FOX CEO Highlights What He Expects From New Owners as He Discusses WWE’s Potential Sale and Its TV Rights Negotiations

This year began with the news of WWE getting sold in the summer. The news garnered a lot of attention from the fans in January. Still, the WWE Universe is wondering who might land the control power of the biggest pro wrestling promotion in the world. Recently, FOX CEO in an interview gave his comments on the potential sale of the Stamford-based wrestling promotion and its TV rights.

FOX CEO wants the new owner to be as good as the current

On Thursday, the CEO of FOX Lachlan Murdoch had an interview at the Morgan Stanley Tech Media and Telecom conference in San Francisco. During the interview, Murdoch spoke about the current relationship with the WWE. He also commented on the potential new buyers of the company and future TV deals.

Speaking about FOX’s current relationship with the pro wrestling company, FOX CEO said that the management of WWE has been a “great partner throughout the relationship.” And “if they ultimately sell the business,” he hopes “the acquirer will be as great as” the current ones.

Murdoch also praised the current leading members of the company by saying that “they’ve done a tremendous job.”

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While speaking on the topic of TV media rights, he informed the world that though they are ready, there has still not been any engagement regarding this matter. But he said, “We’re ready to engage with them when they ask and they’re ready. Ultimately, our appetite for renewal depends on what happens with the rest of our sports portfolio.”

In 2018, WWE struck a billion-dollar deal with FOX for its weekly Friday show SmackDown. It was a five-year deal that will end in 2024.

Vince McMahon is a hindrance to the potential sale of WWE

Mr. McMahon shocked the world with his return to the company months after stepping down as WWE chairman and CEO. It was following the allegations of sexual harassment and misconduct. But he could not stay away from his brainchild longer.

The Genetic Jackhammer is being perceived as a hindrance to the company’s sale rather than a helping hand.

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