Thursday, October 25, 2018

Why Doesn't This Surprise Me- Vince McMahon, WWE deflect Saudi Arabia questions during WWE Third Quarter Financial call

WWE announced Thursday morning that Crown Jewel will take place as scheduled in Saudi Arabia next week, despite the controversy surrounding the Saudi government’s involvement in the death of U.S.-based journalist Jamal Khashoggi. Later Thursday morning, WWE held its quarterly financial call with investors, and WWE chairman Vince McMahon was asked directly about the Saudi Arabia situation, but he deflected in his answer.
“We’re not going to talk a lot about (Saudi Arabia),” McMahon said. “It’s a sensitive subject, and our statement said all we want to say about that subject today.”
Later in the call, WWE was again asked about Saudi Arabia, specifically the economic risks involved with doing business in the country. WWE was asked to “frame the risks” of Saudia Arabia that are outside of the company’s control, such as the risk of economic sanctions. WWE co-president George Barrios answered, “The complexity of the situation, as Vince said … All of our thoughts are encapsulated in our statement.”
WWE was then asked if there was an analogous situation they could compare it to, to which Barrios flatly answered, “no.”

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