-

WWE advisors Raine Group to get $65 million fee following Endeavor sale

Raine Group, which is advising WWE on its sale to Endeavor, will get one of its biggest paydays with a $65 million fee when the Department of Justice approves it.

Raine is also currently helping the Glazer family sell Manchester United but that fee will be considerably less since WWE’s sale is going for far more money. They also helped Roman Abramovich sell Chelsea last year and netted $38 million.

The group, which was launched in 2009 by former Goldman Sachs banker Joe Ravitch and Morgan Stanley and former UBS banker Jeff Sine, will get a total of about 1% of total aggregate fees according to the Financial Times. In addition, JPMorgan and Moelis & Company will get about $25 million each for other advisory roles.

Sine’s relationship with the McMahon family dates back to 20 years says the FT and the group also advised McMahon on the XFL short-lived revival in 2020.

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

Bryan Danielson challenges Kazuchika Okada after surprise NJPW Dominion appearance

Bryan Danielson appeared via video at New Japan Pro-Wrestling's Dominion show today and issued a challenge to Kazuchika Okada. Danielson's...

The top 5 WWE Superstars of Middle Eastern heritage

With a massive global following, WWE has become one of the most popular sports entertainment brands today. Weekly shows...

Dynamite rating for 05/31/2023

The post-Double or Nothing Dynamite drew 923,000 viewers this week, up 77,000 viewers from the prior week. This was...
spot_img