• WWE News
  • AEW News
  • UFC News
  • Live Events
  • Contact
  • About
Facebook Instagram YouTube Twitter
Facebook Instagram YouTube Twitter
The Spotlight
Google News
Follow
  • HOME
  • WWE News
  • AEW News
  • UFC News
  • Live Events
  • About
The Spotlight
Home»WWE News»UFC Parent Company Comments On Potentially Buying WWE
WWE News

UFC Parent Company Comments On Potentially Buying WWE

By The SpotlightMarch 1, 20232 Mins Read
Facebook Twitter Pinterest WhatsApp Telegram Email Reddit Tumblr LinkedIn VKontakte
Photo Credit: UFC/WWE

In January, Vince McMahon shocked everyone by returning to the WWE board. McMahon made several changes to the board. He removed three directors and added George Barrios, and Michelle Wilson. McMahon was then elected as Executive Chairman of the company.

Last December, Vince McMahon informed the board that he is looking to sell the company. A few weeks ago, Bloomberg reported that McMahon’s asking price is $9 billion. They also noted that the investors from the Middle East and Endeavor Group Holdings Inc (UFC’s parent company) could be in line to buy the company.

Yesterday, UFC’s parent company Endeavor Group Holdings Inc held its fourth quarter of 2022 earning call. During it, the CEO of Endeavor Ari Emmanuel stated that they aren’t interested in purchasing World Wrestling Entertainment.

“As it relates to WWE, it’s an unbelievable product. Vince is an unbelievable…he’s created a great business. We’ve had a long standing relationship with them over two decades. We’re doing, as I indicated, the On Location business with them, The Endeavor Streaming with them. You know, his business is really valuable, but we’re not going to do anything as it relates to changing our leverage position right now.”

H/T PWInsider

Emmanuel also noted that they are trying to de-leverage their debt. Therefore, he said that Endeavor Group doesn’t want to increase its debt by purchasing WWE for $9 billion.

Stay tuned with The Spotlight for more news.

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email Reddit
Previous ArticleAEW Star Reportedly Leaving The Company
Next Article Reason For Naomi Hasn’t Wrestled After Leaving WWE

MORE FROM THE SPOTLIGHT

Bobby Lashley Comments On His WrestleMania Match Against Bray Wyatt

March 30, 2023

WWE Confirms Pat McAfee’s Status For WrestleMania 39

March 29, 2023

WWE Reportedly Sidelined Carmella From Television

March 29, 2023

WWE Star’s Contract Expires After WrestleMania 39

March 29, 2023

Leave A Reply Cancel Reply

TRENDING

SPOILER: Former WWE Star Set To Return During Edge vs. Finn Balor Match At WrestleMania 39

The SpotlightMarch 26, 2023

Former AEW World Champion Wants To Return

The SpotlightMarch 23, 2023

Becky Lynch Talks About Her Retirement From WWE

The SpotlightMarch 26, 2023

CM Punk Comments After Rey Mysterio Punched Dominik On SmackDown

The SpotlightMarch 25, 2023

SPOILER: Seven WWE Legends Scheduled For WrestleMania 39

The SpotlightMarch 25, 2023

Alexa Bliss Reveals Her WrestleMania 39 Status

The SpotlightMarch 25, 2023

WWE Plan For Roman Reigns After WrestleMania 39

The SpotlightMarch 22, 2023

NEWSLETTER

Subscibe to get the latest professional wrestling news from The Spotlight.

Facebook Instagram YouTube Twitter
  • Home
  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
© 2023 The Spotlight All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.