising, were done in preparation for an eventual company sale.
There have been a lot more cuts on the corporate side in the past few weeks in different departments since the return of Vince McMahon. The belief is that these cuts are being made to lower the costs to get the company ready for a sale. Matthew Drew, who was the Senior Vice President of International, was the biggest name let go. He came from DAZN in June 2021 which means he was a Nick Khan hire, since Khan hired a number of people from DAZN in 2021. His job included managing global media partners, devising international strategy for overseas live events, digital, consumer products and new revenue opportunities
There are a few big names who might buy WWE. Comcast, Endeavor, and even Saudi Arabia are in the mix. Of course, each one of those perspective buyers comes with benefits and drawbacks. If the company can reduce operating costs, then that certainly makes a buyout more attractive.
The idea of Vince McMahon selling WWE is not a new one. If anything, fans have batted around perspective buyers for years. It is a very real thing to consider now, and fans could see the company in new hands by the middle of this year.
We will have to see what happens with WWE in the future. Things are certainly unpredictable right now. In the meantime, keep checking back with Ringside News for all the news you need.
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