Tony Khan is focused on making bank with All Elite Wrestling.
Since 2019, AEW has progressed rapidly as a professional wrestling company, airing three weekly TV shows and attracting large wrestling audiences worldwide.
With a new media rights deal on the horizon, fans are optimistic about the company’s future.
During today’s AEW All Out 2024 media call, the AEW President confidently declared that AEW will soon become the second most profitable company in wrestling history.
Khan said, “I think it is reasonable. Whether those cash flows happen overnight when the new deal kicks in, I can’t say those things for sure yet. There is still a lot to be figured out. I do think the die is cast that AEW is going to be the second most profitable wrestling company, at this point, of all time, which is very impressive for a promotion that is just over five years old and has been on television for less than five years. It’s amazing how quickly we’re expended. The expansion of the television product going from two hours a week to five hours a week. Being very excited about what the future holds in our media deal. It’s a really great time for the company. As getting into the semantics and mechanics of the accounting, and how we’re counting all the dollars, I’m not sure exactly how much money WCW made in 1998, nor am I honestly sure how much Jim Crockett was making in 1986, but over the duration of this deal, I expect, over this multi-year period that we’re about to enter into, that we will be the second most profitable wrestling company in the history of the wrestling business. It’s a really exciting thing, and it’s also only the beginning. It’s the beginning of a really long journey. It’s been long journey, but it’s still early in the long journey. We’re really building for the future.”
One of the biggest wrestling promotions globally, AEW is second only to WWE in annual revenue. Forbes ranked AEW as the third most valuable combat sports promotion worldwide, estimating its value at $2 billion, placing it behind the UFC and WWE.
