• Loading stock data...
Sunday, July 6, 2025

WWE Hires Outside Advisors for Potential Sale, Rights Talks

  • Sports entertainment giant hires three firms to help explore ‘strategic alternatives.’
  • Saudi Arabia’s Public Investment Fund Emerging as Potential Bidder.
Joe Camporeale-USA TODAY Sports

The WWE is taking the next steps toward a multi-billion dollar sale. 

The pro wrestling giant announced Thursday night it had retained The Raine Group LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor.

The outside firms will help support WWE management and its reshuffled board of directors as they review “strategic alternatives” to maximize shareholder value, according to founder and executive chairman Vince McMahon.

Besides considering a sale, WWE is also entering high-stakes TV negotiations for its next cycle of media rights. 

“WWE’s upcoming media rights cycle will take place amid a rapidly evolving media and entertainment landscape, and we believe exploring our strategic alternatives at this critical juncture will enable WWE to fully capitalize on the significant value of our intellectual property,” McMahon said in a statement. 

“I am highly confident that our outstanding directors, outside advisors and executive team will provide valuable expertise and counsel to help guide the company through this important process while our management team and employee base continue to deliver results and content our fans love.”

exclusive

Saudi Public Investment Fund Could Bid On WWE

Could Saudis add dominant wrestling outfit to its portfolio.
January 6, 2023

The 77-year-old McMahon recently surprised Wall Street by returning to his family business after stepping away last summer due to a sex scandal. On Tuesday, Stephanie McMcMahon — who took over as chairwoman and co-CEO after her father’s departure in July — announced she would step down from those roles. 

Nick Khan has taken over as WWE’s sole CEO, with McMahon as executive chairman. Khan, a former super-agent at CAA, will lead the promotion’s media negotiations.

“I’m grateful to Vince McMahon and our Board of Directors for their ongoing support,” Khan said in a statement on Tuesday. “I look forward to continuing to work closely with them and my WWE colleagues to ensure our company may thrive as the premiere powerhouse in sports entertainment for years to come.”

dana-white-ari-emanuel

Can Endeavor Handle Dana White and Vince McMahon?

Vince McMahon has renewed speculation he may sell WWE. Maybe even to…
January 7, 2023

Front Office Sports previously reported Saudi Arabia’s Public Investment Fund has emerged as a potential bidder if the sports entertainment giant puts itself on the auction block. With $620 billion in assets, the sovereign fund already bankrolls the breakaway LIV Golf tour.

Other suitors could include: 

  • Comcast’s NBCUniversal Media and Fox Corp. already boast media rights deals for “Monday Night Raw” and “Friday Night Smackdown” respectively.
  • Amazon: The company entered the U.S. sports business in a big way with a $1 billion-a-year deal to exclusively stream the NFL’s “Thursday Night Football” through 2033. 
  • The Walt Disney Co: The Mouse struck a deal to bring Disney+ Hotstar streaming service to Indonesia.
  • Endeavor: Had purchased a controlling stake in the UFC for $4 billion in 2016.
  • Liberty Media: Acquired Formula One for $4.4 billion in 2016.
  • Global talent agency CAA. 

WWE currently has a market capitalization of $6.65 billion. The company’s stock closed at $89.34 on Thursday.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Manchester City

Manchester City Pockets $50 Million for Early Club World Cup Elimination

Saudi side Al-Hilal will bank at least $35 million in its quarterfinal run.
Apr 3, 2022; Arlington, TX, USA; WWE owner Vince McMahon enters the arena during WrestleMania at AT&T Stadium.

Vince McMahon Has Dumped Close to $2 Billion of TKO Stock in..

The embattled WWE founder is fighting sexual assault allegations in court.
exclusive

Jackie Redmond on Absurd Travel Between NHL Playoffs, WWE

Redmond covered four events in six nights across the continent.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.