WWE Fired Employees To Prepare Themselves For Potential Sale

Vince McMahon’s go back to WWE’s Board of Directors last month triggered numerous investors to take legal action against the Executive Chairman for his effort at a hostile takeover in the middle of Stephanie McMahon’s stunning resignation as the co-CEO of the business.

The Wrestling Observer Newsletter reports that WWE is reducing workers to decrease total costs and prepare the business for an ultimate sale. Dave Meltzer composed,

“There have actually been a lot more cuts on the business side in the previous couple of weeks in various departments given that the return of Vince McMahon. The belief is that these cuts are being made to reduce the expenses to get the business prepared for a sale. Matthew Drew, who was the Senior Vice President of International, was the greatest name release. He originated from DAZN in June 2021 which suggests he was a Nick Khan employ, given that Khan worked with a variety of individuals from DAZN in 2021. His task consisted of handling international media partners, designing worldwide technique for abroad live occasions, digital, customer items and brand-new earnings chances.”

A couple of weeks earlier, Matthew Drew, Senior Vice President of International, left WWE.

While Vince McMahon wishes to perform a prospective sale of his billion-dollar business by the end of 2023, Nick Khan suggests that WWE might be offered within the next 3 months.

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