Report: Tony and Shad Khan ‘in the pool of’ potential WWE buyers, likely looking for financial partner

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According to a new report, Tony Khan and his family are in the pool of potential buyers for WWE.

Barron’s, a sister publication to the Wall Street Journal, reported that Tony Khan and his father, Shad, are among the names ‘in the pool’ of potential suitors looking to buy WWE. Tony Khan had previously stated that he is closely following Vince McMahon’s return to WWE.

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According to the report, the Khan family is likely looking for a financial partner if they want to acquire WWE as an asset.

In addition to the Khan family owning the Jacksonville Jaguars and Fulham FC, Tony Khan purchased Ring of Honor in March 2022 and presided over the company as ROH held its most profitable pay-per-view events in its 20-year history.

The report also names Endeavor and Comcast as potential buyers, but notes that an offer from the Saudi Arabian Public Investment Fund is more likely given that WWE has a prior relationship with the Kingdom of Saudi Arabia.

Rumors circulated that WWE reached an agreement with the Saudi Arabian PIF on the night of Tuesday, January 10. As a result, WWE shares were up 3.4% on the morning of Wednesday, January 11, but with no confirmation of a deal emerging, shares closed 0.8% lower. WWE has not issued a public comment on any potential deal.

Any deal to buy WWE is reportedly likely to be in the multi-billion dollar range. Barron’s quoted Benchmark’s Mike Hickey, who wrote on January 6, “We believe that… market consideration related to the value of live content creates an optimal environment for an acquisition attempt… We believe now is the time to purchase WWE. Business momentum is strong and growth prospects future look promising.

Vince McMahon officially became executive chairman of the board on Tuesday, January 10. That same day, Stephanie McMahon stepped down from her position as Co-CEO of WWE.

WWE has reportedly already hired JPMorgan to advise them on a potential sale.

Vince McMahon’s return to power has already resulted in legal action against him by one of WWE’s shareholders. Fans can read more about that situation here.

We will continue to monitor this story and report any and all updates.

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