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Daily Mirror

Sport

Benjamin Goddard

WWE to return private after being 'sold to Saudi Arabia's Public Investment Fund'

WWE Vince McMahon Stephanie McMahon Nick Khan Vincent J McMahon Saudi Arabia Public Investment Fund

Wrestling giant WWE has reportedly been 'sold' to Saudi Arabia's Public Investment Fund with the news coming as Stephanie McMahon resigns as chief executive.

Her father Vince McMahon is the biggest shareholder in the company after purchasing the shares from his father Vincent J. McMahon 40 years ago.

Vince retired last year but has now returned to the board as a position of executive chair and is leading a process of 'strategic alternatives'. It is now been reported by DAZN reporter Steven Muehlhausen that the company has been sold to Saudi Arabia's Public Investment Fund and will move into being a private company.

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