• Amount Of Money Triple H & Nick Khan Received After WWE Sale Revealed
The sale of WWE is official at a valuation of $9.3 Billion. Vince McMahon will serve as the Executive Chairman of the Board until the earliest of his death, resignation or incapacitation; in the new company, New PubCo.
UFC and WWE will form a $21+ Billion global live sports & entertainment company.
New, Publicly Listed Company will be 51% owned by Endeavor and 49% by existing WWE shareholders.
Together, UFC and WWE expect to deliver an estimated $50 million to $100 million in annualized run rate cost synergies by leveraging, among other things, Endeavor’s back office and robust infrastructure.
Endeavor also expects significant growth across revenue areas including domestic and international media rights, ticket sales and yield optimization, event operations, sponsorship, licensing and premium hospitality.
According to Fightful Select, Triple H and Nick Khan received big checks after the sale news:
“Nick Khan will receive a $15 Million bonus, Triple H a $5 Million bonus ‘in light of their significant contributions to the Company prior to and in connection with the Transactions and to promote retention’.”
Also Read: WWF Veteran Wants Shinsuke Nakamura Fired
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• On This Day In Pro Wrestling History (April 18, 2018) – Old School WWF Legend Passed Away
On this day in 2018, we lost Old School WWF Legend “The Living Legend” Bruno Sammartino at the age of 82 due to heart problems.
During his 2 reigns as WWWF World Heavyweight Champion, Bruno held the belt for 11 years combined, a record that still stands and it’s safe to say that it will never be duplicated.
Bruno wrestled for Vince McMahon Sr.’s WWWF (later WWF) from 1959 until 1981, and later as a part timer for Vince McMahon Jr.’s World Wrestling Federation from 1984 till 1987.
He was inducted into the WWE Hall of Fame in 2013 by his close personal friend Arnold Schwarzenegger.
† REST IN PEACE BRUNO SAMMARTINO
October 6, 1935 – April 18, 2018