Many had thought that they had seen the last of former WWE chairman, Vince McMahon last year. After a flurry of hush money charges against him, he had to step away from all his roles with the promotion. But as his brainchild’s favorite phrase, Never say Never, he crawled back into the fold earlier this year. Not only that, but the former boss also managed to become the director of the board. His unexpected return has brought with it the news of the promotion’s potential sale. And now the latest update states that McMahon is demanding a whopping $9 Billion as a price.
It’s fair to say that most of the WWE fanbase is much happier with the product after the former boss left. Triple H has taken up the mantle of creativity, and his work at the helm has been appreciated by all quarters. However, the news of the company being in the market for a new owner has been doing the rounds for a long time. McMahon has recently come up with an astronomical figure of $9 Billion as the amount, as per Bloomberg.
Whether this gigantic figure attracts any takers in the market remains to be seen. There is no doubt that many people are interested in buying the company both within and outside the US. January saw the almost confirmed sale to the Saudi-backed PIF reported in the news. But the speculations were later denied by WWE.
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Fans react to the price quoted by Vince McMahon
Fans were quick to note the humongous amount that McMahon was eyeing for his creation. They took to social media in huge numbers to react to the news. While some questioned the insane valuation, some were of the opinion that the promotion need not be sold.
Read More: 4 Billion Dollar Companies to Whom Vince McMahon Might Sell $5.1B WWE in the Future
Here are some of the top comments.
What Vince is gonna do with all that money at the age of 80 year old
— HZNG (@HaniHZNG) February 17, 2023
I wish they would just sell it and be done with it already
— Roberto Makoto🤘🏾🔺📼👾 (@MakotoKorp) February 17, 2023
What if his plan is to make it so high that it's unlikely to find a buyer and he stays?
— Richard (@Droid_1989) February 17, 2023
I still dont get why he wants to sell instead of keeping it in the family
— JosieComWonkru (@HosieComWonkru) February 18, 2023
Come on Saudi give em what he wants .
— KobashiAJPW (@Samhain0083) February 17, 2023
9 billion plus he stays on as creative consultant
— Amhlilhaus (@amhlilhaus) February 17, 2023
The company is only worth about 5 billion. This is a gaslight, we know he's going to take it private instead, then fire H.
— The Wrestling Dungeon (@Wrestle_Dungeon) February 17, 2023
9 billion is abit over priced 4 billion is more reasonable.
— Tetley-TeaRex (@Tetley_TeaRex) February 17, 2023
The speculations of a possible sale for the wrestling juggernaut refuse to go away anytime soon. And, fans would be starting to wonder whether they may be staring at a change at the helm.
WWE may find a buyer closer to home
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There have also been rumors that WWE may be sold to a US-based conglomerate. This was fueled by CEO Nick Khan’s meeting with Disney’s top executives last month. Apart from Disney, The Endeavour group which owns the UFC is also interested in doing business.
Vince McMahon should certainly be given credit for the worldwide recognition that WWE gets now. But it was also evident from the last few years of his reign that he had lost the Midas touch. His return to the promotion has always been associated with the possible idea of a sale. The huge amount of $9 Billion that has been quoted by McMahon may be considered high by many. But he has not built a global business by being unambitious.
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Do you think McMahon’s valuation of the company is justified? Or do you think it is too much? Let us know in the comments below.
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