-- In a recent article by Forbes’ Hank Tucker on the rise of AEW, several noteworthy items related to the financial side of the promotion were released, including:
- AEW’s contract with WarnerMedia to air Dynamite on Thursdays is worth $175 million over four years.
- The initial funds to start up AEW was made by Tony Khan’s father - Shahid Khan - who contributed a reported $100 million as originally reported by rajah.com sources
- Shahid Khan didn’t think the investment was a good idea but told Tony that he is going to be leaving him and his sister a lot of money and suggested they “blow some of it while I’m alive?”
- The Dynamite contract was extended in 2020 and lasts until the end of 2023.
- Khan expects the wrestling division to be profitable this year, but invested “eight figures” into the video game development which is keeping the company in the red for now.
-- To read the full article, click here.
