grYmes
The price of a brick goin up…
I doubt they go back to the regular PPV model. WWE financially doesn’t need it anymore.
I doubt they go back to the regular PPV model. WWE financially doesn’t need it anymore.
PhenomTheMac
OG
Endeavor is taking on debt they might need it
grYmes
The price of a brick goin up…
They gonna have to cut back on the events and be careful of the price on PPVs that ain’t Wrestlemania if they do that. The TV deal coming will depend on what happens but I think going back to full on PPV would be at the bottom of the list.
I ain't paying for that shit so raise them all they want
UFC, WWE merge to create $21.4B organization
WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company.
The deal will officially close in the second half of 2022.
*Effectively, WWE and UFC will be run as separate entities owned by the same, new parent company.
*Endeavor will own 51%. WWE stockholders will have their current stock transferred into 49% of ownership of the new company.
*The new Board of Directors will have six members named by the Endeavor side, five by WWE.
*WWE HQ in Stamford will remain, as will UFC's own front offices.
*However, Endeavor will utilize their own staff for the "back office" for savings which likely means that there will be cuts and firing of employees determined to be redundent. So, if Endeavor's accountants can handle it, WWE won't need their own accounting office, for example.
*Vince McMahon will be Executive Chairman of the Board for the new company. Given that McMahon just locked in a new two-year contract with WWE, they would have to financially reward him if the decision was made to remove him before the end of that term.
*Ari Emanuel, owner of Endeavor will be Chief Executive Officer.
*Nick Khan would continue on as President of WWE.
*When the deal is finalized, Khan gets a $10 million bonus.
*When the deal is finalized, Paul Levesque gets a $5 million bonus.
*When the deal is finalized, WWE Chief Financial Officer Frank Riddick III gets a $5 million bonus.
*WWE will go away on the stock exchange. The new company will trade as TKO.
*There is an all hands on deck meeting for WWE staff at 4 PM EST.
*If the deal is not done by January 2024, the two sides have the right to cancel the agreement.
*Effectively, WWE and UFC will be run as separate entities owned by the same, new parent company.
*Endeavor will own 51%. WWE stockholders will have their current stock transferred into 49% of ownership of the new company.
*The new Board of Directors will have six members named by the Endeavor side, five by WWE.
*WWE HQ in Stamford will remain, as will UFC's own front offices.
*However, Endeavor will utilize their own staff for the "back office" for savings which likely means that there will be cuts and firing of employees determined to be redundent. So, if Endeavor's accountants can handle it, WWE won't need their own accounting office, for example.
*Vince McMahon will be Executive Chairman of the Board for the new company. Given that McMahon just locked in a new two-year contract with WWE, they would have to financially reward him if the decision was made to remove him before the end of that term.
*Ari Emanuel, owner of Endeavor will be Chief Executive Officer.
*Nick Khan would continue on as President of WWE.
*When the deal is finalized, Khan gets a $10 million bonus.
*When the deal is finalized, Paul Levesque gets a $5 million bonus.
*When the deal is finalized, WWE Chief Financial Officer Frank Riddick III gets a $5 million bonus.
*WWE will go away on the stock exchange. The new company will trade as TKO.
*There is an all hands on deck meeting for WWE staff at 4 PM EST.
*If the deal is not done by January 2024, the two sides have the right to cancel the agreement.
RodyRod
Active Member
End of an era.
Vince pulled a coup to finalize the sexual assault allegation, come back to the 'E as an employee, and still sell the company, and now reclaiming his position as Chairman of the Board. How is that even possible???
Uhhh
757'sFinest
OG
Here we go with the crying....either leave or get with the program
We are also told that a big part of the decision was also that Endeavor, while owning UFC, allows that company to pretty much run with autonomy. All signs are that it will operate WWE the same way. The WWE creative team, the production team, etc. will likely all remain in place and operate the way they have previously for the most part and WWE will have the opportunity to succeed on its own terms without major interference.
WWE will remain headquartered in Stamford (and might even finally get to move into their new HQ!) and those in the company were steadfast in their defense that the product that fans grew up on and watch today will not change - and that the WWE product fans enjoyed (or didn't, choose your own adventure) over Wrestlemania 39 weekend will still exist as it always has moving forward.
WWE will remain headquartered in Stamford (and might even finally get to move into their new HQ!) and those in the company were steadfast in their defense that the product that fans grew up on and watch today will not change - and that the WWE product fans enjoyed (or didn't, choose your own adventure) over Wrestlemania 39 weekend will still exist as it always has moving forward.