Bo Rida
Fry's dog Seymour
Pulled one over on everyone. Got away with it, this time.
Posts: 24,173
|
Post by Bo Rida on Jan 11, 2023 9:41:32 GMT -5
To those quick to dismiss the Saudi sale rumors: people were quick to also dismiss rumors of Vince returning and becoming Chairman, or senior management not being radically altered as well simply because the company said so. I wouldn’t exhale just yet, all I’m saying… Yeah, it's still a likely scenario even if it's not quite as imminent as some claim. Proper journalists will also require something a bit more concrete to report. Also worth noting that even if there's an expectation it will happen doesn't guarantee it will actually go through.
|
|
|
Post by Denny Zen is Cooking™ on Jan 11, 2023 9:42:22 GMT -5
On the case of public backlash, we have to remember, WWE was one of few companies to stick to their deal with Saudi Arabia after the Khashoggi murder, putting out the BS "We have to think about the fans there" statement. I don't think public backlash does much unless a sponsor or a broadcaster says otherwise and I can't see any of them saying much right now. I completely agree, except that I do think there's a significant difference between running some shows in Saudi Arabia and taking Saudi money, and the company being outright owned by the Saudi PIF, particularly if the sale is sensationalized to the extent that it appears that it is going to be. Ultimately, the way things are positioned, it seems like Vince McMahon is going to have the final say on this no matter what and he certainly has no qualms about working with the House of Saud if it means getting the most money possible, but to the extent that there are other powers that be that have any influence at all in how this is going to go down, it wouldn't shock me in the slightest if part of the reason for these talks being leaked early is so they can go to Vince and be like "see, do you really want to run the risk of killing the company you created?" Because, you're right, public outrage doesn't really matter at all, and sponsors and broadcasters are going to honor the deals that are currently in place. But, American companies and broadcasters have consistently displayed an unwillingness to be directly tied to Saudi money, and I'm not certain those deals would be renewed. Especially if the WWE brand/viewership is tangibly harmed by the potential sale, however slight the harm may be. At the end of the day, I'm skeptical that these reports were just whole-cloth falsities, and think there's probably some fire to the smoke. I just think that the wrestling media, as it always does, jumped the gun before having a full and complete understanding of the situation. I would not be surprised in the slightest if the deal ends up going through, but I also would not be surprised if Comcast ends up buying WWE and a statement is released along the lines of "come on, did you really think we were going to sell to the House of Saud?!"
|
|
john84
Fry's dog Seymour
Proud Father of 3 :)
Posts: 24,299
|
Post by john84 on Jan 11, 2023 9:43:05 GMT -5
Good news: WWE doesn't seem like it's being sold maybe? Better news: That dude with the creepy twitter avatar has probably just tanked his credibility so hard nobody is gonna crosspost his tweets and we won't have to see his creepy twitter avatar anymore. I don't use Twitter as I think it's ''toxic'' to put it mildly but if his credibility gets tanked for confirming a story that turns out not to be true? I'm fine with that.
|
|
|
Post by Final Countdown Jones on Jan 11, 2023 9:43:30 GMT -5
I'm about to go to bed and now expect to wake up to confirmation it's happening and also all my favorites are fired and beheaded so see you guys on the flip side.
|
|
|
Post by PTBartman on Jan 11, 2023 9:46:57 GMT -5
This is giving me pause too. Far as I know it was the WSJ that broke the story of Vince returning. A sale of the company to the Saudis would be an even bigger story, but I am not seeing anything in any mainstream outlet. Even in this thread, it seems like we're in such a hurry to believe the worst that we're kind of ignoring obvious signs that this may not really be what's happening. With the benefit of time, it's either that a few folks just got straight up hoodwinked and blew it, or that a few folks will be dragged through the mud for being "wrong" for a few weeks and then we'll get a press release announcing the deal. I'm not sure which one, yet. I'd prefer the former, but I think the latter might be where we end up. It's like being caught in Raja.hell "Sources close to the situation state that WWE may or may not..."
|
|
XIII
Bill S. Preston, Esq.
Posts: 18,954
|
Post by XIII on Jan 11, 2023 9:49:12 GMT -5
We’re just going to have to wait but the only people that 100% know will be the board/upper executives and they’re not going to confirm anything until it’s a done deal legally and the press release is well…released. Unless there’s something else that happened when I was asleep the cbs guy last night said that he couldn’t get a response from anyone in the WWE, not that it wasn’t happening.
I will speculte that it is almost certainly happening but there’s a ton of paperwork and things that need to be settled before it can be announced. This is a huge sale for huge money and it will probably take a while just to word every document correctly and get everything signed + whatever else they have to go through with the government for this deal.
|
|
|
Post by SneakMan on Jan 11, 2023 9:51:31 GMT -5
The "no deal in place at this precise moment" quote is so specific in its phrasing that it leads me to believe the deal is happening, but isn't official yet due to legalities etc. Time will tell, though.
|
|
Lardlad
El Dandy
Live reaction to @WWE #WWENetwork
Posts: 8,272
|
Post by Lardlad on Jan 11, 2023 9:52:48 GMT -5
This thread went from page 226 last night, to 271 this morning - I don't think I'll ever get through it all, but I'll try!
|
|
john84
Fry's dog Seymour
Proud Father of 3 :)
Posts: 24,299
|
Post by john84 on Jan 11, 2023 9:53:21 GMT -5
This thread went from page 226 last night, to 271 this morning - I don't think I'll ever get through it all, but I'll try! Good luck!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 11, 2023 9:58:42 GMT -5
No deal in place yet.
All that tells me is there is simply just a hold up...whether it be money or IMO the really obvious ole raggedy ass lookin pink 8 trunk elephant lookin creep in the room that Vince is not gonna sell to anyone that does not put him back in complete controll.
|
|
cj3
Bubba Ho-Tep
Posts: 567
Member is Online
|
Post by cj3 on Jan 11, 2023 9:59:48 GMT -5
This is only to poke fun not only on myself but at this situation
With that said: This is LITERALLY the epitome of that scene in Airplane...."I Quit The Wrong Week to Stop Drinking"
|
|
|
Post by mistery on Jan 11, 2023 10:01:07 GMT -5
TMZ is now also saying that WWE isn't selling to Saudi Arabia. And CNBC just aired a segment saying that the Saudi/WWE sale rumors were never true to begin with.
|
|
|
Post by 06vwgti on Jan 11, 2023 10:05:10 GMT -5
Good news: WWE doesn't seem like it's being sold maybe? Better news: That dude with the creepy twitter avatar has probably just tanked his credibility so hard nobody is gonna crosspost his tweets and we won't have to see his creepy twitter avatar anymore. I love how we all think his photo makes him look suspicious and untrustworthy
|
|
Legion
Fry's dog Seymour
Amy Pond's #1 fan
Hail Hydra!
Posts: 23,409
|
Post by Legion on Jan 11, 2023 10:05:52 GMT -5
It doesnt surprise me that they were never true.
This is currently still a public company, he wouldnt be allowed to just sell it without announcing it.
He could sell his controlling stock, granted, but the Saudi's would still have to buy up the rest, and that would be a very public move.
Still, that isnt to say they couldnt become true still.
|
|
Ben Wyatt
Crow T. Robot
Are You Gonna Go My Way?
I don't get it. At all. It's kind of a small horse, I mean what am I missing? Am I crazy?
Posts: 41,819
|
Post by Ben Wyatt on Jan 11, 2023 10:07:53 GMT -5
TMZ is now also saying that WWE isn't selling to Saudi Arabia. And CNBC just aired a segment saying that the Saudi/WWE sale rumors were never true to begin with. Oh, dear lord please be correct
|
|
|
Post by stoptheclocks on Jan 11, 2023 10:08:39 GMT -5
The "no deal in place at this precise moment" quote is so specific in its phrasing that it leads me to believe the deal is happening, but isn't official yet due to legalities etc. Time will tell, though. I don't think they'd ever rule out selling to anyone. But yeah, not a great 12 hours for wrestling Twitter.
|
|
|
Post by polarbearpete on Jan 11, 2023 10:09:02 GMT -5
Vince’s plan to leak the worst possible rumor so that people are happy when it turns out not to be true and the “worst” thing is just that he’s Chairman again? I’ll take that over the alternative of it being true.
|
|
|
Post by TOK Is the Target Demo on Jan 11, 2023 10:09:13 GMT -5
It's going to be damn near impossible to sell to anyone while there's pending litigation based around the largest shareholder/former CEO openly saying that he destroy the company if he wasn't allowed to get back full control after personally being the reason for the company to be under federal investigation.
I honestly wouldn't be surprised if by this time next week there's an order of some sort limiting what they can even do re:selling the company because that's so beyond what's acceptable from a publicly traded company that it seems like a late-season storyline from a cable show.
|
|
Push R Truth
Patti Mayonnaise
Unique and Special Snowflake, and a pants-less heathen.
Perpetually Constipated
Posts: 39,372
|
Post by Push R Truth on Jan 11, 2023 10:09:24 GMT -5
Today's Mood:
|
|
|
Post by Feargus McReddit on Jan 11, 2023 10:10:27 GMT -5
I sort of hate that my theory is both dead and not dead.
It’s a zombie theory until the sale officially happens period.
|
|