— The news of WWE’s impending sale keep trickling in with more details emerging on the specifics. Axiom is reporting that former co-CEO Stephanie McMahon and her husband, current WWE CCO Paul “HHH” Levesque had “opposed a sale” according to soruces. If true, that would probably explain the sweeping changes that took place after Vince McMahon returned to the company despite his incoming press release suggesting that there would be no changes to the leadership team. As noted, Stephanie resigned just a day after Vince elected himself to the Board of Directors through a written consent order – something he was able to do owing to being the controlling shareholder.
— WWE meanwhile has announced that it has retained The Raine Group, LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor to support WWE’s management team and its Board of Directors in connection with a review of strategic alternatives to maximize value for all WWE stockholders and other stakeholders, which in other words means to help them with a potential sale.