Report: WWE Could Lose Up To $16 Million If They Pull Out Of Saudi Arabia Deal

As of now, WWE has no plans to pull out of their Nov. 2 event in Saudi Arabia. But if they do, it could cost them up to $16 million according to Deadline's Dade Hayes.

Hayes cites Wall Street analyst Eric Handler of MKM Partners, who estimates a decision to delay or cancel Crown Jewel in Saudi Arabia, or move it out of the country, could cause a $2 million to $3 million hit to their fourth-quarter cash flow.

Handler believes that the company could move the event to another venue, which he believes as being possible after WWE did not refer to Saudi Arabia during Raw and SmackDown when discussing Crown Jewel. On WWE's website, the Location tab under Crown Jewel is still left blank.

If WWE were to pull out of their ten-year deal with Vision 2013, it could hurt the company’s 2019 operating income by between $12 million and $16 million according to Handler.

WWE has repeatedly stated that they are "currently monitoring the situation" and plan to move forward with the Nov. 2 event in Saudi Arabia as of now.

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