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Post by Mighty Attack Tribble on Jan 11, 2023 5:24:06 GMT -5
Like, it'll be a dodgy deal no doubt, but unless there's something iron clad in it, the lawsuits etc. would be the perfect chance to just chuck Vince overboard at the first opportunity. I won't shed any tears should that happen, but knowing Vince stands to earn literal billions from the sale it would be a hollow victory.
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Post by Famous Rocking Chimes on Jan 11, 2023 5:29:19 GMT -5
Man I go to bed seeing that Stephanie had resigned and woke up to the damn place being on fire.
I’ve tolerated a lot of WWE’s nonsense and Vince’s horrendous writing the last few years purely out of respect and admiration for the talent of the wrestlers themselves, but the Saudis buying WWE would be a legit “I’m done” moment.
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Post by CeilingFan on Jan 11, 2023 5:45:33 GMT -5
AEW gets all my money now!
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Totorob101
Hank Scorpio
Glob Glob Glob
Posts: 5,812
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Post by Totorob101 on Jan 11, 2023 5:51:43 GMT -5
I wonder if a lot of talent might be thinking of just resigning instead of giving Vince the satisfaction of firing them again,i know id get out of this company asap and hand in my resgination right away. All of the talent Triple H has brought back are toast and the likes of Dragon Lee wont see the light of day on the main roster. Has to be the end of Sami too, no way he stays. Dark days ahead sadly.
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PKO
King Koopa
Posts: 12,639
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Post by PKO on Jan 11, 2023 5:59:38 GMT -5
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Bo Rida
Fry's dog Seymour
Pulled one over on everyone. Got away with it, this time.
Posts: 24,173
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Post by Bo Rida on Jan 11, 2023 6:18:19 GMT -5
Although it's been mentioned I think a lot of people miss some of the key changes with Saudi ownership. Sports washing is the main goal not profit and they have massive resources to achieve that goal. We are talking billions. While a few like Sami may take a moral stand we're potentially talking amounts of money that are tough for anyone to turn down. Mid-carders getting more than Hogan and Austin in their prime. Mickelson has an approx 200 million guaranteed contract (with more on top), the top wrestlers may get something similar. Any legends they want will be made crazy offers. HHH's expansion plan is now a realistic scenario too. Using the WWE brand and their resources to set-up in every corner of the world, again with money no other company can compete with. Potentially is a key word here but look at what they spend on Golf and Newcastle, it's not an unrealistic scenario. Women and LGBTQ wrestlers will mostly be fine if they stay quiet, that's part of it, showing how progressive they are while back home they lock up women for 34 years just for retweets. www.theguardian.com/world/2022/aug/16/saudi-woman-given-34-year-prison-sentence-for-using-twitter
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Post by tekkenguy on Jan 11, 2023 6:23:43 GMT -5
If I were minority shareholders I would argue that a sale to the Saudis is not in the best interest of the company.
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Futureraven: Beelzebruv
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Post by Futureraven: Beelzebruv on Jan 11, 2023 6:24:11 GMT -5
Like, it'll be a dodgy deal no doubt, but unless there's something iron clad in it, the lawsuits etc. would be the perfect chance to just chuck Vince overboard at the first opportunity. I won't shed any tears should that happen, but knowing Vince stands to earn literal billions from the sale it would be a hollow victory. A hollow one, but seeing the emptiness in his soul that partly lead his coming back and setting off this whole scheme, him pushing his family away even more I'll take in.
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Post by Final Countdown Jones on Jan 11, 2023 6:32:23 GMT -5
If I were minority shareholders I would argue that a sale to the Saudis is not in the best interest of the company. It might not be, but at that point it doesn't matter because if the Saudis do take it private--and they most assuredly will in this situation--nobody will have any reason to care. The minority shareholders with resources to push back against this are super unlikely to because the Saudis will likely pay big for each share and let everyone cash out at the height, for likely way more than what they're going to get given the speculative surge in stock price given all this sale hope. The owners of WWE shares with any real power are mutual funds and investment companies who see a huge buyout at peak value as a dream come true, because they will rake in ungodly amounts of money off the sale and get way more for their trouble than WWE was ever going to return for them over a long term holding. It's all the security of cashing out big with none of the drawbacks. It's like how in no way was it in twitter's best interest to give Elon Musk the keys, but he overpaid so hard for the company that they couldn't say no to it. A Saudi buyout represents a total break from anyone with holdings in the company needing to care about its interests or long-term health ever again. The only thing that matters in the investment world is money. Vince is only a concern where his presence hurts business in some way. The Saudi Deal was only a concern insofar as the secret clauses represented possible liabilities they wanted to know about, or gains to the value of the company that may have made cashing out a preferrable outcome. They don't give a shit who owns the wrestling at the end of the day if their stake is entirely financial and gets bought out in full.
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Post by tekkenguy on Jan 11, 2023 6:36:51 GMT -5
If I were minority shareholders I would argue that a sale to the Saudis is not in the best interest of the company. It might not be, but at that point it doesn't matter because if the Saudis do take it private--and they most assuredly will in this situation--nobody will have any reason to care. The minority shareholders with resources to push back against this are super unlikely to because the Saudis will likely pay big for each share and let everyone cash out at the height, for likely way more than what they're going to get given the speculative surge in stock price given all this sale hope. The owners of WWE shares with any real power are mutual funds and investment companies who see a huge buyout at peak value as a dream come true, because they will rake in ungodly amounts of money off the sale and get way more for their trouble than WWE was ever going to return for them over a long term holding. It's all the security of cashing out big with none of the drawbacks. It's like how in no way was it in twitter's best interest to give Elon Musk the keys, but he overpaid so hard for the company that they couldn't say no to it. A Saudi buyout represents a total break from anyone with holdings in the company needing to care about its interests or long-term health ever again. The only thing that matters in the investment world is money. Vince is only a concern where his presence hurts business in some way. The Saudi Deal was only a concern insofar as the secret clauses represented possible liabilities they wanted to know about, or gains to the value of the company that may have made cashing out a preferrable outcome. They don't give a shit who owns the wrestling at the end of the day if their stake is entirely financial and gets bought out in full. Is it time for NOAH 2.0.
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Post by The Dark Order Inferno on Jan 11, 2023 6:39:06 GMT -5
Well, I said it'd be sold to VC, I didn't expect the Saudis though. From a product standpoint, this is the best outcome for the company as for sportswashing to work they need to maintain a level of quality. From a moral standpoint though, ugh, just ugh. It was hard to fond people more reprehensible than Vince, but somehow they found them. When Vince held people hostage, it was through legal shenanigans, this lot have already literally held the roster hostage.
I don't hate anyone on the roster who sticks around, people need to get paid after all. It's easy to demand walkouts when it's not your future on the line.
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Post by tekkenguy on Jan 11, 2023 6:43:33 GMT -5
Is there anything that could potentially sink the deal?
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Post by Cvslfc123 on Jan 11, 2023 6:44:35 GMT -5
I feel sick seeing this happen to something I've loved for almost 23 years.
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Xxcjb01xX [PIECE OF: SH-]
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Post by Xxcjb01xX [PIECE OF: SH-] on Jan 11, 2023 6:45:42 GMT -5
Is there anything that could potentially sink the deal? Vince being visited and warned by the ghost of his Father, and then the ghosts of Past, Present, and Future scaring him shitless.
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Dub H
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Post by Dub H on Jan 11, 2023 6:49:46 GMT -5
Like, it'll be a dodgy deal no doubt, but unless there's something iron clad in it, the lawsuits etc. would be the perfect chance to just chuck Vince overboard at the first opportunity. I won't shed any tears should that happen, but knowing Vince stands to earn literal billions from the sale it would be a hollow victory. In just wondering what would he do in that situation ,he can't even use the brand for his previous football league.
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Post by Finish Uncle Muffin’s Story on Jan 11, 2023 6:57:42 GMT -5
I didn’t sleep much. Here I am again. I’d be surprised if we actually got confirmation today, but who knows.
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Post by mistery on Jan 11, 2023 7:05:03 GMT -5
I should mention that if WWE stock trading isn't halted today, the deal is likely not complete or not legit either. Whenever a deal to buy out a publicly traded company has happened, stock trading is suspended/halted until the deal is complete. We will know within a few hours.
You also have to figure that if a sale really was happening, an actual major outlet would have picked up the story by now. Not WRESTLESHEETZ DOT COM. No number of gag orders can stop a major outlet from picking the story up if its leaked to them (and all of them have ways of securely leaking stories to them).
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Post by celtics543 on Jan 11, 2023 7:10:51 GMT -5
So the same guy who came out and did a live show two days after 9/11 and bragged about the resilience of the American people took his classic American company, which has been family owned for 3 generations and sold it to the Saudi government is unreal. All this time I've defended Vince's humanism (not that he isn't a scumbag for the sex payments and potential rape stuff) but I always thought he respected his dad and grandfather so much that he would keep the company in the family.
Ironically from a company perspective he's Hulk Hogan selling the world title to the Sheik, what a heel turn...
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"Magic" Mark Hurr
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Post by "Magic" Mark Hurr on Jan 11, 2023 7:12:01 GMT -5
Although it's been mentioned I think a lot of people miss some of the key changes with Saudi ownership. Sports washing is the main goal not profit and they have massive resources to achieve that goal. We are talking billions. While a few like Sami may take a moral stand we're potentially talking amounts of money that are tough for anyone to turn down. Mid-carders getting more than Hogan and Austin in their prime. Mickelson has an approx 200 million guaranteed contract (with more on top), the top wrestlers may get something similar. Any legends they want will be made crazy offers. HHH's expansion plan is now a realistic scenario too. Using the WWE brand and their resources to set-up in every corner of the world, again with money no other company can compete with. Potentially is a key word here but look at what they spend on Golf and Newcastle, it's not an unrealistic scenario. Women and LGBTQ wrestlers will mostly be fine if they stay quiet, that's part of it, showing how progressive they are while back home they lock up women for 34 years just for retweets. www.theguardian.com/world/2022/aug/16/saudi-woman-given-34-year-prison-sentence-for-using-twitterI feel like an Uncle Phil "We" is coming once the new money comes when the talent hears how much the company could potentially bought for and Vince and Co are asked about raises. I hope I'm wrong Optimism has kinda taken a lunch break at the moment. And he's been gone longer than what's allotted for lunch time. Now if we were talking about Yokozuna, the Brinks trucks would be backing up.
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Toates Madhackrviper
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This avatar is so far out of date I might as well stick with it forever now.
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Post by Toates Madhackrviper on Jan 11, 2023 7:22:30 GMT -5
Most of the powerful and wealthy will make an exception for their selfishness for their children, seeing them at the very least as an extension of themselves, of their legacy, as their successors. Only the most truly evil ones discard even their own children, acting as if they are immortal and caring not for their legacy. This puts Vince, for me, in a fairly high tier of evil. I won't exaggerate and say he's S tier or anything because obviously there are war criminals and such to consider but for someone who isn't a mass murderer of some kind he's pretty up there. There are some really wild takes in this thread. Up there with mass murderers ffs! Can we not just settle on him being a bad guy? And also, how is firing his (incredibly wealthy) children worse than allegations of sexual assault/harrassment? I'm pretty sure the post you're quoting there is specifically saying that he isn't up their with mass murderers actually. I was pretty specific about not exaggerating because I know he isn't. Firing his children is not worse than sexual assualt/harassment. Thats more words you're putting in my mouth. Idk how you got my post so wrong when I worded it very carefully, but considering your post got likes I apparently failed.
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