Rumors of WWE potentially being sold are nothing new. They come around at least once a year.
It would seem there’s at least a modicum of truth to the most recent reports claiming the company is set for a change of ownership. But the one spewing news of a possible sale to the controversial Public Investment Fund of Saudi Arabia is said to be false.
WWE has a very good relationship with the Middle Eastern nation and they’re contracted to host two shows there every year. However, MMA insider Ariel Helwani is reporting that there is no deal in place between WWE and the Kingdom’s Public Investment Fund, although the former is continuing to explore options.
Helwani also noted that the original tweet reporting a deal has since been deleted.
“Contrary to reports stating otherwise last night, there is no deal in place at this precise moment for WWE to be sold to Saudi Arabia’s Public Investment Fund or any entity, sources say. The organization is still exploring all options, I’m told. Developing,” he wrote via Twitter.
While this should come as a relief to WWE fans, some of them are of the view that WWE leaked the report on purpose so they could gauge the reaction on social media.WANT MORE FROM TOTALPROSPORTS? FOLLOW US ON GOOGLE NEWS.