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Post by Tye Hyll on Jan 11, 2023 0:29:52 GMT -5
VERY much so. Say goodbye to women's wrestling, basically all third party deals like toys, games etc. It is bad bad. Lots of wrestlers will exit. Why would third party deals be dead? They probably don't want to be associated with a company owned by Saudis? Brand poisoning.
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theman
Superstar
 
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Post by theman on Jan 11, 2023 0:34:30 GMT -5
Why would third party deals be dead? They probably don't want to be associated with a company owned by Saudis? Brand poisoning. What about Microsoft, Starbucks and Zoom?? They have billions invested in all three.
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Post by k5 on Jan 11, 2023 0:38:08 GMT -5
They probably don't want to be associated with a company owned by Saudis? Brand poisoning. What about Microsoft, Starbucks and Zoom?? They have billions invested in all three. holding stocks in a company is different than being the outright owner/having majority decision.
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stratusfaction23
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Joined on: Jan 29, 2002 17:18:17 GMT -5
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Post by stratusfaction23 on Jan 11, 2023 0:41:16 GMT -5
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Post by TheSystem 1.5 on Jan 11, 2023 1:04:34 GMT -5
We get it
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WWE Sold?
Jan 11, 2023 2:24:55 GMT -5
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Post by GBGav on Jan 11, 2023 2:24:55 GMT -5
Not sure how it might affect an American company with more diverse athletes, but it's common for big football clubs such as Manchester City and PSG to be owned by Saudi companies and while there was initially these same concerns, it has not damaged their reputations and if anything has made them even better, stronger clubs. The Saudi PIF actually owns my team Newcastle United and the response has been amazing. We're a good team again and the feelgood factor around the team and city has gone through the roof.
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WWE Sold?
Jan 11, 2023 2:39:30 GMT -5
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Post by Kill Em' All on Jan 11, 2023 2:39:30 GMT -5
Curious to see it’s outcome. Stephanie already resigned, how much involvement would this new organization have creatively. If HHH would have oversight creatively while caving to when the Business side influences creative?
With WWE under foreign influence, and no longer being a company of its own but brand to a organization.
Depending on how this unravels especially for Talent and impact on AEW?
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WWE Sold?
Jan 11, 2023 2:46:48 GMT -5
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Post by BoJack Hogan on Jan 11, 2023 2:46:48 GMT -5
Interesting timetable. It’s almost as if this was the plan all along. Vince steps down so they can find a buyer, they find one, Vince comes back to seal the deal. But that would be crazy, right?
If true, opinions of the buyer notwithstanding I’d be curious to see how it pans out before I react too much.
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saintegenevieve
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WWE Sold?
Jan 11, 2023 4:19:54 GMT -5
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Post by saintegenevieve on Jan 11, 2023 4:19:54 GMT -5
Interesting timetable. It’s almost as if this was the plan all along. Vince steps down so they can find a buyer, they find one, Vince comes back to seal the deal. But that would be crazy, right? If true, opinions of the buyer notwithstanding I’d be curious to see how it pans out before I react too much. I don't buy that. A leak came out last March. Vince buried her prior to her resignation. Then an investigation gets launched. He fights to stay in his position, then resigns. As soon as he does, she's back in power Years ago, there were talks about her inheriting the company. Vince barked that she can have the company if she can take it from him. That was covered in a magazine. I want to say the Rolling Stones Now she's gone all over again Let's be real. Vince was cheating on her mom. She had an interest in getting the company. They don't agree in direction. Vince knows that she will struggle to run it like he did. It's a human response that she would feel the need to screw him over, except that he had enough Class B stocks to make sure that that would never happen unless she was willing to have him be offed. I don't know who leaked what, but whomever did so had to be close to the family. In my view, it was probably her. My next post will deal with Vince himself. Sorry if this is badly written. I'm watching the pressure canner as I'm canning chicken stock.
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WWE Sold?
Jan 11, 2023 4:24:02 GMT -5
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Post by Ministry of Darkness on Jan 11, 2023 4:24:02 GMT -5
So WWE has been bought by Saudi Arabian's blood money and oil now. 🤔
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saintegenevieve
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WWE Sold?
Jan 11, 2023 4:38:18 GMT -5
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Post by saintegenevieve on Jan 11, 2023 4:38:18 GMT -5
My view on Vince McMahon is that his goal was always was always to get as wealthy as possible by monopolizing the wrestling industry. It's almost too predictable to have followed his money trail over the years to see why things got booked the way they did from national expansion into 2001.
2001 was the buyout, and McMahon clearly lost the telos from which he used to work since his telos was making money. Why wrestling declined from there can be attributed to two factors. First, his telos was to get rich, and he got far wealthier from investments and media connections than even the very best booking and what fans are willing to pay ever could offer him. They were grossing more money even 10 years ago than they ever were during the Attitude Era, for example. His telos never had anything to do with wrestling, in other words, as much as wrestling was a means to an end to getting rich
Second, the outcome from the aforementioned was that his product went from campy to mean-spirited, acts seemed to get hired and fired on a whim, Triple H was running the show like a Medieval feudal lord, Stephanie groomed to run the show, McMahon allowed to indulge his vices with impunity without risking liabilities as used to be the case before going corporate, and even the trademarks got really weird in ways I never saw before (Jesse and Jesse Gymini on the roster within a year or two is not something he ever would have done before)
Like a lot of really rich people, Vince thought he could do as he pleased, that WWE money was really his to play with as he felt like it (hence $3 million happys), and that he could do this in permanence. Along the way, he made enemies with his daughter, as is typical of inheritance disputes that bring out the worst in people, the fact that only his deepest inner circle would have known that he was squandering company funds to get laid, that she resented that he cheated on her mom. (I'm convinced that Stephanie leaked it. If not her, then Shane, though I'm not sure Shane would have had the balls to do that and he had nothing to gain beyond revenge anyway.) Being a woman and being in a post-MeToo period, I don't doubt on some level that that impacted her thinking, especially after Triple H nearly died.
What Vince didn't calculate since he's really a hillbilly is that the WSJ would air his dirty laundry where he paid a remarkable $18 million (?) over his vices. That's a lot of money. Those are like Michael Jackson level payoffs. It's pretty clear he didn't want any of that leaked
Once ousted over legal technicalities, I think McMahon had buyer's remorse for having gone corporate, even though his having had been private did put heat on him in the late 80's and, without having gone corporate, he never would have become a billionaire
He pulls a coup back on Stephanie, whom he taunted a few years ago that she can have the company if she can take it from him (I'm guessing "Ruthless Aggression" in Vince's world meant that she'd have to poison him), he positions himself to go private so the WSJ doesn't sniff around too much, and Vince can go back to hiring his bro friends and engaging in his vices without public activity
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saintegenevieve
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WWE Sold?
Jan 11, 2023 4:58:17 GMT -5
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Post by saintegenevieve on Jan 11, 2023 4:58:17 GMT -5
In terms of the McMahon family, which largely explains my views, this is how I'll lay it out
Vince's goal was always power and becoming as wealthy as possible. You can literally see booking decisions made, not tag teams getting diminished, the moment he got rid of C shows; the IC title becoming "less prestigious" the moment B shows got cut in 1995
In real terms, McMahon is a marketing genius who surrounds himself with the unspoken outsiders of the company with ivy league educations and press connections. That was true even in the 80's.
Linda McMahon is a tone deaf woman whose parents come out of civil service military jobs in a regional backwater. Same with Vince except he's literal trailer trash. What makes Vince Vince is that he's feral in ways that his kids can't be. Linda is a standard Republican type who has been vying for a political position for decades, yet didn't even know the minimum wage of Connecticut. It's almost embarrassing to watch her run for office.
Shane is pretty much what he is on TV. He's a bro without his dad's instincts and has a guilt complex about how he grew up. I saw him wasted in public before. He tried to hit on Bret's mom. He's kind of a clown character and was never going to run the company. Even his friends in Greenwich were losers.
Stephanie's resentment comes from the fact that she was Vince's mini-twin. She's always in PR mode, she's smart, but she's not a workaholic on the level that Vince is. I have met her a few times. She's always "on" and she is genuinely nice. My ex's dad runs a hospital where she did charity work. Same remarks.
I also think Stephanie is a striver. It stands out to me that she gave her kids really WASP names for an Irish Catholic. Those are the types of names given to kids with Transatlantic accents that barely exist at this point. It's weird to me because in those circles, unless the scene has changed in the past generation, will always see her as the meathead daughter of a carny showman. It's not like her daughter is going to marry a Rockefeller. Get real. But I suspect that she might want to break from wrestling entirely given the names given to her kids. It's like she wants one of her kids to be like the Trump's, like President Aurora Rose McMahon
The Saudis buying the WWE is ultimately Vince's way out. He went corporate insofar as he kept his power. Going corporate without being allowed to do as he pleased was simply not something he could ever tolerate. The Saudis are stupid enough to buy that company in the end since the wrestling industry is on a decline with no ability to make any new stars
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YeehawMan
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Post by YeehawMan on Jan 11, 2023 6:01:35 GMT -5
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Post by Markw on Jan 11, 2023 7:34:44 GMT -5
Not sure how it might affect an American company with more diverse athletes, but it's common for big football clubs such as Manchester City and PSG to be owned by Saudi companies and while there was initially these same concerns, it has not damaged their reputations and if anything has made them even better, stronger clubs. The Saudi PIF actually owns my team Newcastle United and the response has been amazing. We're a good team again and the feelgood factor around the team and city has gone through the roof. Man City’s owners are from the UAE.
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WWE Sold?
Jan 11, 2023 8:20:24 GMT -5
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Post by PrincessOfSunlight on Jan 11, 2023 8:20:24 GMT -5
I mean this is Vince saying to his family,  you this is mine and I’m selling it for money - you want it you pay me for it. In a way there’s something to be said about that which is positive, do it on your own like I did etc, but it does suck hard for everyone who isn’t Vince or those buying it.
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Post by hitmancmedge on Jan 11, 2023 8:22:05 GMT -5
Meltzer is saying he heard 8.5 Billion
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hbkowns
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WWE Sold?
Jan 11, 2023 8:24:48 GMT -5
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Post by hbkowns on Jan 11, 2023 8:24:48 GMT -5
L O L
I have no words. But I can’t say I’m surprised.
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WWE Sold?
Jan 11, 2023 8:34:40 GMT -5
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Post by hitmancmedge on Jan 11, 2023 8:34:40 GMT -5
He kept saying that he hasn’t had it confirmed by anyone in WWE, just that they all have heard the same things.
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WWE Sold?
Jan 11, 2023 8:43:26 GMT -5
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Post by hitmancmedge on Jan 11, 2023 8:43:26 GMT -5
He said 8.5 Billion is about 3 Billion more than what speculators were saying they could get.
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WWE Sold?
Jan 11, 2023 9:10:51 GMT -5
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Post by One Bill Phil: Trios Champion on Jan 11, 2023 9:10:51 GMT -5
The only article I’ve found from a legit site is from Forbes and it’s about fans rallying around Sami and LGBTQ wrestlers.
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