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Post by Finish Uncle Muffin’s Story on Jan 11, 2023 10:52:35 GMT -5
Listening to Observer Radio with Dave, my main takeaways were - he couldn't confirm the Saudi story but he had heard a lot of people talking about it in the wrestling world. He said Vince had been in touch with the Saudis during his time away so the idea of it makes sense to him. He also discussed how the last time Stephanie left, she remained on the board and everyone thought she'd be back eventually. This time, it's a clean break and that expectation isn't there anymore. He speculated that this means one of two things - she either was forced to leave or she didn't want to have her name attached to this company any longer either for the Vince stuff or because of whatever is about to happen. He noted that she grew up in this business and legitimately enjoys wrestling and working in and around it so her completely leaving is a bit of a surprise. The other thing I'm seeing on Twitter from smart folks is that maybe the Saudis don't buy it themselves, but Vince buys the whole thing and takes it private with the Saudis as his additional backers or something. That nuance would allow WWE to be like "We're selling to the Saudis? Absolutely untrue! No deal in place!" It'd also mean this is what Vince was doing behind the scenes over the last few months. He could do that without being on the board. The folks that reported on this last night - reported and confirmed, not speculated - have decent track records of either getting stuff right or being fed WWE stories. Somebody wanted that out there last night. Wild stuff.
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XIII
Bill S. Preston, Esq.
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Post by XIII on Jan 11, 2023 10:52:54 GMT -5
Another thing to consider is that the Saudi deal has been a complete mystery to everyone outside of a few people, so why would a potential sale to them be any different? WWE/Saudi has been full of intrigue since day 1. Remember the time in early 2021 when the private WWE jet flew to Saudi for not even a day? What in the world was that even about? If it were as simple as figuring out when the next show will happen that could have easily been done over ZOOM at that point in time. Then there’s the infamous 2019 show where Vince supposedly cut the Saudi feed for one reason or another and while he was flying back home with a couple of guys everyone else was stranded in essentially a hostage situation, One day someone will fhopefully igure all of this out and tell the tale of the WWE/Saudi relationship, but probably not with how secretive the entire things has been. Because the difference in transparency standards for business deals like the current Saudi tours and sales of public companies are massive. If there was a clause in the Saudi deal related to a future sale, it could tank the sale simply due to a lack of transparency/breach of duty from Vince. Just because he's the Chairman and owns controlling interest doesn't mean he can do whatever he wants. The reason the Saudi deal was able to stay private was that litigants didn't show cause to overrule WWE's claim of necessary secrecy. If it does end up being sale related, there's going to be SEC regulators fighting over who gets to take the lead because even in 2022 America you can't be THAT much of a capitalistic jerkoff with other people's money. I get that, which is why I doubt that there is anything written in that contract pertaining to a sale. This 100% sounds like a back room handshake agreement that has been brewing for a good while more than anything else. Two giant corporations aren’t going to put anything in a contract that would jeopardize a huge money deal down the line. It’s just curious how a publicly traded company could not have to share info about a huge money contract with its shareholders. Then again I don’t know shit though, so there’s that. lol
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Post by WoodStoner1 on Jan 11, 2023 10:53:58 GMT -5
I knew that story wasn't kosher. Too soon after the Steph news, complete with promises of HHH and Nick staying where they are, etc. etc. Plus the WSJ would be ALL OVER this one, and they weren't.
I guess I can put the brolly away again, as the sky isn't falling yet.
I do hope that someone there knows the right new owner leads to more money AFTER the money made for the deal. Baggage isn't worth what you get at the sale. Honestly, if the SA news WAS true...it would top anything Dixie and WCW ever did, combined.
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Push R Truth
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Post by Push R Truth on Jan 11, 2023 10:54:06 GMT -5
There are real journalists (aka not wrestling 'journalists') saying the sale to Saudi Arabia isn't true.
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Allie Kitsune
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Post by Allie Kitsune on Jan 11, 2023 10:55:02 GMT -5
If it does end up being sale related, there's going to be SEC regulators fighting over who gets to take the lead because even in 2022 America you can't be THAT much of a capitalistic jerkoff with other people's money. 2023 America, though? They might just pull it off. 😋 It's January 11, and Vince McMahon hasn't caused an international incident. YET.
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Dub H
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Post by Dub H on Jan 11, 2023 10:55:47 GMT -5
Every time you think Vince can't get any slimier, he finds a way. " KnOwinG ViNce" Vince apologist can f*** off now, he never deserved any benefit of doubt
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Post by Feargus McReddit on Jan 11, 2023 10:56:50 GMT -5
2023 America, though? They might just pull it off. 😋 It's January 11, and Vince McMahon hasn't caused an international incident. YET.“It’s been 3 years since I annoyed another country, I should make up for lost time, Damnit!”
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Post by Denny Zen is Cooking™ on Jan 11, 2023 10:57:51 GMT -5
There are real journalists (aka not wrestling 'journalists') saying the sale to Saudi Arabia isn't true. It doesn't seem to me like the tone or tenor of the legitimate news outlets is that the "sale to Saudi Arabia isn't true." It's that the sale to Saudi Arabia hasn't "happened at this time." I've said for months that the "wrestling media" has turned into nothing more than a yellow journalistic joke, and this is just another example of that. But, we're not out of the woods, here, just yet. This sale could very much still be in the works.
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Bo Rida
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Post by Bo Rida on Jan 11, 2023 10:58:42 GMT -5
Listening to Observer Radio with Dave, my main takeaways were - he couldn't confirm the Saudi story but he had heard a lot of people talking about it in the wrestling world. He said Vince had been in touch with the Saudis during his time away so the idea of it makes sense to him. He also discussed how the last time Stephanie left, she remained on the board and everyone thought she'd be back eventually. This time, it's a clean break and that expectation isn't there anymore. He speculated that this means one of two things - she either was forced to leave or she didn't want to have her name attached to this company any longer either for the Vince stuff or because of whatever is about to happen. He noted that she grew up in this business and legitimately enjoys wrestling and working in and around it so her completely leaving is a bit of a surprise. Always thought Steph was like Shiv in succession where they both say they have strong principles but repeatedly act the opposite way for the family business. Fair play if she's finally reached a point she can't stomach doing that anymore.
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msc
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Post by msc on Jan 11, 2023 10:58:43 GMT -5
Goddamnit too much drama than I can deal with.
Not you lot, obviously. You lot are cool.
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XIII
Bill S. Preston, Esq.
Posts: 18,957
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Post by XIII on Jan 11, 2023 10:59:08 GMT -5
This is the part in the thread where nothing happens for a while and then at like 2:30 PM EST we get 50-100 pages of absolute CHAOS NEWS
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Jonathan Michaels
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Post by Jonathan Michaels on Jan 11, 2023 11:01:55 GMT -5
I think that’s the most likely buyer where things wouldn’t change too drastically. Smackdown would move networks and I’m sure there’d be a lot of cuts to the employee/executive side of the company. But the rest I would imagine to remain the same, with also having the added benefit of Comcast supposedly liking Triple H and Stephanie a lot (which could turn into them being in charge down the road). Comcast-owned studios make content for other networks/content providers all the time, they'd be crazy to not ride out the current SmackDown deal. True, but also, with the relative strength of the Smackdown ratings, they might want it on NBC once those five years are up.
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Push R Truth
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Post by Push R Truth on Jan 11, 2023 11:03:21 GMT -5
Has anybody asked the Iron Sheik or Vincent yet of their opinion on all of this? It's all bullshit until they confirm IMHO
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Post by Finish Uncle Muffin’s Story on Jan 11, 2023 11:04:55 GMT -5
This is the part in the thread where nothing happens for a while and then at like 2:30 PM EST we get 50-100 pages of absolute CHAOS NEWS Yeah, we're in the calm before the "THEY BROKE DOWN THE DOOR?!" portion of the news cycle.
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Post by Friday Night SmackOwn on Jan 11, 2023 11:05:53 GMT -5
This is the part in the thread where nothing happens for a while and then at like 2:30 PM EST we get 50-100 pages of absolute CHAOS NEWS Let’s be real: it’ll break an hour before AEW Dynamite.
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Post by tagteammatchplaya on Jan 11, 2023 11:06:56 GMT -5
This is the part in the thread where nothing happens for a while and then at like 2:30 PM EST we get 50-100 pages of absolute CHAOS NEWS Yeah, we're in the calm before the "THEY BROKE DOWN THE DOOR?!" portion of the news cycle. "CM Punk broke into WWE HQ and leaked that news, HHH broke down the door and Ace Steel was there for no reason and bit him"
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Post by canceled4truth on Jan 11, 2023 11:09:17 GMT -5
Anyways, while we all wait in our stress, here's a song for the situation. Also while I love this song completely unironically, the lead singer does kinda sound like Chad Gable and I like to imagine it's him singing it sometimes when I'm in a really bad mood
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Post by polarbearpete on Jan 11, 2023 11:09:18 GMT -5
There are real journalists (aka not wrestling 'journalists') saying the sale to Saudi Arabia isn't true. It doesn't seem to me like the tone or tenor of the legitimate news outlets is that the "sale to Saudi Arabia isn't true." It's that the sale to Saudi Arabia hasn't "happened at this time." I've said for months that the "wrestling media" has turned into nothing more than a yellow journalistic joke, and this is just another example of that. But, we're not out of the woods, here, just yet. This sale could very much still be in the works. Not saying it won’t still happen, but the CNBC coverage was very much that it’s not true. Same with Thurston’s post.
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Kalmia
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Post by Kalmia on Jan 11, 2023 11:10:51 GMT -5
This is the part in the thread where nothing happens for a while and then at like 2:30 PM EST we get 50-100 pages of absolute CHAOS NEWS This is where we start talking about food for 20 pages.
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XIII
Bill S. Preston, Esq.
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Post by XIII on Jan 11, 2023 11:12:42 GMT -5
I do find it a bit curious that the WWE hasn’t put out an official statement saying something along the lines of “no sale is imminent and the WWE is exploring all of its options to maximize profit for its shareholders” or some other bullshit. You’d think that would at least be a thing to slow this story down a bit.
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