Vince McMahon and Nick Khan sanctioned by judge in WWE merger lawsuit, heightening their burden to prevail at trial

Vice Chancellor J. Travis Laster found that Vince McMahon and WWE President Nick Khan destroyed evidence in the merger lawsuit.

According to the filing (via Brandon Thurston at POST Wrestling), the court will treat five damaging facts as presumptively true when the case goes to trial next month.

The judge found that McMahon, Khan, WWE Chief Content Officer Paul Levesque (Triple H), and former WWE executives Stephanie McMahon and Brad Blum all used Signal’s auto-delete function, which wiped out messages they had a legal duty to preserve.

Laster listed the five presumed facts as follows:

Emanuel’s promise to provide Vince with a continued role at any post-merger company after a transaction influenced Vince’s decision-making with respect to the merger.

Emanuel’s offer of indemnification and other legal support related to pending federal investigations of Vince’s alleged misconduct influenced Vince’s decision-making with respect to the merger.

Vince decided to pursue a transaction with Endeavor in 2022, before the Company initiated the strategic review process.

Khan communicated with Emanuel between August and December 2022 to facilitate a transaction between WWE and Endeavor.

Vince and Khan worked with [advisement firm] Raine to steer the process toward a deal with Endeavor and away from other potential bidders.

The defendants still have an opportunity to plead their case and overcome the presumptions.

The trial is scheduled to take place from June 8 to 12.

The lawsuit, which was filed in 2023, alleges that McMahon predetermined the transaction with Endeavor to secure his continued role at the company in light of the sexual misconduct scandal surrounding him, rather than shopping WWE to maximize shareholder value.

source: fightful.com

Vince McMahon, Nick Khan, Paul Levesque To Testify In WWE Shareholders Lawsuit

Vince McMahon, Ari Emanuel, Nick Khan, and Triple H are set to testify in the upcoming trial for the lawsuit related to WWE’s merger. As previously reported, WWE shareholders filed a lawsuit against WWE in November 2023 over the TKO merger. The lawsuit alleges that WWE’s investigation into former Chairman McMahon was a “sham,” and that McMahon manipulated the sale process to Endeavor for his benefit.

According to POST Wrestling’s Brandon Thurston, the four executives are among those set to testify as witnesses in the trial.

Mark Shapiro is also among the list of witnesses, which includes many other names as revealed in a pre-trial order. Stephanie McMahon is listed among the names the plaintiffs may call, either live or by deposition.

The trial is set to kick off on on June 8th in the Delaware Court of Chancery and claims that McMahon set up the deal with Endeavor for them to acquire WWE and merge into TKO in order to ensure that he would remain with WWE. This was after he was accused of sexual misconduct in summer of 2022. McMahon retired from the company in the wake of the allegations, but forced his way back onto the Board of Directors in order to facilitate the sale of WWE.

McMahon of course eventually exited WWE and TKO just after he was sued by Janel Grant over allegations by Grant that he sexually abused, assaulted, and trafficked her. That lawsuit is ongoing.

The report by Thurston notes that plaintiffs and defendants plan to call McMahon and Emanuel as live witnesses in the courtroom. McMahon has separate legal representation from the rest of the defendants which include Khan, Triple H, George Barrios, and Michelle Wilson. WWE and TKO are not direct parties to the lawsuit, through they are believed likely to be funding the legal bills for the defendants beyond McMahon.

The full list of names who are intended to be called to testify are:

Plaintiffs Intend To Call Live:
* Vince McMahon
* Ari Emanuel
* Mark Shapiro
* Jeffrey Sine, Raine banker
* Frank Riddick, then-WWE Chief Financial Officer and board member
* Andrew Schleimer, TKO CFO and then-UFC CFO
* Brendan Houlihan, expert witness
* James Canessa, expert witness


Plaintiffs May Call Live Or By Deposition:
* Jeffrey Speed, then-WWE board member
* Stephanie McMahon
* Marty Patterson, Liberty Media President & CEO
* Steve Pamon, then-WWE board member


Defendants Intend To Call Live (Several Also Pppear Plaintiffs’ List):
* George Barrios, then-WWE board member and former WWE executive
* Brad Blum, former WWE executive
* Ari Emanuel
* Daniel Lee, Moelis Managing Director (an advisor in the process)
* Paul Finger, JP Morgan Managing Director (advisor)
* Nick Khan
* Steve Koonin, TKO board member, then-WWE board member
* Triple H
* Vince McMahon
* Frank Riddick
* Andrew Schleimer
* Mark Shapiro
* Jeffrey Sine
* Michelle Wilson, then-WWE board member and former WWE executive
* Mark Zhu, TKO Chief Strategy Officer and then-Endeavor executive
* Doug Perlman, expert witness
* Professor Steven Salaga, expert witness
* Professor David C. Smith, expert witness
* Matthew Archer, shareholder plaintiff
* Dennis Palkon, shareholder plaintiff

WWE stars are being asked to take up to 50% pay cuts amidst ludicrous corporate greed

The weeks following WrestleMania are traditionally a time that WWE retools its roster for the upcoming year and beyond. Despite there not being a true “offseason” in professional wrestling, like any sport the time between WrestleMania and SummerSlam is when new talent is pushed up the card, old faces are scaled back, and unfortunately some wrestlers are released all together.

That indeed happened, with WWE releasing upwards of 20 wrestlers in last week, but on the tail of that news something entirely different has emerged: Corporate greed.

Reports emerged this week that there were superstars inside the company who weren’t subject to the yearly releases, but instead given ultimatums to either re-work their contracts and accept pay cuts of up to 50% or be let go. This occurred with both Kofi Kingston and Xavier Woods, both of whom decided to leave the company, rather than reduce their rate. Veteran wrestling reporter Dave Meltzer is also reporting that there are some inside WWE who accepted the ultimatum and signed new, reduced contracts as a result of the strong-arm tactics.

It’s certainly not usual to see pay scales change over time in professional wrestling, moving both up and down as a result of a wrestler’s position inside the company, but it is unheard of that talent has been asked to take massive pay reductions while under contract in an effort to push them into lower-paying roles. Especially when pay at the TKO executive level (WWE’s parent company) has exploded to double, and even triple their multi-million dollar salaries.

Amid reports some WWE talent were asked to take pay cuts by as much as 50%, how are some top TKO & WWE executives compensated YOY (determined by TKO Board comp committee)? 2025 vs. 2024: Ari Emanuel: +272%, $18M➡️$67M Mark Shapiro: +33%, $32M➡️$43M Nick Khan: +304%, $6M➡️$24M

This is not a case of cutting pay because the business is changing, or that wrestling revenue is down, but rather the end-game of making payroll as cheap as possible, following the UFC model of grossly underpaying talent. The core difference is that MMA fighters are allowed to pursue and sign their own independent sponsorship deals to bolster their earnings, which WWE wrestlers cannot.

On the contrary, TKO is in a great place financially right now thanks to long-term media rights deals being cemented in the last two years, providing unprecedented wealth and stability.

In this model the only people who gain are predictably at the executive level. It’s also yet another example of the need to address the biggest taboo inside professional wrestling locker rooms: Unionization. The current structure, most notably in WWE, but used by other companies too, is to file talent as “independent contractors,” which is a phony designation designed for focused contract work on a project, not to replace being a full-time employee, as wrestlers often are. This model has allowed WWE to skirt around providing benefits, and adhering to federal employee protections. The fear of unionization has traditionally been the immense power wielded by both Vince and Linda McMahon through their political and judicial relationships, but those no longer exist in a TKO world.

Corporations will always try to get as much out of workers for as little as possible in order to keep stock prices high and executives wealthy — that’s a feature of capitalism, not a bug. However, when wrestlers are given ultimatums to take massive pay cuts or lose their jobs for no discernible reason, then something has to give. Unionization is the path forward, and hopefully, these discussions are happening amongst talent.

source: sports.yahoo.com

Nick Khan Backs Paul Levesque, Addresses Criticism During TKO Town Hall

From a financial standpoint, WWE appears to be as strong as ever, continuing to break gate records, draw strong ratings, high revenues, and record profits. But over the last year, fan reception towards WWE has become more and more critical, with many taking issue with storylines such as John Cena's 2025 heel turn, Cena's subsequent retirement tour, and the inclusion of Pat McAfee into Cody Rhodes vs. Randy Orton feud in the lead up to WrestleMania 42.

But despite the hardships, one WWE executive is doing his best to give a vote of confidence for the increasingly embattled WWE chief content officer, Paul Levesque. POST Wrestling reports that a WWE/TKO town hall with staff was called on Monday, with WWE President Nick Khan giving Levesque his seal of approval. Those who attended the town hall say that Khan declared Levesque would continue in his role as head of creative, though it wasn't clarified whether this was just Khan voicing his support, or a sign that Levesque had agreed to a new WWE/TKO contract.

Levesque wasn't the only aspect of WWE that Khan was defending, as TKO President and COO Mark Shapiro asked Khan about the online criticism WWE had been receiving. Khan proceeded to characterize the criticism WWE was receiving as coming from a "vocal minority," specifically when it came to citing the contrast in reactions between WrestleMania 42's two nights, with Night Two being received more positively than Night One.

To further hammer his point home, Khan read out multiple messages criticizing WWE back in 2015, when Vince McMahon was still in charge of the company. While unconfirmed, it's believed that Khan used those past messages in an attempt to paint past criticisms of the WWE product as historically unreliable. No word was provided on how TKO executives reacted to Khan's defense.

New Details on WWE Talent Releases, Including Who Made the Call

How and why the decision was made to cut two dozen wrestlers from WWE main roster and NXT this past Friday night.

Friday, April 24 was an extremely difficult night for WWE employees and fans alike as the company executed a number of post-WrestleMania talent cuts.

This has unfortunately become an annual occurrence, to the point that many in the locker room were speculating that the releases would take place all week long, according to Sean Ross Sapp of Fightful Select.

Former WWE Women's Champion Nikki Cross was the first to announce her departure, doing so on her X account at 5:21 p.m. ET. She made her announcement roughly 20 minutes after the company began informing two dozen wrestlers that they were being released or that their contracts were not going to be renewed.

Not long after Cross hit publish on her post, it was public knowledge that all of the Wyatt Sicks would be leaving the company, along with Aleister Black, Zelina Vega, Kairi Sane, Motor City Machine Guns and a bevy of others.

When diving into the how and why these cuts were made, Sean Ross Sapp noted that while there has been a great deal of chatter about TKO making the calls for them, the final decisions were made at the WWE level.

WWE President, Chief Content Officer and talent relations department made the tough calls of cutting talent "Triple H, Nick Khan and WWE talent relations were ultimately the primary decision makers," Ross Sapp said in his report Sunday night. "WWE sources indicated that majority of releases were to make way for new talent, and the possibility of SmackDown reducing to two hours in the near future."

The insiders at BodySlam did report earlier in the day on Sunday that SmackDown would be moving back to two hours within the next few weeks, a call that was apparently made by the USA Network.

A disproportionate number of SmackDown stars were released when compared to those in the Raw locker room who will soon be hitting free agency. Both brands, however, were hit with an infusion of NXT talent this week, including Ethan Page, Sol Ruca, Joe Hendry, Fatal Influence, Blake Monroe and Ricky Saints.

A number of releases at the NXT level were reportedly made with a new recruit class expected at the Performance Center in Orlando in the very near future.

Some of the releases were a bit more surprising than the others. Santos Escobar, for example. WWE re-signed him to a big-money deal just this past year and then never used him on the main roster. He made several appearances for AAA before suffering an injury that required surgery, and Escobar is expected to be sidelined for several more months.

"This used to be against the company's policy, but has happened a number of times in recent years," Ross Sapp said of injured talent being released. "Karl Anderson, BJ Ray and Ridge Holland were all released or not extended while they were awaiting clearance."

Zoey Stark is another talent who has been out injured. She tore her ACL and MCL in a Money in the Bank Qualifying Match last May, but sources told Fightful Select that she was recently cleared to return to the ring. She'll be good to go wherever she chooses once her right of termination and requisite notice is up in 90 days.

One talent who is expected to garner heavy interest on the free agent market is Kairi Sane. The multi-time Women's Tag Team Champion was among the more shocking company departures, considering she's been a key figure in the ongoing rivalry between IYO SKY and Asuka on Monday Night Raw.

"There was heavy frustration to her being cut before any real payoff to the story was made," Ross Sapp said in his report.

Kairi Sane has received a significant amount of support on social media from both her friends and the WWE Universe. The hashtag "WeWantKairi" has been trending on X for much of the weekend.

source: si.com

Lawsuit Texts Show Triple H's Reaction To Vince McMahon Attempting WWE Return

In September 2023, months after Vince McMahon returned as Executive Chairman to oversee a sale, WWE and UFC officially merged into Endeavor, and TKO Group Holdings was created. One day prior to the merger, Paul Levesque wrote that he was "wound up tight today... DDay tomorrow, expecting the worst" in a text message to Nick Khan, then-President of WWE. This is according to new reporting from Brandon Thurston of POST Wrestling.

The uncovered texts are part of the shareholder's lawsuit over the merger, and show that Levesque seemed paranoid and concerned about McMahon's involvement. By October, Levesque would be in complete control of creative, with Endeavor's Ari Emmanuel and Mark Shapiro publicly stating he was prior to that. However, in December 2023, McMahon was reportedly coming to Cleveland for TV and texts show that Levesque was very concerned. He texted Khan, "Was just told by security that VKM is coming to Cleveland on Monday. What's that about??????" Khan responded right away, but those texts were deleted by Khan.

The following day, Levesque again texted Khan about McMahon coming to TV. He told Khan he was "disappointed in that Ari convo" and showed concern about how McMahon was being handled when attending TV and giving creative notes. Levesque asked Khan his opinion on involving Shapiro in the matter. Whatever response Khan gave, he later deleted.

Nearly an hour later, Levesque texted Khan again. "Between you and I, It feels like they are both backtracking on the 'he's out' narrative," Levesque wrote. The retired wrestler shared his belief that the TKO executives were moving their position to be more accepting of a McMahon role within creative, and he mentioned an email regarding a script for Emmanuel. Khan responded, "They already know. No need to send." The text conversation appears to end there.

Levesque has been heavily featured on Netflix's "WWE Unreal", which gives a behind-the-scenes look at the creative process for storylines. He has also made appearances on TV, including during last night's episode of "Raw".

Shareholder Plaintiffs In Merger Lawsuit Accuse Vince McMahon, Paul Levesque, And Nick Khan Of Destroying Evidence

The latest update in the WWE shareholder lawsuit.

According to Brandon Thurston of POST Wrestling, the plaintiffs are accusing Vince McMahon, Nick Khan, Stephanie McMahon, Triple H, and Brad Blum of destruction of relevant evidence, including Signal messages and McMahon’s handwritten notes, regarding the WWE merger that led to the formation of TKO.

They are asking the Delaware Chancery Court to sanction the defendants: Vince, Khan, and Triple H. Stephanie and Blum are not defendants in the lawsuit.

According to the filing, all five, “failed to preserve communications despite multiple notices from WWE’s legal team to do so.”

The filing alleges that Vince McMahon, Stephanie McMahon, and Khan met with Endeavor CEO Ari Emanuel and President Mark Shapiro on December 13, 2022, just weeks before McMahon exercised his controlling interest in WWE and returned to the company. Upon returning, Vince immediately pushed to explore a sale or merger.

Khan is characterized as “spearheading” communications on Signal, which allows users to auto-delete messages on a timer. It is also alleged that Khan deleted conventional text messages, which plaintiffs say, based on context, included merger discussions and the investigation of alleged misconduct by McMahon.

The lawsuit, which was filed in 2023, alleges that McMahon predetermined the transaction with Endeavor to secure his continued role at the company in light of the sexual misconduct scandal surrounding him, rather than shopping WWE to maximize shareholder value.

Unsealed documents show that Vince and Emanuel were in communication throughout the summer of 2022

The lawsuit is currently scheduled to go to trial in June 2026.

source: fightful.com

Endeavor Executives Anticipated Vince McMahon’s 2023 WWE Return

The executives were plotting for McMahon’s return.

There’s an exclusive story up on POST Wrestling via Brandon Thurston of Wrestlenomics. It has to do with Vince McMahon’s return to WWE in January 2023 being anticipated by executives at Endeavor, which is the company that went on to acquire WWE in 2023. McMahon was a part of that transaction process.

When Vince McMahon announced his resignation/retirement from WWE in 2022 after sexual misconduct allegations emerged, a top executive at Endeavor had been relaying to colleagues on the same day that McMahon would only be gone temporarily.

After McMahon’s resignation, Endeavor President and TKO Chief Operating Officer, Mark Shapiro, sent the following message to Endeavor and TKO CEO Ari Emanuel and fellow Endeavor execs (POST Wrestling included photographic evidence of the text messages):

Nick and Stephanie are going to take over the WWE for the next nine months. Vince [will] be back with a new board or he will take the company private or he will sell it/coming to us. The race is on. The courtship is on.

Vince McMahon was back in the fold of WWE less than six months later. He was back on the Board of Directors after reinstating himself by using his superior voting power as the controlling shareholder.

The text message from Shapiro was disclosed in the WWE shareholder lawsuit in Delaware Chancery Court. The plaintiffs in that case allege that McMahon violated his legal and ethical obligation to act in the best interests of the shareholders, but instead of doing that, he helped move along the sale process to keep his own power.

There was communication between McMahon and Ari Emanuel throughout the backend of 2022.

The plaintiffs in the lawsuit are presenting the stance that McMahon and Emanuel had a friendship that would make sure McMahon stayed with WWE after the sale to Endeavor. On the other side of the spectrum, other potential suitors would have required Vince to leave WWE immediately. Vince denied that.

WWE President Nick Khan, Chief Content Officer Paul ‘Triple H’ Levesque, and former executives/Board members George Barrios and Michelle Wilson are being represented by TKO’s outside counsel. They’re being accused of being on board with McMahon’s plan to preserve his power. McMahon has separate counsel.

POST/Thurston reached out to WWE, TKO, and Vince McMahon’s reps for a comment on this story, but the requests were not responded to.

As mentioned, while McMahon was publicly retired, he had been in communication with Ari Emanuel. While they were exchanging messages, Emanuel told McMahon, “I will be your greatest partner.”

It was also revealed that several days after that August 2022 exchange, Emanuel texted McMahon and said he knew that McMahon met with Jeff Sine the day prior. Sine is a senior banker at Raine Group, who served as WWE’s financial advisor in the sale to Endeavor. Included on Sine’s extensive advisory résumé is that he advised Vince McMahon on his XFL revival.

Sine chatted with McMahon and said if things were to move forward, he would like to work for McMahon and McMahon only — not Ari Emanuel or Endeavor. He told McMahon that Morgan Stanley was not prepared to represent him.

The iteration of the deal that left Endeavor with less equity was the one that would lock in McMahon’s future with the company. The shareholders are positioning the situation as other bidders would have insisted that McMahon leave WWE, but WWE’s stance is that they did not have to give up anything to assure McMahon’s future. Endeavor gave WWE more equity to keep McMahon, which asserted his importance.

The article write-up has a section about Vince McMahon texting Nick Khan about WWE creative, per the court filings. Below is a text exchange from McMahon that he copied and pasted and sent to Khan. In the copy and pasted texts was a conversation McMahon was having with Paul Levesque and Bruce Prichard about the creative for Roman Reigns and Cody Rhodes’ Undisputed WWE Championship match at WrestleMania 39:

Text from me to Paul and Bruce: “Hey guys just double checking. Does Roman [Reigns] and Cody [Rhodes] know the new creative re [WrestleMania] and next year ?”

Bruce : “Not to my knowledge. I don’t know if Paul has had a conversation with either. Roman’s first appearance since we spoke is Friday in DC. Both will be there in person.”

Me to Paul: “ Paul have U “?

The shareholders in the lawsuit are not concerned with McMahon’s involvement in WWE creative, but are focused on these discussions amongst executives being relegated to the Signal chat app, which has an auto-delete function. The shareholders argue that key communications were not preserved on Signal, which would be a loophole of sorts to get around special preservation measures during mergers and acquisitions. If the messages weren’t properly maintained, it could factor into the outcome of the lawsuit.

The plaintiffs asked the court to order Nick Khan, Ari Emanuel, Paul Levesque, and Brad Blum (former WWE exec/McMahon aide) to sit down with attorneys and take screenshots of any relevant messages they have on the devices on which Signal was downloaded. The decision on that order is still pending.

The lawsuit is nearing the end of discovery.

After the TKO deal was finalized in September 2023, it secured multimillion-dollar bonuses for Nick Khan and Paul Levesque. The shareholders allege that those bonuses are what encouraged executives to go through with McMahon’s plan to keep his power.

The WWE and UFC merger under TKO guaranteed McMahon a lifetime role with TKO unless he resigned. He resigned in January 2024 after former WWE employee Janel Grant filed a sex trafficking lawsuit against McMahon, WWE, and John Laurinaitis. The former WWE exec, Laurinaitis, has since been dropped from the ongoing suit after agreeing to provide evidence for Grant’s case.

If the plaintiffs in the shareholders’ suit emerge victorious, they could recover financial damages on behalf of stockholders and financial institutions that held WWE shares during the specified period of time.

The merger lawsuit is going to trial in June 2026.

source: fightful.com

TKO President Mark Shapiro: A Lot Of Our WWE PLEs Were Created By Vince McMahon, We Need To Get In The Business Of Taking That Torch & Moving Past That

TKO head is enjoying the progression.

The latest episode of The Main Event with Andrew Marchand featured a sit-down chat with TKO President and Chief Operating Officer Mark Shapiro.

While the conversational focus was on WWE, Shapiro spoke about how the company’s Chief Content Officer, Paul ‘Triple H’ Levesque, and President Nick Khan are moving things forward.

He added that a lot of WWE Premium Live Event titles were created by former Chairman Vince McMahon. Shapiro said they needed to take the torch and move past that, so Levesque and Khan introduced the Wrestlepalooza PLE. Shapiro said securing the I.P. to Wrestlepalooza to sell event merchandise was a success.

“And yet, they’re open to new ideas. They never seem exhausted. They’re ready to take on a new shot, a new risk, a new opportunity. ‘Hey, Nick, let’s talk about launching a new event.’ Right now, a lot of our PLEs were created by Vince McMahon. We need to get in the business of taking that torch and moving past that, and Nick (Khan) and Triple H created Wrestlepalooza, which is the launch event for our new ESPN deal, which did incredibly well and may turn into a superfranchise. Not to mention from a merch standpoint, I don’t need to tell you, securing the I.P. rights and then selling merch at Wrestlepalooza, let’s just say it was a real winner…”

The first-ever Wrestlepalooza event was produced under the ECW banner in 1995.

The next Premium Live Event on the docket for WWE is Survivor Series: WarGames on November 29th from Petco Park in San Diego, California.

credit The Main Event with Andrew Marchand with an H/T to Fightful for the transcription

Nick Khan Addresses Soaring WWE Ticket Prices And Overall Live Event Strategy

WWE ticket prices won't be going down anytime soon.

For more than a year, the WWE has priced tickets aggressively for major events like WrestleMania 41 in Las Vegas, SummerSlam, and other PLE's in order to generate the most revenue possible — and break old revenue records for the company. Increased prices for television events like WWE Raw and WWE SmackDown followed suit.

According to the WWE President, Nick Khan, those tickets are priced appropriately, and the pricing aligns with their overall live event strategy.

Khan addressed ticket prices and the general live event strategy for the company on the Q3 earnings call on Wednesday and was adamant that both the pricing strategy and event strategy as a whole were sound.

“A couple of years ago when TKO was put up, one of the first things we collectively did was reduce the non-televised live events, which created more scarcity in the marketplace for our televised events, and our continued international expansion only furthered that," Khan said of the event strategy in WWE.

"It creates more scarcity in the United States which is a good thing in-terms of our overall gauge.”

With a slower slate of events overall, Khan confirmed that the ticket prices to see WWE were fair given what the market is bearing.

“Capacity continues to be very high. We’ve increased prices appropriately with the marketplace. That’s for the PLEs, RAW, SmackDown, SNME, and every other ticketed program that WWE has. We remain bullish on it.”-Nick Khan

In 2025, WWE expanded it's international event slate and held multiple television events overseas. The company put on specialty PLE's in Paris, Australia, and Saudi Arabia as well.

2026 will be a year that continues that expansion for the company. WWE is already slated to host the Royal Rumble in Saudi Arabia in 2026. Plus, the company announced this year that it would be running WrestleMania outside North America for the first time in history. WWE is bringing their biggest event to Saudi Arabia in 2027 with WrestleMania 43.

WWE will return to the scene of last year's record-breaking WrestleMania in 2026. WrestleMania 42 will emanate from inside Allegiant Stadium in Las Vegas for the second year in a row. The company had originally announced New Orleans as the site of the event, but pivoted after a record year in 2025.

source: si.com

WrestleMania 43 heads to Saudi Arabia as WWE takes biggest event overseas in 2027

WWE WrestleMania is soon headed outside of North America.

WrestleMania 43 in 2027 will take place in Saudi Arabia, chief content officer Paul "Triple H" Levesque announced on Friday, Sept. 12, in the city of Riyadh.

This means it will be the first time WrestleMania has crossed the Atlantic Ocean and only the third time it's been held outside of the United States. The only other instances are WrestleMania 6 in 1990 and WrestleMania 18 in 2002, both of which took place in Toronto.

The news comes after Saudi Arabia general entertainment authority Turki Alalshikh announced it in a Snapchat video on Sept. 10. Alalshikh was in attendance for the announcement.

WWE has had a partnership with Saudi Arabia for more than eight years, initially holding house shows in the country to now presenting major premium live events, typically in the cities of Riyadh and Jeddah. In 2019, WWE expanded its partnership with the General Entertainment Authority through 2027, which brings two "large-scale events" to the country each year.

The first premium live event to take place in Saudi Arabia was the Greatest Royal Rumble in 2018, separate from the annual Royal Rumble event. Since then, WWE has held events like Crown Jewel and Night of Champions in the country.

Despite the frequency of shows in the country, Saudi officials have been seeking to host major WWE events, and the push has intensified in recent months. The 2026 Royal Rumble will be held in Riyadh, the first of WWE's "big five" events to take place in Saudi Arabia.

Still, Alalshikh had explicitly stated his desire to bring WrestleMania to Saudi Arabia – a move that has been met with pushback, given it is WWE's flagship event and the allegations of sportswashing that have occurred in the country. There was belief Saudi Arabia would hold an event similar to the Greatest Royal Rumble – in that it wouldn't exactly be WrestleMania – but, it appears it will in fact be the biggest event in WWE.

The 2025 edition, WrestleMania 41, took place at Allegiant Stadium in Las Vegas, and WrestleMania 42 will take place in the same venue in 2026.

ESPN inks five-year deal for WWE’s live premium events including WrestleMania

ESPN, a subsidiary of The Walt Disney Company (NYSE: DIS), and WWE, part of TKO Group Holdings, Inc. (NYSE: TKO), today announced a landmark rights agreement as ESPN platforms, including the new ESPN direct-to-consumer streaming service, will become the exclusive U.S. domestic home of all WWE Premium Live Events (PLEs), including the two-night cultural phenomenon WrestleMania, starting in 2026. This deal makes ESPN home to the highest-profile WWE events of the year.

The ESPN DTC service will stream all WWE PLEs annually, in their entirety, with select simulcasting on ESPN linear platforms. Marquee PLEs include WrestleMania and SummerSlam – both two-night events – and Royal Rumble, Survivor Series, Money in the Bank, among others. WWE will continue to produce all PLEs.

Jimmy Pitaro, Chairman, ESPN: “WWE has an immense, devoted and passionate fanbase that we’re excited to super-serve on our new ESPN DTC platform. This agreement, which features the most-significant WWE events of the year, bolsters our unprecedented content portfolio and helps drive our streaming future.”

Mark Shapiro, President and Chief Operating Officer, TKO: “We are proud to reinforce the ‘E’ in ESPN at such an exciting juncture in its direct-to-consumer journey. WWE Premium Live Events are renowned for exactly the type of rich storytelling, incredible feats of athleticism and can’t-miss, cultural tentpole experiences that have become synonymous with ESPN. Through our UFC relationship, we have experienced firsthand how transformational an ESPN presence can be, and we know this will be an exceptional partnership at a time of great innovation for both companies.”

Nick Khan, President, WWE: “WWE’s agreement with ESPN is a pivotal moment for our millions of fans across the United States: the leader in sports entertainment partnering with the biggest brand in sports media. Bringing WWE’s flagship events to ESPN’s platform is tremendously exciting. We know the sky is the limit.”

ESPN platforms, including its DTC service, will have the opportunity to stream WWE’s pre-and post-event shows tied to all Premium Live Events.

All of ESPN. All in One Place. Coming Soon.

For the first time ever, ESPN will offer its full suite of networks and services directly to fans, along with an enhanced ESPN App that integrates game stats, betting information, fantasy sports, commerce, multiview options and a personalized SportsCenter For You. Designed to give fans more choice, flexibility and access to all of ESPN, these new features and functionality will be available to all fans who watch on the ESPN App on mobile and connected TV devices, whether they subscribe directly or through a traditional pay TV package.

Stephanie McMahon Says Vince Is His Own Worst Enemy in Candid Podcast

Stephanie McMahon and WWE President Nick Khan reflected on Vince McMahon’s complex legacy during a recent appearance on the What’s Your Story podcast. The two offered honest insights into the mindset and impact of the former WWE Chairman, recognizing both his triumphs and personal contradictions.

Stephanie spoke about Vince’s survival-driven mentality, saying, “His mindset was, if he could survive, he won. So just surviving was winning and still is winning for him today. And I do not know how you can ever beat someone at the end of the day if all they need to do is survive to win.”

Nick Khan also gave praise to Vince’s influence in shaping WWE into what it is today, noting, “So all credit to him. I only have admiration for him. As Paul said , Triple H said , at his Hall of Fame speech, family’s complicated. And, you know, obviously, we do not need to get into any of that. But in terms of business, that guy’s an empire builder.”

Stephanie closed the discussion by highlighting Vince’s internal struggles, stating, “Absolutely he is. And no one can take that away from him, no matter what, including himself, who is probably his biggest nemesis , is himself.”

Nick Khan Says He And Triple H Make Mistakes In Business But Learn From Them

In an interview with Stephanie McMahon for What’s Your Story (via Fightful), Nick Khan discussed the learning process for himself and Triple H as they continue to make mistakes in business.

He said: “Same with business, and if you make a mistake in the decision, that’s okay too. Fix it. No issue. Paul (Levesque) and I, Triple H and I, we make mistakes in business every day. The good thing is we have one another, where we can say, ‘I think I did this. What do you think?’ ‘Ah, I don’t think that was the move. Maybe we could think of it the other way.’ ‘Okay, let’s try that,’ and then to the executive committee meeting — the executive committee part of me, the senior leadership team will say, ‘Hey, this got messed up. We’re gonna pivot,’ we’re gonna do X, Y and Z instead and everyone rolls in the same direction.”

Nick Khan has served as WWE’s President since 2023, following the company’s merger with UFC to form TKO Group Holdings. In this role, he has overseen significant strategic initiatives, including the negotiation of a landmark $5 billion, 10-year deal with Netflix to stream Monday Night Raw, marking WWE’s first major move into live streaming. Additionally, WWE has expanded its presence on streaming platforms, with SmackDown returning to USA Network in October 2024 under a new agreement. Khan has also been instrumental in the development of behind-the-scenes content, such as a new docuseries on Netflix, WWE: Unreal, aimed at providing fans with deeper insights into WWE’s operations. His leadership continues to shape WWE’s evolution in the evolving media landscape.

TKO and Saudi Arabia Launch New Boxing League Led by Nick Khan, Dana White, and Turki Alakshikh

TKO is teaming up with Saudi Arabia’s Public Investment Fund to create a new boxing league.

During the latest episode of Wrestling Observer Radio, Dave Meltzer revealed that WWE President Nick Khan, who also serves on the TKO Board of Directors, will be involved in the initiative.

The boxing league will reportedly be led by UFC President Dana White and Turki Alakshikh, Chairman of Saudi Arabia's General Entertainment Authority.

Meltzer commented, “Nick Khan is supposed to be a major part of that as well. A lot of the rival promoters had a meeting in Las Vegas about how they’re going to combat this. Almost sounded like the famous meetings that the Einhorn’s arranged when Vince started his expansion…and they all got together, all the rival promoters got together and ‘We’re going to put a united front against him,’ which didn’t last very long at all, of course. But now the boxing promoters know they’ve got a real threat. And in their minds, it’s Nick Khan, Dana White, and Turki Alakshikh as the three people running this new boxing venture.”

Triple H Discusses His Reaction To Upcoming WWE Hall Of Fame Induction

This year's WrestleMania weekend will once again see the WWE Hall of Fame take place, which will be headlined by WWE CCO Paul "Triple H" Levesque. At the Royal Rumble Post-Show press conference, Triple H commented on his upcoming Hall of Fame induction.

"Nick [Khan] and I talked about the Hall of Fame many times, and he would always bring up the fact that, 'When are we are gonna put you in?' And I would say, 'Not now because no matter how I do it, it looks like I'm putting myself in the Hall of Fame,'" Triple H remarked. "He would say, 'Well, we have to do it eventually,' and I would say, 'Okay, well if we have to do it eventually, let's wait 3, 4, 5 years and then we'll talk about it.'"

At the company's town hall meeting last week, Shawn Michaels and The Undertaker made surprise appearances to give Triple H his Hall of Fame news. When Triple H noticed Khan walk aside, he got the impression that something involving him was happening. Soon to be a two-time Hall of Famer, Triple H's first induction came in 2019 as part of D-Generation X. 

"We did it with DX, it was a lot of fun. It's different when it's you, and while I've been a part of all of these and I've seen some talent see it as the biggest honor, I've seen other talent be like, 'Eh, whatever,'" Triple H continued. "Because of our passion for what we do, it hit me way harder than I thought it would. It's one of the most meaningful things in my career, and to have it come from Shawn and have it come from 'Taker ... [Khan] doing that for me was incredibly meaningful."

credit: "Royal Rumble Post-Show" with a H/T to Wrestling Inc. for the transcription

WWE legend's name added to Janel Grant's blockbuster lawsuit against Vince McMahon

The blockbuster lawsuit being brought against Vince McMahon and the WWE by former employee Janel Grant has been ammended to include the name of WWE and UFC legend.

In the 104-page lawsuit, Grant now alleges that she was offered to Brock Lesnar “for a sexual encounter” during his contract negotiations with the WWE. In addition, Grant allleges that she was told to sent sexual content to the former WWE champion. It was reported earlier this month that Grant was planning to alter the suit.

The new allegations involving Lesnar come alongside further accusations that McMahon was active in trafficking Grant during her time working at the WWE.

“Ms. Grant's amended complaint reveals new details. That further demonstrates the sexual abuse Janel Grant suffered at the hands of Vince McMahon and John Laurinaitis and pulls back the curtain on the dangerous workplace culture McMahon created at WWE. Ms. Grant looks forward to holding her abusers accountable in a court of law,” Grant’s lawyer Ann Callis said in a statement.

The lawsuit was submitted to the U.S. District Court in Connecticut. Grant alleges that the WWE was negligent in allowing McMahon’s behavior to go on unchecked. One of the men previously name in the lawsuit, John Laurinaitis, claims that he too was a victim of McMahon.

Another WWE legend, Michael Hayes, is also named in the new filing with Grant alleging that McMahon told her to make pornographic content for him. At the time, Hayes worked as part of the wrestling company’s creative team.

Other names in the new complaint include Vince McMahon’s daughter and former co-CEO Stephanie McMahon, WWE President Nick Khan, former COO Brad Blum and former legal executive Brian Nurse.

In another section, Grant accuses McMahon of sending her nude photos to others without her consent. At one point, Grant also says that McMahon recorded her naked while he was on a video call with Laurinaitis.

Grant originally accused McMahon and Laurinaitis of sexually assaulting her inside of WWE’s office.

Text messages in the new filing detail McMahon discussing his authority in arranging her sexual encounters and discussing his fantasies involving her. In a voice message, McMahon allegedly pressed Grant to sign an NDA “really f*****g fast.”

In another message, he allegedly wrote: “I’m the only one who owns U and controls who I want to f*** you.”

Vince McMahon’s representatives have responded to the new allegations.

“As expected, the proposed amended complaint is nothing more than the latest publicity stunt in an ongoing smear campaign. It is filled with desperate falsehoods from a team that continues to disregard the law and the truth,” the statement, given to reporter BJ Bethel.

Paul Levesque To Headline WWE Hall Of Fame Class Of 2025

Insider reports that WWE Chief Content Officer Paul Levesque, aka Triple H, will headline the 2025 WWE Hall of Fame class. Despite his position of being in charge of the promotion, Levesque was said to be caught off guard by the decision, which was revealed to him today in a meeting by his wife, Stephanie McMahon, and fellow Hall of Famers Undertaker and Shawn Michaels.

Levesque has largely sat atop the WWE pyramid since the initial retirement of his father-in-law, Vince McMahon, in 2022, and has been credited for revitalizing WWE under his direction. However, his Hall of Fame induction has less to do with his executive career and more with his in-ring accolades. 

Levesque first gained notoriety in WCW from 1993 to 1994, before joining WWE and assuming his Triple H moniker. When he ended his in-ring career in 2022, he had wracked up 14 World Title reigns, as well as runs with the WWE Intercontinental, European, and Tag Team Championships. He also won the 1997 King of the Ring, the 2002 and 2016 Royal Rumbles, and along with Michaels was a founding member of the popular stable, D-Generation X.

WWE’s ‘Monday Night Raw’ Netflix Debut Draws 4.9 Million Views

The first episode of WWE‘s “Monday Night Raw” to stream live on Netflix pulled in 4.9 million views globally.

That is according to Live+1 data provided by Netflix, with a view defined as total hours viewed for the program divided by its runtime. The 4.9 million views came from countries like the U.S., U.K., Canada, and Latin America, but did not include 92 countries/territories where Netflix doesn’t yet distribute WWE, including France, Germany, India, Italy, Japan, the Philippines and South Korea.

The Netflix debut of “Raw” was also viewed by 2.6 million households in the U.S. according to VideoAmp, compared to the 1.2 million households “Raw” was averaging in 2024.

It is difficult to make a direct comparison between the Netflix and USA Network viewership for “Raw,” as linear channels measure their viewership differently than Netflix does. For the sake of some comparison, however, the final episode of “Raw” on USA Network averaged approximately 1.596 million viewers across its two-hour runtime, according to Nielsen Live + Same Day data. From the beginning of October through the end of December, “Raw” averaged approximately 1.65 million viewers per week on USA Network.

During the first “Raw” on Netflix, Roman Reigns defeated his cousin Solo Sikoa in a Tribal Combat match for the sacred ula fala and the title of Tribal Chief. Later, Rhea Ripley defeated Liv Morgan to regain the women’s world championship title, Jey Uso defeated Drew McIntyre, and CM Punk won a brutal main event match against Seth Rollins.

The night also saw John Cena kick off his 2025 retirement tour, while Dwayne “The Rock” Johnson opened the show and later appeared alongside Reigns. WWE Hall of Famer Hulk Hogan made an appearance toward the end of the show, but was met with a barrage of boos from the crowd.

This is the latest in push by Netflix into live streaming. Previously, the streamer aired a boxing match between Mike Tyson and Jake Paul that drew an estimated average minute audience (AMA) of 108 million live viewers globally. The event peaked at 65 million concurrent streams, with 38 million concurrent streams in the US. Over Christmas, the NFL matchup between the Baltimore Ravens and the Houston Texans averaged 24.3 million viewers on Netflix, while the earlier Chiefs-Steelers bout brought in 24.1 million viewers.

source: variety.com

Mark Shapiro Praises Triple H, Nick Khan As ‘Experts In Storytelling’

TKO President Mark Shapiro praised WWE executives Triple H, Nick Khan as among those in the company who are “experts in storytelling” and creating rivalries. Shapiro spoke on the TKO Q3 financial results call and was asked why there haven’t been a lot of challenges with talent leaving the WWE and UFC. He answered by praising the executives in both companies at creating stars and memorable rivalries, noting talent wants to be there.

“The reason why you don’t hear about it a lot, and we say this in all modesty, you don’t hear about it because of the work of Paul Levesque, Dana White, Nick Khan, and Lawrence Epstein,” Shapiro said (per Fightful). “That’s just the fact of the matter. They are experts in storytelling. Period. They are experts in creating rivalries, period. They are experts, like David Stern was, in building and marketing stars. When your platforms, your businesses, your leagues become known for that, talent aspires to be with those leagues. We haven’t had those challenges as of late because, frankly, the talent wants to get to the UFC and WWE level.”

He continued, “We don’t take that for granted. We’re not arrogant about it, and we want to incentivize all of our fighters at UFC and all of our superstars at WWE to put out their best every day and aim for the top of the mountain. We’re prudent about it and we want to keep those costs under control. As long as we do our job of continuing with that storytelling, continuing to build our fanbase, continuing to surround ourselves with the right partners, then talent will gravitate towards the UFC and WWE.”

TKO announced their financial results on Wednesday with revenue of $681.2 million, a net income of $57.7 million, and adjusted EBITDA 1 of $310.0 million.