• Saudi Arabia Has “More Than Business Reasons” To Buy WWE For $9 Billion
Earlier this year, Vince McMahon returned to the Board Of Directors and became The Chairman once again.
He’s back to sell the company and to ensure that they get the best deal possible, ahead of the upcoming RAW/SmackDown/NXT TV contract negotiations.
According to Bloomberg, Vince is asking for $9 billion to sell the company, which is 37% higher than WWE’s current market value of $6.5 billion.
Since Vince’s return in January and the news coming out of WWE being up for sale, the stock has risen by 30%.
Many big companies are interested in acquiring WWE, and one of them is Endeavor Group Holdings Inc, which owns UFC as well.
According to the Wrestling Observer, Saudi Arabia is very interested in buying WWE and they would be willing to pay Vince $9 billion because they have more than business reasons in acquiring the #1 pro-wrestling company in the world.
Saudi Arabia has been accused of “sportswashing”. They are trying to improve their image in front of the world with the help of popular sports.
They used their Public Investment Fund to finance LIV Golf and invested in Soccer. This led to accusations that Saudi Arabia is trying to make it look like human rights issues don’t exist in their country.
WWE is a global form of entertainment, viewed in hundreds of countries for decades. If Saudi Arabia manages to acquire WWE, they will definitely be able to accomplish what they want to.
• ON THIS DAY IN WWF HISTORY (February 20, 1993) – WWF Superstars of Wrestling
On this day in 1993, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Superstars of Wrestling’.
This episode was pre-taped at the San Jose State Event Center in San Jose, California and featured matches, promos & storyline segments on the road to the ‘WWF WrestleMania IX’ PPV.
Here’s the card:
– Razor Ramon vs. Buddy Wayne
– Mr. Perfect vs. Bobby Young
– Bam Bam Bigelow vs. Earthquake
– Kamala vs. Mike Starr
– The Undertaker vs. Raven Clark