Vince McMahon deal with UFC’s parent company, Endeavor, to sell WWE is reportedly finalized and it is only a matter of time before the word gets official. Now we know how the boss reacted to the deal.
Endeavor will reportedly own 51% of the company, giving them a majority share. WWE shareholders would get 49% as they start a new publicly traded company, a joint venture between UFC and WWE.
The latest word, according to Brad Shepherd, is that Vince McMahon is comfortable selling his company to Endeavor because it allows him to retain his position on the company’s Board of Directors.
A source in #WWE told me the thought is that Vince McMahon is comfortable with the sale because when @Endeavor bought #UFC, they allowed Dana White to remain the face/leader of it.
This means Vince can still be the heart and soul of WWE. He has his job, he gets paid out, and not much else is expected to change in that regard.
Nick Khan is also expected to remain President of the company on the “wrestling side of things.” Ari Emanuel and Mark Shapiro could also get involved. As for what’s in store for Triple H, there’s no clear word on how the new ownership will influence The Game’s role in the company.
How do you think the deal with impact WWE’s future? Do you think it is the right move on Vince McMahon’s part to sell his company? Sound off in the comments!