Hello, everybody, and welcome to a special Breaking News edition here. It is John Pollock of post-wrestling and Brandon Thurston of Russell Nomics.

Brandon, I feel like we just said goodbye to you on Sunday night, but so much has happened since then, but not unexpected as you could see from the CNBC reporting, but here we are, and it's a new special merger edition of post-wrestling and Russell Nomics.

That's it, that's it. We have not talked about, you know, it's it's 50-50, you know, you and I are, you know, co co CEOs if we're going to add titles and such, unless you have you can have the 51, I'll take the 49.

Okay, well, we had a very rare public appearance of Vince McMahon that we are going to get into as well, but I guess just since talking last night, just some of your major takeaways before we get into sort of some of the more minutia of how

all of this is going to work, but just seeing how how it's also been received that that you have seen in the hours since this was made official.

So just I guess to go in chronological order after we talked, I saw the press conference with Paul Evac, and Nick Howesman tried to ask him to comment or confirm that there was a merger happening.

He said, nope, he's not going to get into it. He only wanted to talk about WrestleMania. So he took a bunch of other questions, and then he did end the press conference.

Pretty apparently alluding to the deal, saying, you know, no matter what happens here, W is not going anywhere.

Was basically his message. Now then, I don't recall that ever being a rumor. I never of all the options on the table to sell, not to sell, W will be going out of business.

I never foresaw that as a threat.

No, but like we did get a question in the live stream that we did just before WrestleMania yesterday where somebody asked us, you know,

is does this mean Ross Mac down an XT or are still going to be on the air? I can see the average, you know, viewer wondering about that, or at least needing reassurance about that.

So yeah, that's what he said there. But there have been a lot of interview, there's been the CNBC interview that I think you have clips of.

There's been an Axios interview with Nick Conn. I had Washington Post calling me this morning.

There's been a lot of reaction and a lot to market market watch. I answered the email. There's a lot to talk about here.

So just to go over for those that maybe that did not hear us last night, essentially how this is going to work is that endeavor is buying WWE and then spinning it off into a brand new company, a yet to be named company that.

Vince McMahon and Ariah Manual are putting their heads together to come up with a name we could reserve the ticker TKO.

Maybe that's a hint for who knows.

They see they're finalizing it.

So this new company, which will be a publicly traded company, they expect this sale to be closed before the end of the year, depending on government regulations and approval processes that they have to go through.

But it would be a publicly traded company with endeavor controlling 51% of the newly formed company and WWE shareholders holding on to 49%.

Do you want to just quickly go over just sort of the breakdown of the power players involved here and sort of the distribution of power specifically to Vince McMahon in this newly formed company.

...