Report: Vince McMahon's Future Involvement A 'Sticking Point' In Early WWE Sale Talks
Vince McMahon reportedly causing issues in WWE sale talks
WWE have hit an early stumbling block in talks over a sale of the company.
According to CNBC, Vince McMahon's possible future involvement in WWE "has become an early sticking point in preliminary talks with various buyers." McMahon returned to WWE in early January, being elected as Executive Chairman after using his position as majority shareholder to force his way back onto the Board of Directors with Michelle Wilson and George Barrios. McMahon's return led to two directors resigning, three being removed from the board, and the departure of Stephanie McMahon.
Vince McMahon has been pursuing a sale of WWE since his return and WWE CEO Nick Khan believes the organisation can be sold within three months. Khan emphasised in a CNBC interview that WWE would appeal to a large media company with a streaming platform.
Furthermore, Khan stated that Vince McMahon is open to a WWE sale, even if it requires him to step away from the company he bought from his father in 1982.
"Vince has declared to the board he's 100% open to transactions where he's not included in the company moving forward," Khan said.
Interested parties in WWE reportedly include Comcast, Endeavor, Disney, Netflix, Tony Khan and Shadid Khan, and the Saudi Arabia Public Investment Fund.