-

How Endeavor pulled off WWE deal: papers signed on WrestleMania Saturday

New details have emerged of the Endeavor acquisition of WWE in a new story published by Puck.News.

According to Mark Shapiro, the President and COO of Endeavor, the put an official bid for WWE three weeks ago and Shapiro said that they didn’t know they had a confirmed deal until Saturday, the day of WrestleMania night one.

Shapiro and Endeavor CEO Ari Emanuel met with WWE Chairman and CEO Nick Khan at the Raine Group offices in New York in mid-March and then a week later they visited the WWE corporate HQ to make one more pitch.

Liberty Media, the owners of Formula 1, were fighting with Endeavor for WWE’s control and Shapiro said it was “nip and tuck all the way” to the very end. The term sheet was signed on Saturday night, and Endeavor had won the battle.

The report states that Emanuel and McMahon, along with their team, hashed out the final terms of the deal at an executive suite at SoFi Stadium while Shapiro, who was set to attend WrestleMania, had to stay behind in New York with the lawyers to close the deal.

It was on Monday morning when Emanuel, McMahon, and Khan went to the Endeavor WME headquarters in Beverly Hills as they prepared to break the news to the media and analysts.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Thunder Rosa back in the ring six weeks after concussion

Thunder Rosa returned to the ring six weeks after suffering a concussion. The former AEW Women's champion wrestled Nina Samuels...

UFC Interim Heavyweight champion Tom Aspinall appears at WWE live event in Manchester

Interim UFC Heavyweight champion Tom Aspinall showed up at the non-televised WWE live event in Manchester, England yesterday and...

Crown Jewel and Raw tapings tickets selling well in Riyadh

Tickets for the Crown Jewel and Raw tapings at the Mohammed Abdo Arena next month have been selling relatively...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading