Saudi Arabia Now Owns WWE After A Major PIF Investment

Saudi Arabia is known to make big things happen, and this is new deal is  definitely a stunner. The Kingdom has quite the history with WWE, especially the Crown Jewel which has been held in the Kingdom several times in the past. The wrestling company actually holds a 10 year contract, since 2018, to hold 2 premium events in the Kingdom.

Saudi Arabia now officially owns WWE after a $6.5 billion bid

Sources: #WWE has been sold to
Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people.

— Steven Muehlhausen (@SMuehlhausenJr) January 11, 2023

This is one of the biggest moves the Kingdom has made in global sports and entertainment. After the iconic Ronaldo presentation for Al Nassr, the Kingdom is really on a roll!

This picture of Turki Al Sheikh alongside Triple H and Vince McMahon has been going viral