WWE would have hired JPMorgan to seek advice regarding a possible sale.
The return of Vince McMahon to WWE has been one of the most unexpected news in these first days of 2023. In principle, his only intention is to get directly involved in a future sale of the company and in the negotiation of expiring television rights in less than two years. To facilitate the sale of the company, an exciting contract would have been made.
As reported by Alex Sherman for CNBC, WWE has hired financial giant JPMorgan to advise the company on a possible sale in the future. The report indicates that if an agreement is finally reached for WWE to be sold, this will take place within approximately three to six months since it would be the date on which negotiations for the sale of WWE would begin. Television rights to RAW, SmackDown, and NXT.
The current agreements end at the end of 2024. This information from CNBC agrees with what was said in the WWE meeting with all its employees since the intention would be to have several purchase offers of the company on the table before starting any negotiation on television rights. 2023 and 2024 will be two critical years in the future of WWE for all of the above.
