WWE Sold To Endeavor, Will Merge With UFC

[Lion_of_the_Midlands]

Then the BBC are on the wind up as well, which seems unlikely. 

[Fatty Facesitter]

9 minutes ago, Lion_of_the_Midlands said:

Then the BBC are on the wind up as well, which seems unlikely. 

I think that photo caption has actually changed from when I first saw them stick that up - can't remember the exact description but they butchered it. So at least someone's had a quiet word there and got that changed. 

If you're a non-combat sports/non-wrestling journalist, this story must be a proper ballache to cover. Yes, as a journalist one must do their research and due diligence, but WWE in particular is such a complicated thing to describe to people on the outside at the best of times. Maybe this new hybrid brand won't take off as well as they envisage! 

 

[Lion_of_the_Midlands]

I took that screenshot at 16.21 today @Fatty Facesitter so I dread to think how bad it was captioned before. 

[neil]

11 hours ago, IronSheik said:

Can you expand on why you think this please? I'm trying to wrap my head around the whole thing. 

It's all explained in the 2006 classic:

[Fatty Facesitter]

21 minutes ago, neil said:

It's all explained in the 2006 classic:

Major plot twist in the description blurb - he was a WWE stockholder! Surely that's one of the first things you'd mention and use as unique selling point. Missed opportunity. 

[David]

One thing WWE fans (US-based mostly) can be absolutely certain of is that they can look forward to being charged a whole lot more for exactly the same thing they currently watch.

Oh, and WWE talent can look forward to 0 pay raises while having to listen to the suits at Endeavour cackle about how much money they're making. 

Welcome to the UFC/Endeavour way of doing business. 

[Matthew]

So Nick Khan was on TV earlier, saying they intend to be “aggressive” in cutting costs following the merger.

Figure floating around is £50m! That’s a massive amount to cut.

Surely there’s some big names being cut imminently?

[Guest]

Vince just needs to lay off the hair dye, that should do it.

[Keith Houchen]

5 minutes ago, Matthew said:

Surely there’s some big names being cut imminently

Don’t they already just switch to single names anyway?

[wordsfromlee]

Step one in the cost cutting measures

 

[CTXRussomark]

27 minutes ago, Matthew said:

So Nick Khan was on TV earlier, saying they intend to be “aggressive” in cutting costs following the merger.

Figure floating around is £50m! That’s a massive amount to cut.

Surely there’s some big names being cut imminently?

The £50m with be targeted through back-office/management synergies rather than talent.  I think he actually specifically stated the on-screen side of the business wouldn't be impacted, though I don't doubt there will be some nervous people over the next 6 months. 

[The Dart]

1 hour ago, wordsfromlee said:

Step one in the cost cutting measures

 

What does not offering comps have to do with cost cutting ?   Just means these shows are sold out or expected to sell out.

Edited April 19, 2023 by The Dart

[wordsfromlee]

[FUM]

6 hours ago, wordsfromlee said:

Step one in the cost cutting measures

 

Comps earn money. They put more people in seats that weren’t selling, potentially with kids wanting their favourite wrestlers merch. No comps at the moment means live event business is booming.

[Kamran]

From the Wrestling-Online Newsletter:

Quote

 

> TOP WWE EXECS TO GET $169 MILLION IN COMPENSATION AFTER SALE

- In new filings with the United States Securities and Exchange Commission, WWE revealed what sum its top executives will receive as a compensation once the Endeavor takeover is complete.

Chief Human Resources Officer Suzette Ramirez-Carr will get a cool $3,356,150. WWE Executive Chairman Vince McMahon, who will be the new Chairman of the Board of the new merged WWE/UFC company, will receive $16,027,770. Chief Financial Officer Frank Riddick III is one of four individuals who will get a larger sum than Vince McMahon and will get $20,117,225. Chief Content Officer Paul "Triple H" Levesque will get an additional $25,625,995 in his bank account. Levesque will continue in his role following the merger. Chief Global Television Production and Executive Producer Kevin Dunn will receive $31,880,058 and hopefully less camera shakes moving forward. The biggest winner by far is Chief Executive Officer Nick Khan. Khan will get a whopping $72,023,451 once the merger is complete. Khan will be WWE President once the Endeavor move is done as Ari Emanuel will serve as CEO. 

Stephanie McMahon, the former co-CEO and Chairwoman who quit the company and resigned from her board position following her father's return, will get absolutely nothing. The SEC filing states that McMahon "is not a current employee of WWE. She does not hold any outstanding WWE equity awards and is no longer party to arrangements pursuant to which she could receive cash or severance payments and benefits in connection with the Transactions, including the merger." If any of the executives mentioned are terminated, Vince McMahon and Nick Khan will receive 2x the base salary, Levesque and Riddick will get 1.5x of the base of their salary, and Ramirez-Carr will receive 1x of the base salary. Dunn is entitled to receive 12 months of base salary continuation.

 

That's a nice bonus 

Edited May 14, 2023 by Kamran