Vince McMahon’s return to WWE as the Executive Chairman made it pretty obvious that he planned on selling the company to the highest bidder. After almost months of going back and forth between potential buyers, WWE was sold to UFC’s parent company Endeavor. Now it appears that WWE will making $50 million in cuts after the merger with the UFC.
Endeavor will merge UFC and WWE into a new publicly traded company worth $21 billion. This is truly a massive deal and will lead to significant changes that will be felt by both pro wrestling as well as the Combat sports world for a long time.
After news of the merger made headlines, many people were concerned that massive cuts were going to be made to WWE’s production and roster.
While speaking to Lightshed Live, Nick Khan revealed that WWE will be making at least $50 Million in aggressive cuts. Khan noted that the on-screen product will largely remain untouched.
“If you look at what Endeavor was able to take out, cost-wise, from UFC in 2016 or shortly after that deal was done, we have the same expectation here. We think 50 (million) is a really conservative number. We have integration teams now, we’re going to get those in shape, I think we’ll have a better sense of it in a month or two. We’re going to be pretty aggressive with them to make sure that, for our shareholders and for our company, our organization is as lean and mean as possible, and we’re going to rely on the Endeavor flywheel to make up the rest.
The most important thing is to leave the product untouched. Untouched, meaning, if Triple H and Kevin Dunn want to evolve it, great, but in terms of cutbacks there, that’s not what we’re looking to do.”
It is not known when exactly these cuts will be taking place. Regardless, fans will simply brace themselves for what comes next as WWE will be undergoing quite a few changes in the coming weeks.
What’s your take on what Nick Khan said? Are you worried about the impending WWE cuts? Sound off in the comments!