November 24, 2024

WWE and Triple H break silence with Vince McMahon ‘set to sell up with UFC owners planning shock takeover’

Triple H #TripleH

TRIPLE H has broken his silence after reports emerged suggesting Vince McMahon was set to sell WWE.

According to a report from CNBC, WWE is set to be sold to Endeavor Group, the parent company of the UFC.

Triple H has broken his silence after reports emerged suggesting WWE will be sold

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Triple H has broken his silence after reports emerged suggesting WWE will be soldCredit: Getty Vince McMahon is reportedly close to agreeing a deal with Endeavor Group

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Vince McMahon is reportedly close to agreeing a deal with Endeavor GroupCredit: Getty Endeavor are the parent company of the UFC

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Endeavor are the parent company of the UFCCredit: AP

An announcement could come today, following the weekend’s Wrestlemania 39 action.

WWE legend and now chief content officer Triple H, remained tight-lipped at first, before declaring this was just the beginning.

Asked if he could comment on the sale, Triple H, real name Paul Levesque, said: “Nope.” Going on to say he wants to focus on Wrestling tonight.

As quoted by journalist Alex McCarthy, Triple H later added: “I can promise you, whatever happens here, WWE is going nowhere. We’re just getting started.”

The sale is set to see WWE and UFC merge into one publicly traded company.

In terms of shares, 51 per cent will go to Ari Emanuel’s Endeavor, while the remaining 49 per cent will go to WWE shareholders.

The deal is set to give the wrestling giants an enterprise value of $9.3billion (£7.5bn).

However, leadership roles for both are set to remain largely the same.

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McMahon is set to remain in his role as executive chairman, while Emanuel will act as chief executive.

And for the UFC, Dana White is set to retain his current position.

McMahon had left the WWE in an abrupt retirement following sexual misconduct allegations.

However, he returned last January to oversee the sale of the company, which was looking for buyers.

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