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WWE To Make “Aggressive” Budget Cuts!

BREAKING NEWS: WWE is reportedly going to make "aggressive cuts" following their merger with the UFC. WWE CEO Nick Khan spoke to LightShed Partners and revealed that "50 million is a really conservative number" when expecting a budget cut estimate.

"If you look at what Endeavor was able to take out, cost-wise, from UFC in 2016 or shortly after that deal was done, we have the same expectation. We think $50m is a conservative number.

We have integration teams now, we're going to get those in shape, I think we'll have a better sense of it in a month or so. We're going to be pretty aggressive with them to make sure that, for our shareholders and for our company, our organisation is as lean and mean as possible, and we're going to rely on the Endeavor flywheel to make up the rest."

As always we will keep you up to date as things come to light.

Let's hope this doesn't end up like April 2020, if it does, Dark days are ahead yet again for the E.


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