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Truth Behind Vince McMahon Selling WWE to Saudi Arabia Revealed

By: Rahul V Krishnan Image credit: WWE and Twitter

According to a new report, the news of Vince McMahon agreeing to sell the WWE to Saudi Arabia's Public Investment Fund is false.

TMZ Sports are reporting that a deal hasn't been agreed upon between the two parties despite the rumors spreading on social media.

Vince McMahon recently returned to the WWE in order to find suitors to sell his billion-dollar worth company and negotiate a brand-new TV deal.

There were widespread rumors on Tuesday night that Vince McMahon has reached an agreement to sell his company to Saudi Arabia's PIF.

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Famous MMA and pro wrestling journalist Ariel Helwani also confirmed on Twitter that the news regarding the WWE and Saudi deal has not been confirmed.

"Contrary to reports stating otherwise last night, there is no deal in place at this precise moment for WWE to be sold to Saudi Arabia’s Public Investment Fund or any entity, sources say" He tweeted.

Helwani also confirmed that the company is still exploring all the options for the process, and the situation is currently at a developing stage.

It will be interesting to see what the future will hold for the company moving forward. Fans and talents are eagerly waiting to see what will be the outcome of the sale.

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