There have been some heavy rumors on WWE potentially being up for sale after their recent activities around talents and corporate structure. WWE has made three separate rounds of talent cuts over the past few months alongside firing dozens of office workers as part of a major restructuring which was noted due to COVID-19 related budget cuts.
As reported earlier, those budget cuts have fueled speculation of WWE potentially selling the company. While former wrestlers such as CM Punk and The Blue Meanie indicated the same via social media some of the wrestling media sources also hinted the same. After all, they have let go 60 employees in the span of the last three months. The rumor has that WWE President Nick Khan is making the seedbed for a sale in the due course.
WWE won’t be up for sale, per a reliable source
However, in an update, it was assured that the company will remain intact under the control of Vince McMahon and Co., after all. Brandon Thurston of Wrestlenomics says he has spoken to several investors regarding the WWE sale rumors and not even one of them believe that a handover is going to happen in the future,
“I talked with 5 people in the WWE investor community in the last 24 hours about the notion that the company’s recent actions indicate they’re preparing for a sale. Not one of them thought so. Even the stock price is no-selling wrestling Twitter.”
Rather a note was made on social media on how the company possessed more than 300 wrestlers on their roster which was way more than their need. That extra cost was felt after the company stopped touring during the pandemic and sooner or later those cuts seemed evident as they went with the cost-cutting policy. Thurston wrote a lengthy Twitter piece, last week explaining why a WWE sale is unlikely.
WWE has made a number of budget cuts, with one round taking place in mid-April as they did in April 2020 which shocked the world as another round was waiting in mid-May, via six releases – Braun Strowman, Lana, Aleister Black, Ruby Riott, Buddy Murphy, and Santana Garrett. Since most of them were regular TV performers, the move really started the speculation of a sale but that’s not on the card.
