Anyone else herring the rumer of Vince possible selling WWE?
Anyone else herring the rumer of Vince possible selling WWE?
Florida man will allow fans to attend sporting events at 25% arena capacity beginning May 4th
https://twitter.com/SignatureSpot/st...094844416?s=20
This goddamn state man.
I'd be surprised if it happened. I think Vince will probably hold onto the WWE for the rest of his life at the very least. Afterwards, it's anyone's guess who will own the WWE, and whether or not things will change for the better with, say, Triple H or someone else in charge.
Even though WWE stock is down from a couple of years ago, they are operating really solidly and had better earnings than expected. They aren't losing money so a sale doesn't make too much sense--they won't get what their worth in this market and it's unlikely they can find someone who wants to over pay.
That said, when you consider the WWE Network, WWE Studios, the top notch productions staff etc. There's a lot of different pieces to the company that companies would be interested in.
If the pandemic doesn't end soon and let's be real it's not WWE is a sinking ship so it makes sense to sell now.
Ratings have gone down. Live event sales before the pandemic were down. The last video game tanked.
With all that said, I believe stocks are up.
They have about 2 billion in TV contracts plus the Saudi.
So yeah, I have no idea where people get the idea of a sinking ship. If they are a sinking ship then every other promotion is Atlantis.