-

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.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

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

The Miz talks about friendship with Jason and Travis Kelce

The Miz recently spoke with hosts Danny Murphy and Evan Real on SiriusXM’s Page Six Radio. During the interview, The...

WWE announces Royal Rumble 2027 date and ticket information

WWE finally announced the date of the 2027 Royal Rumble for February 6. The date was long-rumored but never...

Former property belonging to The Fabulous Moolah up for sale

A former waterfront property in Columbia, South Carolina formerly owned by wrestling legend and WWE Hall of Famer The...