Nick Khan Says WWE Isn't Interested in Selling Company Despite Receiving Calls

Mike Chiari@@mikechiariFeatured Columnist IVJanuary 26, 2022

The logo for World Wrestling Entertainment, Inc., WWE, appears above a trading post on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. (AP Photo/Richard Drew)
AP Photo/Richard Drew

WWE President and Chief Revenue Officer Nick Khan denied this week that WWE's higher-ups are actively looking to sell the company.

Speaking to John Ourand of Sports Business Journal, Khan was asked about rumors of WWE preparing for a sale.

Ourand noted that while Khan acknowledged WWE has "taken some inbound calls from companies looking to buy," it is "not in active conversations" to sell the company and "not actively looking to sell."

The rumors and speculation regarding a sale largely stem from the sweeping changes that have occurred since Khan was hired by WWE from his role at CAA Sports in August 2020.

In addition to parting ways with over 100 in-ring performers, WWE has pared down and reshaped other areas of the company as well, including its developmental territory in NXT and its media division.

WWE also overhauled its corporate structure, and Khan explained why those decisions were made:

"For the company to be treated the way that [Chairman] Vince [McMahon], [Chief Brand Officer] Stephanie [McMahon], [WWE executive] Kevin Dunn and myself and others believed it should be treated in the community, you needed executives who reflected that, who had range, who could get people on the phone and who could be taken seriously by their peers."

Khan noted that while he and Vince McMahon view WWE as a "global content company," some other executives didn't necessarily believe WWE deserved a spot at the "adult table."

Moves have been made to change that perception, and if Khan's comments are true, WWE intends on continuing down its current path rather than selling off to the highest bidder.

Given that Vince McMahon has been the head person in charge of WWE since purchasing it from his father in 1982, it is difficult to envision another person or company taking control of it while he is still physically able.

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