WWE is set for a huge $32 million in bonuses following its $21.6 billion acquisition of Endeavor, with the former champion pocketing $4 million
FOUR major players, including a former WWE champion, will receive huge bonuses after the TKO merger.
Following the merger of WWE and UFC under Endeavor, the wrestling company’s executives are expected to pocket an additional $32 million.
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In April, it was announced that the WWE would be acquired by the Endeavor Group, which owns the UFC.
Endeavor owns 51 percent of the shares in the combined company, called TKO Holdings, while WWE owns the remaining 49 percent.
Now that the merger is complete, four executives will receive big paychecks.
Accordingly Wrestle zoneWWE President Nick Khan will receive $15 million and will continue his role in the company.
Khan joined the WWE 2020.
According to the official WWE website, he led the company to record winnings in 2021, 2022 and 2023.
Executive Vice President Kevin Dunn will receive $7 million and Chief Financial Officer Frank Riddick will also receive $5 million.
Following the deal, Riddick announced he would be leaving the company at the end of the month.
The final executive to receive additional money is current chief content officer and former champion Triple H.
He will be rewarded with the remaining $5 million.
Triple H is one of the most renowned wrestlers the company has ever seen.
He won 14 WWE World Championships during his tenure.
Yesterday, as CCO, he shared his excitement on the social media platform X, formerly known as Twitter.
He Posted: “A historic day. The most exciting time in our industry I have ever experienced.”
“Are you ready?”
In a statement in April, Endeavor CEO Ari Emanuel summarized the opportunity.
He concluded: “This is a rare opportunity to create a global live sports and entertainment pureplay that is aligned with the direction the industry is heading.”
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