As previously reported, there were major rumors that WWE was sold to Saudi Arabia’s Public Investment Fund and that the company was set to go back to being private. It was mentioned at the time that none of these rumors were confirmed, but since it was major news, many felt that it needed to be announced and a number of people even claimed that the sale was already completed. The rumors began hours after Stephanie McMahon announced she was resigning as the co-CEO of WWE and that the Board had unanimously approved Vince McMahon to return as Executive Chairman.
Ariel Helwani reports that his sources in the WWE revealed they’re still exploring all options and no deal is in place at this moment for the promotion to be sold to Saudi Arabia’s Public Investment Fund or any other entity. Helwani also noted that DAZN’s Steven Muehlhausen has deleted his original tweet that said the sale to Saudi Arabia’s Public Investment Fund was already done.
TMZ as well as Brandon Thurston of Wrestlenomics also noted that no deal has been done and the rumors of WWE being sold to the Saudi Arabian Public Investment Fund was untrue. As of this writing, WWE has not made any comments in regards to the sale despite mainstream media covering the reports, but it is likely that these updates from TMZ and Helwani denying the sale are coming from the company itself.
You can check out the tweets below:
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.— Ariel Helwani (@arielhelwani) January 11, 2023
The organization is still exploring all options, I’m told. Developing.
Worth noting that the original tweet stating it was a done deal has since been deleted.— Ariel Helwani (@arielhelwani) January 11, 2023
I concur with @RichLightShed. I asked someone at WWE, who would know, who said the story that took hold of Twitter last night, about WWE and Saudi Arabia being near a deal to take the company private, is untrue.— Brandon Thurston (@BrandonThurston) January 11, 2023