WWE is currently considering a sale, and companies such as Endeavor, Comcast, Amazon, Disney and Netflix have all emerged as potential bidders. Reports surfaced earlier this week that Saudi Arabia’s Public Investment Fund had already agreed to a deal in principle and have since been refuted, but the country is reportedly still in the running. And now, according to The Wall Street Journal’s sister publication from Baroncan you now count the Khan family as a potential buyer.
The publication reports that the owners of All Elite Wrestling are “in the pool of potential buyers” according to one source. That source also noted that Tony Khan and his father, Shahid Khan, are “probably looking for a financial partner to acquire the asset”. Forbes currently lists Shahid’s net worth at $11.6 billion and he already owns the Jacksonville Jaguars NFL franchise and the Fulham football club. Tony and Shahid are the co-owners of AEW, although Tony runs the company as president, CEO, general manager, and executive producer.
Khan was asked about Vince McMahon’s return to the company and its potential sale earlier this week and declined to comment beyond saying he is monitoring the situation “very closely”.
Dave Meltzer of the Wrestling Observer confirmed Thursday that WWE CEO Nick Khan met with Disney CEO Bob Iger and Jimmy Pataro at the College Football Playoff National Championship earlier this week.
“They’re not sold. Saudi Arabia is on the hunt. They’re one of the companies looking for them. The names out there are all on the hunt. Nick Khan was in Los Angeles when I was in Los Angeles. [He] went to the football game Monday night so he wasn’t on Raw and met heavy hitters because they were going to the College Football Championship game. Bob Iger, Jimmy Pitaro, so I think those names ring a bell,” Meltzer said.
Regarding the timeframe for a possible sale, Meltzer noted, “They want to sell mid-year, JPMorgan is helping them. Saudi Arabia is the only one of the key ones as far as they want to go private. The rest are public companies… A decision will be made at some point. There is certainly smoke in the Saudi Arabia story, but it is too early to finalize a deal.”
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