WWE stars in line for $32m in huge bonuses after $21.6bn Endeavour takeover with ex-champion getting $4m windfall
FOUR WWE executives, including a former WWE champion, are getting huge bonuses after the company officially merged with the UFC and began trading as a new entity, TKO, yesterday.
After the WWE and UFC merger, major players for the wrestling company are set to add an extra $32million in their pockets.
In April, it was announced that the WWE would be acquired by the Endeavor group, which owns the UFC.
Endeavor has 51 percent ownership of the combined company, labeled TKO Holdings, with the WWE owning the other 49 percent.
Now, with the merger complete, four executives will receive major paydays.
According to Wrestle Zone, WWE President Nick Khan will get $15million and continue his role with the company.
Khan joined the WWE in 2020.
Per the WWE official site, he led the company to record profit in 2021, 2022, and 2023.
Executive Vice President Kevin Dunn will receive $7million, and Chief Financial Officer Frank Riddick will receive $5million, as well.
After the deal, Riddick announced he’d leave the company at the end of the month.
The last executive to receive extra cash is the current chief content officer and former champion Triple H.
He’ll be rewarded with the $5million remaining.
Triple H is one of the most renowned wrestlers the company has ever seen.
During his tenure, he won 14 WWE world championships.
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 that I’ve ever been a part of. 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 built for where the industry is headed.”