Internal update on the sale of WWE; company has reportedly taken calls
WWE President Nick Khan recently spoke publicly about the promotion and was able to reveal that the company isn't currently looking to sell.
Nick Khan noted as part of a recent interview with Sports Business Journal’s John Ourand that while the company had entertained calls regarding a potential sale, they are not actively looking for buyers.
Ourand wrote:
"Khan said the company has taken some inbound calls from companies looking to buy. But he stressed that WWE is not in active conversations trying to sell the company and is not actively looking to sell."
.@WWE's executive leadership team including @VinceMcMahon, @StephMcMahon and Nick Khan were included in @sbjsbd's 2021 Most Influential People in Sports Business under the Most Influential: Media Influencers category.
sportsbusinessjournal.com/Journal/Issues… https://t.co/8xk6w4MIRz
World Wrestling Entertainment has made major changes to its on-screen and internal roster over the last couple of years. For this reason, many fans believe that the company has been preparing the company for a potential sale.
WWE has continued to enjoy remarkable profits recently
Nick Khan was hired by WWE a year and a half ago and has since been at the forefront of many of the biggest adjustments in the company.
Superstars have been regularly released throughout 2020 and 2021 and major backstage changes have been made to the main hierarchy of the company. Meanwhile, the promotion has also signed lucrative deals with American streaming services such as Peacock.
“In terms of an NXT re-brand, look for it in the next couple of weeks. It’s gonna have a whole new look.”
- WWE President, Nick Khan https://t.co/q4cNlRVrRw
Khan noted as part of his interview that he has been looking to bring like-minded people into top positions in the company in order to push it forward.
“For the company to be treated the way that Vince, Stephanie, Kevin Dunn and myself and others believed it should be treated in the community, you needed executives who reflected that who had range, who could get people on the phone and who could be taken seriously by their peers."
It's unclear if the company will be up for sale in the future, but it does appear that Vince McMahon could possibly be testing the waters at present.
What do you make of Nick Khan's comments? Do you think Vince McMahon will sell the company in the future? Sound off below!