WWE is reportedly considering selling the company and has begun working with outside advisors to assist with negotiations for upcoming media rights deals. WWE has said that “they do not intend to comment further until the process has concluded or the Company has otherwise determined that further disclosure is appropriate or required,” regarding the “strategic alternatives review process.” NXT commentator Booker T discussed the potential sale on his Hall of Fame podcast.
Booker T stated that WWE has been as powerful as it has been in a long time over the last couple of months. He then revealed that he does not believe the deal will take place within the next 365 days.
WWE right now has been as strong as it’s been in quite some time over these last couple of months. Stock is up. There is a whole lot of talking going on out there. Personally, do I think the company is going to sell any time soon? I’m going to say no. That’s just me. As far as the company selling anytime soon. That’s within the next 365 days. I don’t see that happening. I just don’t. A sale of that magnitude, there has to be so many T’s crossed and I’s dotted. I can only imagine the money involved in a sale like that. It’s not like buying a car or a house, I would imagine. I would think. I’ve never been in this position before or anything. I don’t see it happening within the next 365 days. I could be wrong, but we’re going to be talking about it a year from now if they don’t.
It’s not a whole lot out of nothing. It is big news. Even a potential sale. I don’t know the money situation of the McMahon situation or anything, that’s well above my pay grade and me wanting to know. I would think the family is okay as far as money goes. Vince McMahon has been around a long time. I would think he has enough money to be happy. I don’t think billions and billions more dollars is going to make him that much more happy because it’s not, it wouldn’t. It would secure his family life and legacy for years and years to come, that’s something that, the family generational money wouldn’t have to worry about. Owning the WWE is something that is generational wealth in itself as well. For that to be passed down to the kids and the kids to be able to do with that, I would think that’s what a dad…that’s what I would do, if I was a dad and it was my kids. I would be thinking about building this thing up as big as I possibly can so one day they can do whatever they want to do with it, just like his dad passed it down to him. That’s the way I see it. It could be a whole lot of talk about a sale, but at the end of the day, I don’t think it’s going to happen, not anytime soon, if it does.
WWE right now has been as strong as it’s been in quite some time over these last couple of months. Stock is up. There is a whole lot of talking going on out there. Personally, do I think the company is going to sell any time soon? I’m going to say no. That’s just me. As far as the company selling anytime soon. That’s within the next 365 days. I don’t see that happening. I just don’t. A sale of that magnitude, there has to be so many T’s crossed and I’s dotted. I can only imagine the money involved in a sale like that. It’s not like buying a car or a house, I would imagine. I would think. I’ve never been in this position before or anything. I don’t see it happening within the next 365 days. I could be wrong, but we’re going to be talking about it a year from now if they don’t.
It’s not a whole lot out of nothing. It is big news. Even a potential sale. I don’t know the money situation of the McMahon situation or anything, that’s well above my pay grade and me wanting to know. I would think the family is okay as far as money goes. Vince McMahon has been around a long time. I would think he has enough money to be happy. I don’t think billions and billions more dollars is going to make him that much more happy because it’s not, it wouldn’t. It would secure his family life and legacy for years and years to come, that’s something that, the family generational money wouldn’t have to worry about. Owning the WWE is something that is generational wealth in itself as well. For that to be passed down to the kids and the kids to be able to do with that, I would think that’s what a dad…that’s what I would do, if I was a dad and it was my kids. I would be thinking about building this thing up as big as I possibly can so one day they can do whatever they want to do with it, just like his dad passed it down to him. That’s the way I see it. It could be a whole lot of talk about a sale, but at the end of the day, I don’t think it’s going to happen, not anytime soon, if it does.
Booker T on Hall Of Fame
On January 6th, Vince McMahon used his majority ownership to re-appoint himself and former WWE presidents George Barrios and Michelle Wilson to the company’s Board of Directors, removing JoEllen Lyons Dillon, Jeffrey R Speed, and Alan M Wexler. McMahon indicated that his goal was to facilitate the sale of the company.
H/T to Ringside News
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