Saudi Arabia Not The Favorite To Buy WWE

There had been rumors online earlier this week Saudi Arabia’s Public Investment Fund had purchased WWE. That is not the case, but the fund is among the names interested in buying WWE. 

This all comes shortly after Vince McMahon’s return as Executive Chairman of the Board and him wanting to be part of selling the company. Since then, WWE has hired Raine Group to help lead WWE’s potential sale.

It was reported by Dave Meltzer in the Wrestling Observer Newsletter that Saudi Arabian investment isn’t even the favorite to make the purchase.

He wrote, “Those at WWE said that Saudi Arabia was in the running but not the favorite.”

Source: ewrestlingnews