It has been reported this weekend that due to a number of factors, WWE is looking seriously at closing their NXT UK brand.
According to a report by Tom Colohue at Sportskeeda, the #speakingout movement allegations swirling around a number of the roster has sharpened WWE’s focus on whether the brand is something they wish to continue with.
Earlier this week both Ligero and Travis Banks were released from their contracts and it is rumoured that WWE is also looking into allegations about a number of other UK talent.
The brand has not been able to film any new content since the start of the COVID-19 pandemic. Most notably, the NXT UK Takeover: Dublin show was postponed in April. The event was supposed to be headlined by Finn Balor vs. NXT UK Champion WALTER.
More long term, Colohue was told that unsurprisingly, NXT UK has not been a profitable brand since it was launched in 2018. WWE’s previously discussed plans of a ‘globally regional’ NXT footprint seem to have been put on the back-burner due to the pandemic.
With the future of fan attended live events up in the air, WWE are still very much looking to keep a handle on costs. NXT’s business model, performance and current hibernation likely make it vulnerable if further budget cuts are required.
This is a story that will likely develop further over the next week or two.