Jeff Jarrett gives a bold prediction for TKO/WWE.
Earlier this month, Karl Anderson and Luke Gallows made some controversial comments about the current state of WWE, saying that the company is just TKO at this point.
Many fans agreed with this statement, pointing out the fact that TKO is prioritizing profits and the bottom line over anything else.
On the latest edition of his My World podcast, Jarrett agreed with the comments from Andersona and Gallows, predicting that TKO will sell WWE when the stop getting high returns on investment.
“Yeah, I’ve said it and I’ve gotten interesting feedback. To me, this is Jeff talking to Jeff, the clarity of it at the end of day — Vince is a third generation promoter if you will. At the end of the day, every decision he made was based on what he thought the wrestling fan wanted. The rules are rewritten, those rules no longer apply. TKO does what is best to get a return on investment. They are their master, if you will, and you can’t serve two masters. Their master, if you will, is private equity. Their powers that be get the return on investment, the highest return they can possibly [get]. When they quit getting the highest returns that they can, they’re gonna sell the asset. I just think it’s that simple. I think they’re going to burn and churn and burn and churn and burn and churn. My grandmother used to always preach in so many ways, ‘Son, as a promoter, you always have to prepare for rainy days.’ Well, when the rain comes on TKO, they are changing cities and changing assets. I do, I think it’s that simple. They are not concerned at all other than the return on investment. That’s the business they’re in. So, that’s not a knock, I want to make that clear. That is not a dig. They are doing exactly what they set out to do and what their investors want them to do and require them to do. It’s just a different playing field. Karl, what he’s saying, I think a lot of folks are saying and it’s just kind of the awakening. It’s going to continue down this road, I think we’re just scratching the surface on what a different company it is.”
Vince McMahon recently sold about $250 million worth of his TKO shares to Endeavor. Learn more by clicking here.
If you missed anything from Monday's edition of WWE Raw, catch up on the show by clicking here.
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