In the WWE’s third-quarter earnings report issued Thursday, the company confirmed it will go ahead with the Crown Jewel event next week in Riyadh, Saudi Arabia.
The company included the following statement in their release:
WWE has operated in the Middle East for nearly 20 years and has developed a sizable and dedicated fan base. Considering the heinous crime committed at the Saudi consulate in Istanbul, the Company faced a very difficult decision as it relates to its event scheduled for November 2 in Riyadh. Similar to other U.S.-based companies who plan to continue operations in Saudi Arabia, the Company has decided to uphold its contractual obligations to the General Sports Authority and stage the event. Full year 2018 guidance is predicated on the staging of the Riyadh event as scheduled.
We will have more on this story later today and news on the third quarter report and investors call.
