The WWE issued a statement today alerting investors that the corona virus outbreak could affect their bottom line.
“The health and safety of WWE’s fans, performers and employees are the company’s top priorities and management is monitoring the situation closely domestically and internationally,” stated the WWE in a release.
The WWE assured investors that they have the “substantial financial resources, both available cash and debt capacity, which currently total more than $0.5 billion, to manage the challenges ahead”.
The company did state that they might have to cancel or postpone live events.
“The potential impact of COVID-19, and corresponding changes in the way WWE operates, may adversely impact the company’s business including, but not limited to, its live event ticket sales and the sale of merchandise at those events. It should be noted that the Company may be directed to cancel, postpone or relocate certain upcoming events and the number of these changes is unknown at this time,” said the WWE.
In its first relocation decision, this Friday’s edition of Smackdown will air from WWE’s training facility in Orlando, Florida. Only essential personnel will be attending the event.
