Nick Khan Categorically Denies WWE Has Been Sold To Saudi Arabia PIF
Nick Khan denies any agreement to sell WWE to PIF is in place
Following Vince McMahon's election as Executive Chairman and Stephanie McMahon's resignation from all of her roles with the company, reports claimed in the early hours of January 11 that WWE had reached an agreement in principle to sell the organisation to the Saudi Arabia Public Investment Fund (PIF).
Those reports were ultimately premature, with it having since been noted that PIF are one of several interested parties in WWE alongside the likes of Comcast, Netflix, Disney, and All Elite Wrestling.
Nick Khan has now told the Bill Simmons Podcast that reports of a sale were "100% fake."
"Fake. 100% fake. 100% made-up, saying that there was an imminent transaction, or whatever it was. Totally false. It was absurd. It was nuts. And by the way, that person [who originally claimed there was a sale] subsequently took down that tweet. Because when I'm saying '100% false', it was 100% false," Khan stated.
McMahon ultimately made his return to WWE on January 5 to pursue a sale of the company, something which Nick Khan does not expect to be a lengthy process. McMahon has since amended the organisation's bylaws to ensure he no longer needs shareholder approval when making decisions. At the time of writing, McMahon is reportedly only making suggestions to creative and Triple H retains final approval.
Speaking about McMahon's return, Nick Khan admitted he expected the 77-year-old to come back to the company.
