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According to the complaint filed by investors, WWE board members “conjured up a sham sales process” designed to favor Endeavor and “exclude other bidders seeking to axe” McMahon, disregarding at least two all cash offers with betters terms.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eThe complaint extensively details McMahon’s turbulent tenure as head of WWE, culminating in September with the formation of TKO Group through a $21 billion merger between UFC and WWE. He had returned to the company in January after having stepped down as chief executive amid a sexual misconduct investigation into $17.4 million in hush money payments to four different women formerly employed by the company. McMahon, as WWE’s controlling stockholder, removed and replaced three then-serving board members with himself and former executives George Barrios and Michelle Wilson.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003e“If McMahon was found to have breached his duty of loyalty, WWE stockholders could have sought his removal as a director,” states the suit. “Such scrutiny appears to have prompted McMahon to seek a ‘quick’ sale of the Company that also allowed him to continue running WWE.”\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eWWE announced on the same day as McMahon’s return in January a review of strategic options. In a statement, he said that he wanted to lead any talks about a possible sale or rights negotiations himself. Investors claim that he immediately turned to Emanuel, his former agent whom he “knew would allow him to remain at the helm” of the merged entity. They say that both the process and price point were unfair, alleging there were betters deals on the table.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eAccording to the complaint, this included undisclosed companies submitting cash offers at $95-$100 and $90-$97.50 per share. But because they contemplated cashing out WWE stockholders and barred McMahon from rolling over his shares, which would’ve signaled his “complete ouster” from the wrestling world, the board “never bothered to make” counterproposals, the suit states.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eInstead, WWE exclusively negotiated with Endeavor, proposing an all-stock deal that was contingent upon McMahon serving as executive chairman of the combined company, the complaint says. Endeavor ultimately agreed, with it owning 51 percent of the post-deal firm and former WWE stockholders owning the remaining 49 percent. Investors allege that merger was consummated at $95.66 per share, which fell below two competing, all-cash offers. (Those WWE suitors were redacted in the complaint. But the companies were described as “major institutions with significant access to capital” that had “compelling reasons to close an acquisition of WWE.” One of them likely had “significant runway to increase its offer due to the outsized synergies it could generate in a combination with” the company, the suit says.)\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003e“Not only did he secure a future for himself at post-merger WWE, McMahon also stuffed his pockets and those of his loyalists before agreeing to a deal,” states the complaint, which points to he and former chief executive Nick Kahn securing so-called golden parachutes, along with Khan, McMahon’s son-in-law and WWE chief content officer Paul Levesque (known professionally as “Triple-H”) and WWE president Frank A. Riddick getting a combined $25 million in cash bonuses.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eThe suit argues that the $21 billion price tag undervalues WWE. It’s “far below the offers” the board could’ve obtained from multiple other bidders had it “made any effort to negotiate in good faith,” investors claim.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eAccording to the complaint, McMahon and his allies on the board “timed negotiations” to favor a deal with Endeavor, including by providing early due diligence and backchanneling information to the company so that it was able to make an early offer. During this process, WWE only secured a budget for UFC’s current fiscal year rather than insisting on a full set of multi year projections, as is customary, despite agreeing to merger consideration that depended on valuing UFC accurately, the suit says. By rushing to secure a merger with Endeavor without conducting adequate due diligence, investors argue the board got an unfavorable deal in agreeing to a 51-49 split.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eThe complaint, filed by an Ohio pension fund, names McMahon, Khan, Levesque, Barrios and Wilson, among others. It contains various claims for breach of contract and seeks to represent all stockholders who cashed out their shares in the merger.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eWWE didn’t respond to a request for comment.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003esource: Hollywood Reporter\u003c/div\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cscript expr:src\u003d'\"http://feeds.feedburner.com/~s/Klq?i\u003d\" + data:post.url' type\u003d\"text/javascript\" charset\u003d\"utf-8\"\u003e\u003c/script\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"text/html","href":"https://www.klqwrestling.com/2023/11/wwe-ufc-merger-challenged-in-lawsuit.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/5221972267142987951"},{"rel":"self","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/5221972267142987951"},{"rel":"alternate","type":"text/html","href":"https://www.klqwrestling.com/2023/11/wwe-ufc-merger-challenged-in-lawsuit.html","title":"WWE-UFC Merger Challenged In Lawsuit Alleging “Sham Sales Process” for Megadeal"}],"author":[{"name":{"$t":"Kaliqo~"},"uri":{"$t":"https://www.blogger.com/profile/16883827855779815366"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"//images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url\u003dhttp://1.bp.blogspot.com/_GAU61F_GcXw/Sq5xKvM2cyI/AAAAAAAAALA/SD6S9DAAU3M/S220-s100/allura-logo.jpg\u0026container\u003dblogger\u0026gadget\u003da\u0026rewriteMime\u003dimage/*"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7964262.post-6767246774019333927"},"published":{"$t":"2023-06-08T14:57:00.003-04:00"},"updated":{"$t":"2023-06-08T14:59:01.040-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"WWE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Television Ratings"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nick Khan"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Wrestling News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Vince McMahon"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Triple H"}],"title":{"type":"text","$t":"WWE Touts Nearly 90M U.S. Fans as CEO Says “It’s Time to Monetize” With New TV Deals"},"content":{"type":"html","$t":"\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cscript expr:src\u003d'\"http://feeds.feedburner.com/~s/Klq?i\u003d\" + data:post.url' type\u003d\"text/javascript\" charset\u003d\"utf-8\"\u003e\u003c/script\u003e\u003c/div\u003e"},"link":[{"rel":"related","href":"https://www.hollywoodreporter.com/business/business-news/wwe-fans-record-tv-rights-deals-1235499439/","title":"WWE Touts Nearly 90M U.S. Fans as CEO Says “It’s Time to Monetize” With New TV Deals"},{"rel":"replies","type":"text/html","href":"https://www.klqwrestling.com/2023/06/blog-post.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/6767246774019333927"},{"rel":"self","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/6767246774019333927"},{"rel":"alternate","type":"text/html","href":"https://www.klqwrestling.com/2023/06/blog-post.html","title":"WWE Touts Nearly 90M U.S. Fans as CEO Says “It’s Time to Monetize” With New TV Deals"}],"author":[{"name":{"$t":"Kaliqo~"},"uri":{"$t":"https://www.blogger.com/profile/16883827855779815366"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"//images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url\u003dhttp://1.bp.blogspot.com/_GAU61F_GcXw/Sq5xKvM2cyI/AAAAAAAAALA/SD6S9DAAU3M/S220-s100/allura-logo.jpg\u0026container\u003dblogger\u0026gadget\u003da\u0026rewriteMime\u003dimage/*"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7964262.post-8807946910477370439"},"published":{"$t":"2023-04-16T08:18:00.004-04:00"},"updated":{"$t":"2023-04-16T08:18:56.275-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"WWE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nick Khan"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Vince McMahon"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Triple H"}],"title":{"type":"text","$t":"Nick Khan Comments On Vince McMahon’s Current Creative Role In WWE"},"content":{"type":"html","$t":"\u003cdiv\u003eNick Khan says that Triple H remains WWE‘s sole Chief Content Officer despite Vince McMahon‘s recent involvement.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003eWWE President Nick Khan recently sat down with \u003ca href\u003d\"https://lightshedtmt.com/corp-access/lightshed-live-wwe-ceo-nick-khan-on-ufc-merger-rights-deals-and-more/\" target\u003d\"_blank\"\u003eLightShed Live\u003c/a\u003e to discuss a wide variety of subjects. When asked about Vince McMahon’s current creative role in WWE based on what happened on the RAW following WrestleMania 39, Khan confirmed that Triple H is still the sole Chief Content Officer of WWE. However, he’ll also continue to communicate with Mr. McMahon.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003e“On Monday [April 3], when this deal was officially announced, Vince sent out a company-wide email to our thousand or so employees, including myself, and in the email, he laid out the structure of the NewCo,” Nick Khan said. “Specifically, he articulated that Paul Levesque remains the sole Chief Creative Officer. Sole. How does that work? Does that mean that technically because I’m in charge of the business side of the business that I don’t seek input from other people?\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003e“I wouldn’t seek input from Vince McMahon; who created this entire empire? That would be a mistake on my behalf. Paul and Vince, a family relationship, a relationship that spans back to the mid-90s. Paul is in charge of creative. If he wants input from Vince or Vince has ideas that he and Paul are going to communicate, that’s always going to be the case. We’re lucky to have Vince.\u003c/div\u003e\u003cdiv\u003e\u003cbr /\u003e\u003c/div\u003e\u003cdiv\u003e“We’re lucky to have Paul in control of creative. We’re lucky that the setup that Vince created that the company could continue to exist; even when Vince stepped out for that five-month period, the company kept flowing. We think the best organizations are set up that way, and that’s the way Vince set up WWE.” [H/T: \u003ca href\u003d\"https://www.fightful.com/wrestling/nick-khan-triple-h-remains-sole-chief-creative-officer-he-and-vince-mcmahon-will-communicate\" target\u003d\"_blank\"\u003eFightful\u003c/a\u003e]\u003c/div\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cscript expr:src\u003d'\"http://feeds.feedburner.com/~s/Klq?i\u003d\" + data:post.url' type\u003d\"text/javascript\" charset\u003d\"utf-8\"\u003e\u003c/script\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"text/html","href":"https://www.klqwrestling.com/2023/04/nick-khan-comments-on-vince-mcmahons.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/8807946910477370439"},{"rel":"self","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/8807946910477370439"},{"rel":"alternate","type":"text/html","href":"https://www.klqwrestling.com/2023/04/nick-khan-comments-on-vince-mcmahons.html","title":"Nick Khan Comments On Vince McMahon’s Current Creative Role In WWE"}],"author":[{"name":{"$t":"Kaliqo~"},"uri":{"$t":"https://www.blogger.com/profile/16883827855779815366"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"//images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url\u003dhttp://1.bp.blogspot.com/_GAU61F_GcXw/Sq5xKvM2cyI/AAAAAAAAALA/SD6S9DAAU3M/S220-s100/allura-logo.jpg\u0026container\u003dblogger\u0026gadget\u003da\u0026rewriteMime\u003dimage/*"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7964262.post-166022118629760843"},"published":{"$t":"2023-04-03T12:56:00.000-04:00"},"updated":{"$t":"2023-04-03T12:56:09.686-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"WWE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Endeavor"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nick Khan"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Triple H"}],"title":{"type":"text","$t":"Triple H and Nick Khan To Receive Huge Bonus Following WWE Sale"},"content":{"type":"html","$t":"\u003cp\u003eWWE's Nick Khan and Triple H will receive a huge bonus following the news that WWE has been sold to Endeavour.\u003c/p\u003e\u003cp\u003eOn Monday, WWE announced a transaction agreement with Endeavor that would see WWE sell to Endeavor and merge with UFC to form a new publicly traded company worth $21.5 billion. Khan will be President of WWE when the two promotions merge, while Triple H is expected to remain Chief Content Executive of WWE.\u003c/p\u003e\u003cp\u003eTriple H and Nick Khan will both receive large bonuses with Triple H taking in $5 million and Khan receiving $15 million.\u003c/p\u003e\u003cp\u003e\u003cbr /\u003e\u003c/p\u003e\u003cp\u003eFrom the SEC filing:\u003c/p\u003e\u003cp\u003e\"In light of their significant contributions to the Company prior to and in connection with the Transactions and to promote retention, the Company, following the approval of the WWE Compensation Committee, entered into bonus letter agreements (each a “Bonus Agreement”), dated as of April 1, 2023 and effective as of April 2, 2023, with certain executive officers including Nick Khan, the Company’s Chief Executive Officer, Frank A. Riddick III, the Company’s President \u0026amp; Chief Financial Officer, and Paul Levesque, the Company’s Chief Content Officer. The Bonus Agreements each provide for a cash payment (the “Bonus”) in the event a Sale Transaction (as defined in the Bonus Agreements) is consummated on or before February 28, 2024 (unless such date is extended by the Company’s Board of Directors, in its discretion) (a “Qualifying Sale Transaction”).\u003c/p\u003e\u003cp\u003eFor Messrs. Khan and Levesque, the amount of their Bonuses is equal to $15,000,000 and $5,000,000, respectively, with 100% of such amount payable as soon as practicable following the closing date of a Qualifying Sale Transaction, subject to their continuous employment through the closing date (except as otherwise noted below). For Mr. Riddick, the amount of his Bonus is equal to $5,000,000, with 60% of such amount payable as soon as practicable following the closing date of a Qualifying Sale Transaction and 40% of such amount payable as soon as practicable following the six-month anniversary of the closing date of a Qualifying Sale Transaction, subject to his continuous employment through each such date (except as otherwise noted below). In the event any of Messrs. Khan, Riddick and Levesque is terminated by the Company without Cause or resigns for Good Reason (each as defined in the applicable Bonus Agreement) prior to the payment date(s) described above, the unpaid portion of his respective Bonus shall vest and become payable as of the date of termination.\u003c/p\u003e\u003cp\u003eThe foregoing description of the Bonus Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Bonus Agreements for Messrs. Khan, Riddick and Levesque, copies of which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and which will be incorporated by reference herein.\"\u003c/p\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cscript expr:src\u003d'\"http://feeds.feedburner.com/~s/Klq?i\u003d\" + data:post.url' type\u003d\"text/javascript\" charset\u003d\"utf-8\"\u003e\u003c/script\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"text/html","href":"https://www.klqwrestling.com/2023/04/triple-h-and-nick-khan-to-receive-huge.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/166022118629760843"},{"rel":"self","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/166022118629760843"},{"rel":"alternate","type":"text/html","href":"https://www.klqwrestling.com/2023/04/triple-h-and-nick-khan-to-receive-huge.html","title":"Triple H and Nick Khan To Receive Huge Bonus Following WWE Sale"}],"author":[{"name":{"$t":"Kaliqo~"},"uri":{"$t":"https://www.blogger.com/profile/16883827855779815366"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"//images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url\u003dhttp://1.bp.blogspot.com/_GAU61F_GcXw/Sq5xKvM2cyI/AAAAAAAAALA/SD6S9DAAU3M/S220-s100/allura-logo.jpg\u0026container\u003dblogger\u0026gadget\u003da\u0026rewriteMime\u003dimage/*"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7964262.post-7521982736499568100"},"published":{"$t":"2023-04-03T08:21:00.002-04:00"},"updated":{"$t":"2023-04-03T08:48:00.315-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"WWE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Endeavor"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nick Khan"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Wrestling News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Wrestling History"},{"scheme":"http://www.blogger.com/atom/ns#","term":"UFC"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Vince McMahon"}],"title":{"type":"text","$t":"ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY"},"content":{"type":"html","$t":"\u003cdiv\u003eBEVERLY HILLS, Calif. \u0026amp; STAMFORD, Conn.--(BUSINESS WIRE)-- Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE. Upon close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eTogether, UFC and WWE will have global reach, impressive scale and omnichannel distribution. On a combined 2022 fiscal year-end basis, UFC and WWE achieved revenue of $2.4 billion and a 10% annual revenue growth rate since 2019.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“This is a rare opportunity to create a global live sports and entertainment pureplay built for where the industry is headed,” said Ariel Emanuel, CEO of Endeavor. “For decades, Vince and his team have demonstrated an incredible track record of innovation and shareholder value creation, and we are confident that Endeavor can deliver significant additional value for shareholders by bringing UFC and WWE together.”\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003e“Given the incredible work that Ari and Endeavor have done to grow the UFC brand – nearly doubling its revenue over the past seven years – and the immense success we’ve already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders,” said Vincent K. McMahon, Executive Chairman of WWE.\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eMcMahon continued, “Together, we will be a $21+ billion live sports and entertainment powerhouse with a collective fanbase of more than a billion people and an exciting growth opportunity. The new company will be well positioned to maximize the value of our combined media rights, enhance sponsorship monetization, develop new forms of content and pursue other strategic mergers and acquisitions to further bolster our strong stable of brands. I, along with the current WWE management team, look forward to working closely with Ari and the Endeavor and UFC teams to take the businesses to the next level.”\u003c/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c/div\u003e\u003cdiv\u003eThe new company will be led by Emanuel (Chief Executive Officer), who will also continue in his role as Chief Executive Officer of Endeavor, McMahon (Executive Chairman of the Board) and Mark Shapiro, who will be President and Chief Operating Officer of both Endeavor and the new company. Dana White will continue in his role as President of UFC and Nick Khan will serve as President of WWE. The Board of Directors will consist of 11 members who will be appointed at a later date, six of whom will be appointed by Endeavor and five of whom by WWE.\u003c/div\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cscript expr:src\u003d'\"http://feeds.feedburner.com/~s/Klq?i\u003d\" + data:post.url' type\u003d\"text/javascript\" charset\u003d\"utf-8\"\u003e\u003c/script\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"text/html","href":"https://www.klqwrestling.com/2023/04/endeavor-announces-ufc-and-wwe-to-form.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/7521982736499568100"},{"rel":"self","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/7521982736499568100"},{"rel":"alternate","type":"text/html","href":"https://www.klqwrestling.com/2023/04/endeavor-announces-ufc-and-wwe-to-form.html","title":"ENDEAVOR ANNOUNCES UFC® AND WWE® TO FORM A $21+ BILLION GLOBAL LIVE SPORTS AND ENTERTAINMENT COMPANY"}],"author":[{"name":{"$t":"Kaliqo~"},"uri":{"$t":"https://www.blogger.com/profile/16883827855779815366"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"//images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url\u003dhttp://1.bp.blogspot.com/_GAU61F_GcXw/Sq5xKvM2cyI/AAAAAAAAALA/SD6S9DAAU3M/S220-s100/allura-logo.jpg\u0026container\u003dblogger\u0026gadget\u003da\u0026rewriteMime\u003dimage/*"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7964262.post-3376772110011149053"},"published":{"$t":"2023-03-28T07:24:00.003-04:00"},"updated":{"$t":"2023-03-28T07:24:09.538-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"WWE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nick Khan"}],"title":{"type":"text","$t":"WWE CEO Nick Khan Comments On WWE Media Rights Negotiations"},"content":{"type":"html","$t":"\u003cp\u003eAs rumors and reports continue to surface regarding WWE‘s media rights negotiation and a potential sale, WWE CEO Nick Khan spoke to Sports Business Journal about the company’s position heading into negotiations.\u003c/p\u003e\u003cp\u003eOn the topic of the company and its position as it heads into a new round of media rights negotiations, Khan said that he thinks the company is “in a good position” thanks to its ratings and its relevance, Khan also noted that he thinks they could come to a decision toward the middle of the year.\u003c/p\u003e\u003cp\u003e“If you look at the ratings and relevancy of our product, we like to think we’re in a good position,” said Khan. “We look to get into the heat of the conversation first with our incumbents by the middle of the year or so. Depending on the timing and how strategic alternatives shake out, it will be either be middle of the year getting hot and heavy, or some time shortly thereafter.”\u003c/p\u003e\u003cp\u003eWhen it comes to competing against the likes of NASCAR and the NBA — which will also see its own media rights come up alongside WWE — Khan said that he thinks “there’s plenty of money out there for us.” He also touched on the potential sale of WWE, noting that it might be tricky navigating both a sale of the company as well as new media rights negotiations.\u003c/p\u003e\u003cp\u003e“That’s probably the trickiest of all the parts, but one thing that all potential buyers know is that the rights that Fox and NBCU negotiated for separately will obviously have to be adhered to and respected with all sorts of good faith attached to that,” Khan said.\u003c/p\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cscript expr:src\u003d'\"http://feeds.feedburner.com/~s/Klq?i\u003d\" + data:post.url' type\u003d\"text/javascript\" charset\u003d\"utf-8\"\u003e\u003c/script\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"text/html","href":"https://www.klqwrestling.com/2023/03/wwe-ceo-nick-khan-comments-on-wwe-media.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/3376772110011149053"},{"rel":"self","type":"application/atom+xml","href":"https://www.blogger.com/feeds/7964262/posts/default/3376772110011149053"},{"rel":"alternate","type":"text/html","href":"https://www.klqwrestling.com/2023/03/wwe-ceo-nick-khan-comments-on-wwe-media.html","title":"WWE CEO Nick Khan Comments On WWE Media Rights Negotiations"}],"author":[{"name":{"$t":"Kaliqo~"},"uri":{"$t":"https://www.blogger.com/profile/16883827855779815366"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"//images-blogger-opensocial.googleusercontent.com/gadgets/proxy?url\u003dhttp://1.bp.blogspot.com/_GAU61F_GcXw/Sq5xKvM2cyI/AAAAAAAAALA/SD6S9DAAU3M/S220-s100/allura-logo.jpg\u0026container\u003dblogger\u0026gadget\u003da\u0026rewriteMime\u003dimage/*"}}],"thr$total":{"$t":"0"}}]}});