Nick Khan Discuss WWE’s Relationship With Saudi Arabia After Sale To Venture

WWE has actually been offered to Endeavor Group which will now combine UFC and WWE to form a brand-new openly traded business valued at $21 billion.

Consulting with Axios, WWE CEO Nick Khan specified that the wrestling business will continue its relationship with Saudi Arabia following the sale.

In the past, Endeavor has actually avoided working with The Kingdom of Saudi Arabia, even returning a $400 million financial investment after acquiring UFC in 2016.

You can have a look at some highlights from the interview listed below:

On media rights settlements with NBCUniversal and FOX: “The most essential thing is that NBC and Fox, from a WWE perspective, feel appreciated while doing so. We’re going to get in those discussions with them. [The right of very first rejection] simply begins now. We’re visiting what that appears like and ideally it’s robust, and we do not leave the ‘right of very first window’ and we strike a handle each of them. If we’re unable to do that, we’ll see what the market needs to state and eventually select the best partner for the WWE audience in our investors.”

On possible layoffs or personnel modifications: “We’re uncertain. A combination group is going to be taken into location in between both business in brief order, and we’ll understand– we’ll have a lot more in the next week or 2.”

On continuing to deal with Saudi Arabia:” [O] ur relationship with The Kingdom is a great collaboration for which we’re pleased of, and you understand, absolutely nothing in regards to anybody else’s previous experience will impact that. We believe that we’ve provided the item in the manner in which the Kingdom desired it provided. We have a numerous year contract with them in location. We’re delighted to do a program– we’ll be back there May 27 for a huge premium live occasion.”

On what the brand-new business with UFC and WWE will be called: “We do not have to have it. We’re completing it and anticipate that get completed in the next couple of days. We’ll reveal it after that.”

The post Nick Khan Comments On WWE’s Relationship With Saudi Arabia After Sale To Endeavor appeared initially on eWrestlingNews.com.