WWE: WWE being sold to Endeavor Group Holdings, forming media company $21B merger with UFC

[Emperoreddy]

The Saudis tried to throw 3 quarters of a billion dollars at the broken down remains of Tiger Woods to play on their shitty little golf circuit. Something tells me they don't care about the cost if they can speed things up.

For all we know Vince was talking to them behind closed doors when he was away and deal was already done to the point it's just signing off on it.

I think that's very possible and why I question whether everything is on the up and up here and fully legal.

 

[Blitzkrug]

I think that's very possible and why I question whether everything is on the up and up here and fully legal.

Another theory is JPMorgan was brought in by not Vince board members to pursue a sale.

Vince gets wind of this, realizes this might screw with whatever back room deal he had with the Saudis, and then proceeds to force himself back into power so he can get *his* deal. Would explain the speed.

 

[Emperoreddy]

Another theory is JPMorgan was brought in by not Vince board members to pursue a sale.

Vince gets wind of this, realizes this might screw with whatever back room deal he had with the Saudis, and then proceeds to force himself back into power so he can get *his* deal. Would explain the speed.

I really hope some proper journalists shine a flashlight on all of this

 

[Blitzkrug]

I really hope some proper journalists shine a flashlight on all of this

I definitely don't doubt something screwy went on with this. I mean, screwy may as well be Vince's middle name at this point with all the other shady/scummy shit he's done/gotten away with in his life.

My question is can anything be done to shoot this down even with the shadiness. Vince doesn't give a f*** given he actively tried to stay aboard when he was legitimate hurting the company with the bad PR from the scandal. He holds all the power and realistically nothing can really be done.

"Well the shareholders could sue" They could, until they're told to shut up, take this nice briefcase full of money and go away since its now private again.

 

[Emperoreddy]

I definitely don't doubt something screwy went on with this. I mean, screwy may as well be Vince's middle name at this point with all the other shady/scummy shit he's done/gotten away with in his life.

My question is can anything be done to shoot this down even with the shadiness. Vince doesn't give a f*** given he actively tried to stay aboard when he was legitimate hurting the company with the bad PR from the scandal. He holds all the power and realistically nothing can really be done.

I wonder if the SEC has any say in approving or overseeing this

 

[Blitzkrug]

I wonder if the SEC has any say in approving or overseeing this

SEC probably wouldn't give a shit sadly. They're more concerned with monopolies. And this deal, at least on the surface level doesn't actually monopolize wrestling in the short term.

And even with that mind, look at how companies like Disney were just allowed to keep buying shit.

Wait until we find out Jared Kushner, who is basically an arm of the Saudi financial machine somehow had a part in this.

 

[Emperoreddy]

SEC probably wouldn't give a shit sadly. They're more concerned with monopolies. And this deal, at least on the surface level doesn't actually monopolize wrestling in the short term.

And even with that mind, look at how companies like Disney were just allowed to keep buying shit.

Government has plenty of its own shady dealings with the Saudis too so doubtful they would step in if they could

 

[These Are The Days]

Walking away from WWE in 2017 has all but preserved my sanity. I knew he'd be back and something like this would happen

 

[TNT87]

f*** off Vince. It was such a breath of fresh air when he left. So much optimism and now it's completely destroyed.

 

[GKJ]

shareholders already knew, that’s why the stock went up when Vince came back.

 

[Scandale du Jour]

shareholders already knew, that’s why the stock went up when Vince came back.

It went up because they hinted at a sale in the press release.

 

[King 88]

Yay more saudi money to ruin sports

 

[AtlantaWhaler]

AEW is in perfect position now. Their timing was perfect. Now, they'll become the premier wrestling company, at least on this side of the pond. They've been around just long enough to get big stars and a TV contract.

 

[TheBeastCoast]

AEW is in perfect position now. Their timing was perfect. Now, they'll become the premier wrestling company, at least on this side of the pond. They've been around just long enough to get big stars and a TV contract.

Tony just needs to figure out a way to fix Rampage. They need 4 hours of TV a week and get it on a better slot and run it live every week.

 

[GKJ]

AEW is in perfect position now. Their timing was perfect. Now, they'll become the premier wrestling company, at least on this side of the pond. They've been around just long enough to get big stars and a TV contract.

Also gonna get bailed out of Warner/Discovery cuts.

 

[Unholy Diver]

AEW is in perfect position now. Their timing was perfect. Now, they'll become the premier wrestling company, at least on this side of the pond. They've been around just long enough to get big stars and a TV contract.

This will not cause AEW to overtake WWE, there will not be nearly as much outrage as people on here think there will be. Unless the Saudi's decide to flush their investment down the toilet and remove it from US tv the WWE will continue to be the top wrestling promotion, and with the infusion of so much more cash they might even increase their hold on the top spot

 

[Transplanted Caper]

Corporate Ministry, but it's a shoot.

 

[Satans Hockey]

Time will tell but seems they may have jumped the gun...

 

[Emperoreddy]

Might not have happened yet

 

[Satans Hockey]

 

[CDJ]

they for sure floated it to see what public backlash would be like

 

[Emperoreddy]

Honestly it makes way more sense that this didn't happen.

A deal that big coming together that quickly, especially like a week after they hired JP Morgan and Chase to oversee this just didn't make sense.

Plus something this big being broke by wrestling twitter and not real journalists didn't make much sense either. This isn't a wrestling storyline

 

[Satans Hockey]

Honestly it makes way more sense that this didn't happen.

A deal that big coming together that quickly, especially like a week after they hired JP Morgan and Chase to oversee this just didn't make sense.

Plus something this big being broke by wrestling twitter and not real journalists didn't make much sense either. This isn't a wrestling storyline

I won't be surprised either way but would be nice if this all ends up being untrue.

 

[GKJ]

they for sure floated it to see what public backlash would be like

SRS is being both sides guy, and he’s WWE’s leaker, so definitely a possibility maybe even probability.

 

[Unholy Diver]

Honestly it makes way more sense that this didn't happen.

A deal that big coming together that quickly, especially like a week after they hired JP Morgan and Chase to oversee this just didn't make sense.

Plus something this big being broke by wrestling twitter and not real journalists didn't make much sense either. This isn't a wrestling storyline

Melltzer saying Vince started talking with the Saudi's right after he "retired"

Vince McMahon Immediately Started Working On WWE's Saudi Arabia Deal After His 'Retirement'

Vince McMahon made headlines for all the wrong reasons last year after he was involved in a hush-money scandal, which forced him to retire as WWE

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