Report: WWE Investors Don't Believe The Company Is Being Sold
Recent cuts have led to much speculation
Jun 7, 2021
Several investors in WWE do not believe the company is being lined up for a sale despite recent speculation the promotion is being prepared to be bought.
Vince McMahon's company have conducted several rounds of talent cuts in the weeks and months following WrestleMania 37, with the likes of Braun Strowman and Aleister Black let go last week, while the promotion has also made mass redundancies in backstage departments in a reported bid to streamline their internal resources.
The cost-cutting measures have fuelled rumours that higher ups in WWE, in particular president Nick Khan, are preparing the company for a sale, with former superstars such as CM Punk and old employees speculating on the possibility.
However, Brandon Thurston of Wrestlenomics says he has spoken to five WWE investors, and not one of them believe the promotion is being prepared for any sort of sale.
Writing on Twitter, he said: "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."
