WWE CEO Nick Khan Updates On Sale Process As Q4 Earnings Include $7.4 Million In Expenses For Settled Vince McMahon Claims
deadline.comWWE CEO Nick Khan said an exploration of strategic alternatives is in early stages but well underway and the company will “consider a broad range of possibilities.” Speaking on a call after quarterly earnings, Khan addressed the sale process intiated in the midst of some major corporate drama.
Majority shareholder and former longtime CEO Vince McMahon, who stepped back last summer, returned as executive chairman in early January.
When he did, he brought two allies and former directors with him to the board, and ejected three sitting members. “There is more interest than ever in owning content and intellectual property.
With the expiration of our domestic media rights in 2024, and the upcoming negotiations for those rights, we have a unique opportunity to explore a wide range of value-enhancing alternatives both with parties that recognize the value of content and IP like ours, and with parties that value owning the content that they host on their own platforms,” Khan said.
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