Vince McMahon is ‘in advanced talks to sell WWE to UFC’s parent company to make a COMBINED powerhouse valued at $9.3BILLION… and a deal could be done by MONDAY’
<!–
<!–
<!–
<!–
<!–
<!–
Vince McMahon is reportedly in advanced talks to sell the WWE to Endeavor Group – the organization that owns the UFC.
CNBC is told by ‘people familiar with the matter’ that a deal could be announced on Monday, adding that the UFC and WWE would be spun off into a new publicly traded company.
Endeavor’s stake will be 51 percent, according to CNBC, while WWE shareholders would retain 49 percent of the company.
According to the report, Ari Emanuel would act as chief executive of both his Endeavor Group and the new conglomerate.
Vince McMahon, likewise, is expected to be executive chairman having jut returned for an agreed two-year term. Meanwhile, Endeavor president Mark Shapiro will also work in the same role at the new company. Dana White will remain as president of UFC, while WWE CEO Nick Khan will serve as president of the wrestling business.
Vince McMahon is reportedly in advanced talks to sell the WWE to Endeavor Group
UFC president Dana White has not commented publicly on the matter
The deal appraises the WWE at $9.3 billion, CNBC reports. This value comes from Endeavor’s slated 51 percent ownership of amalgamated company, while WWE shareholders would get 49 percent.
UFC president Dana White has not commented publicly on the matter.
UFC box office legend Conor McGregor has commented, though.
The Irishman seems to be salivating at the idea of operating under the same roof as WWE and has already goaded the WWE locker room.
SportsMail understands that although talk of a WWE sale have been hanging around for months, talent is surprised that the news has accelerated during their most important weekend of the year.
Understandably, it’s the talk of the locker room and the post-show press conference with Triple H will likely yield more tangible answers.
It will be an incredible deal for McMahon either way. He was forced into retirement last July amid sexual misconduct allegations and hush money payoffs, but now he will collect millions for the sale, keep stock in a powerful combined company and, on top of that, he’d be the second most powerful man/ranking officer in this new juggernaut.
More Stories
Furious Lions star Dayne Zorko claims AFL has legalised attacks on players’ genitals after rival who left him with ‘bruised’ groin got off with just a fine
Manchester United 2-3 Borussia Dortmund: Errors in defence lead Ten Hag’s men to defeat in Las Vegas
LeBron James ‘kept telling diners how grateful he was’ to be at dinner with son Bronny, 18, just four days after his cardiac arrest in basketball practice