-

Industry sources shoot down rumor of WWE being sold to Saudi Arabia’s PIF yesterday

A rumor started last night by DAZN Wrestling’s social media coordinator Steven Muehlhausen that WWE was sold to the Saudi Arabia Private Investment Fund was shot down completely by several industry sources today although his tweet, now deleted, already went viral.

Scott Soshnick, the editor-in-chief of Sportico wrote that the “sales process hasn’t even begun in earnest” while Rich Greenfield, an analyst at LightShed, ripped Muehlhausen for spreading false information.

“Contrary to reports stating otherwise last night, there is no deal in place at this precise moment for WWE to be sold to Saudi Arabia’s Public Investment Fund or any entity, sources say,” added reputable reporter Ariel Helwani. “The organization is still exploring all options, I’m told. Developing.”

TMZ.COM also spoke to several WWE sources which confirmed that there was no deal in place between the two parties.

The Saudi Private Investment Fund remains one of the options WWE is evaluating for a potential sale along with others such as Comcast, Disney, and Endeavor Group Holdings.

A sale to the Saudi PIF would be highly controversial for all the obvious reasons and Sean Ross Sapp of Fightful adds that several WWE Superstars are ready to quit if the sale to the Saudis goes ahead.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

New Shawn Michaels action figure from Mattel Creations’ Nostalgic Fan Favorites line

Mattel has announced a new Ultimate Edition action figure of Shawn Michaels as part of their Mattel Creations’ Nostalgic...

Dynamite rating for 06/19/2024

AEW had a bad night on Wednesday as Dynamite, with the first MJF match commercial free and an extended...

Jim Ross to receive Cauliflower Alley Club announcers’ award named after him

AEW broadcaster Jim Ross will be honored by the Cauliflower Alley Club as the first recipient of its brand...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading