WWE is reportedly in talks with Newcastle United’s Saudi Arabian owners over a potential takeover of the Premier League club.
According to reports, the wrestling giant is in discussions with the Saudi Public Investment Fund (PIF) over a potential deal that could see Vince McMahon return as head of creative.
The PIF, which is owned by the Saudi government, is the majority shareholder in Newcastle United and has been looking to sell the club since last year.
The potential deal between WWE and the PIF would see the wrestling company take control of the club, with McMahon returning to the helm as head of creative.
McMahon, who founded WWE in 1980, stepped down as CEO in 2018 but remains the majority shareholder of the company.
The potential takeover of Newcastle United by WWE would be a major coup for the wrestling company, which has been looking to expand its global reach in recent years.
WWE has already made moves to expand its presence in the UK, launching its own UK-based wrestling show, NXT UK, in 2018.
The potential takeover of Newcastle United would be a major boost for the club, which has been struggling in the Premier League in recent years.
The club has been in the relegation zone for much of the season and is currently in 18th place in the table.
The potential takeover of Newcastle United by WWE would also be a major boost for the city of Newcastle, which has been hit hard by the coronavirus pandemic.
The potential deal between WWE and the PIF is still in the early stages and it is not yet clear if it will go ahead.
However, if the deal does go ahead, it could be a major boost for both WWE and Newcastle United.