In recent comments, WWE CEO Nick Khan sheds further light on the possibility of a company sale.
WWE recently declared that they had sought the advice of external consultants to evaluate different strategies regarding their upcoming media rights negotiations. One such strategy is the possibility of selling the company, which would occur before finalizing the media rights agreements for WWE Raw and WWE SmackDown.
Nick Khan stated on CNBC that the market for WWE products is strong, and if a sale occurs, it will happen quickly.
“Quick. I think it’s going to be a fast process. Maybe three months,” he said.
Vince McMahon made a surprise return to WWE on January 6, taking on a role as a board member. He stated that his recovery was necessary to attend the upcoming media rights negotiations as the founder and controlling shareholder of the company. McMahon had previously retired in July 2022.
“You’re right, it’s very tough to take control from him, and he’s built an empire that has certainly been good by me and for me. Vince has declared to the board, to me, and to other management that he is 100% open to a transaction where he is not included in the company moving forward. I really believe he’s looking for the best value for the shareholders. Keep in mind, he’s also a large shareholder. He’s 77 years old and I think he’s ready to take a look at the landscape.”
