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Update On WWE Being Sold To Saudi Arabia Public Investment Fund

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• Update On WWE Being Sold To Saudi Arabia Public Investment Fund

As reported earlier today, Stephanie McMahon resigned as chairwoman & co-CEO of WWE.

Vince McMahon was elected as The Chairman by the Board and Nick Khan will be the CEO.

In her statement about resigning from her position, Stephanie said Vince is leading an exciting process regarding strategic alternatives.

It has been known for quite a few days now that Vince is looking to sell WWE and there’s a rumor going on that WWE has been sold to the Saudi Arabia Public Investment Fund.

Cassidy Haynes of Bodyslam reports:

“For what it’s worth, I’m told the Saudi deal is done and they’re taking the company private.”

In an update, Cassidy reported the following:

“The deal isn’t completely finalized because WWE must provide notice to shareholders & other parties.

There are legalities to go through, as the company is publicly traded. But, again, I’m told a deal has been agreed to in principle.”

We’ll keep you updated regarding this situation.

Also Read: Zack Ryder Reacts To Rumors Of WWE Being Sold To Saudi Arabia Public Investment Fund

MUST WATCH: Rosa Mendes’ Butt Accidentally Exposed By Layla:

• On This Day In Wrestling History (January 10, 1999) – ECW Guilty As Charged ’99

On this day in Pro Wrestling history on January 10, 1999, Paul Heyman’s Extreme Championship Wrestling aired ‘ECW Guilty As Charged 1999’ LIVE on PPV from the Millennium Theatre in Kissimmee, Florida.

This was one of the very few ECW events that featured Sid Vicious (WWF’s Sycho Sid / Sid Justice) and Nicole Bass.

Here are the results:

Three-Way: Hardcore Chair Swinging’ Freaks defeated The F.B.I. and Danny Doring & Amish Roadkill

Yoshihiro Tajiri defeated Super Crazy

Sid Vicious defeated John Kronus

The Dudley Boyz defeated New Jack and Spike Dudley

ECW World Television Championship: Rob Van Dam (c) defeated Lance Storm

Stairway To Hell: Justin Credible defeated Tommy Dreamer

ECW World Heavyweight Championship: Taz defeated Shane Douglas (c)

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