• Update On WWE’s Sale
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%.
According to Xero News, the WWE sale is expected to take place after WrestleMania 39.
When WWE announced that the King & Queen Of The Ring premium live event will take place in Saudi Arabia on May 27th, Brandon Thurston reported:
“If WWE isn’t sold or taken private by this date, then I doubt a transaction happens, given timing around RAW and SmackDown TV deals that need to be made.
Q1 earnings call earlier in May could be another moment for clarity.”
WATCH: Eva Marie & Maryse Having Fun In Revealing Outfits:
• ON THIS DAY IN WWF HISTORY (March 9, 1998) – WWF RAW IS WAR
On this day in 1998, the World Wrestling Federation aired another LIVE episode of their weekly TV show ‘WWF RAW IS WAR’.
It was broadcasted from the Wheeling Civic Center in Wheeling, West Virginia and featured matches, interviews & storyline segments on the road to the ‘WWF WrestleMania XIV’ PPV.
Here’s the card:
Ken Shamrock & Steve Blackman vs. The Nation Of Domination
WWF European Title: Barry Windham vs. Owen Hart
Aguila vs. Brian Christopher
Cactus Jack & Chainsaw Charlie vs. The Quebecers
NWA World Tag Titles: The Headbangers vs. The Rock ‘n’ Roll Express
Marc Mero vs. TAFKA Goldust
Savio Vega vs. Triple H