Vince McMahon Gave Nick Khan His Word His Comeback Was To Orchestrate The Sale Of WWE

Nick Khan says that Vince McMahon’s return to WWE was legitimately not a move and McMahon had the desire to sell the company.

Nick Khan spoke at the MoffettNathanson’s Inaugural Technology, Media, and Telecom Conference earlier this week and noted that Vince McMahon gave him his word that he was legitimately coming back to sell WWE.

“When he came back, the term was for ‘strategic alternatives.’ He and I had a conversation, which he’s comfortable with me sharing today, ‘tell me, is this real, because there is some scuttlebutt out there that maybe this is just your way to come back into your company,’ which he would have to do also. He said, ‘I’m committed to it. I give you my word.’ Raine was the lead banker on the transaction. Vince said he wanted a strong banker on it, that is a management decision, and the board would have representation as well. He gave me his word that he was serious about the process, lo and behold, he was serious about the process. The deal was finagled April 1 and announced April 3 before the market opened,” 

Nick Khan

Vince ended up selling WWE to Endeavor who are in the process of merging the company with the UFC to create one 21 billion dollar company.

H/T to Fightful

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