Vince McMahon Hands Over WWE Reins to Saudi Arabia

WWE Acquired by Saudi Arabia's Public Investment Fund.

In a significant development, the (WWE) has been acquired by Saudi Arabia's prestigious Public Investment Fund, as reported by Steven Muehlhausen of DAZN late Tuesday night.

However, the WWE has not yet made an official confirmation or denial regarding the reports of the sale.

The revelation of the sale comes shortly after Stephanie McMahon, Vince's daughter and the CEO of the company, announced her departure.

IMG Credits:WWE

However, Vince McMahon returned as the Executive Head of the WWE Board of Directors.

IMG Credits:WWE

A surprise announcement came on the same day that McMahon's daughter, Stephanie, announced her resignation as the Co-CEO of the company.

Stephanie McMahon and Nick Khan have been doing a great job leading the company in Vince's absence.

While Paul Levesque has expertly taken charge of the creative direction.

However, Triple H may relinquish his position as Chief Content Officer if things remain dire.

Saudi Arabia's Public Investment Fund, which possesses a sizable $620 billion of assets, has been making bold moves into sports-related investments to extend its influence further worldwide.

It's worth noting that the deal will be official once the WWE notifies its shareholders and other involved entities, given that it is a publicly-traded business.

This acquisition is a significant move in the world of wrestling entertainment, and fans eagerly await further details on how it will shape the future of WWE.