Tony Khan says AEW will be making a lot of money this year.
According to WrestleTix, AEW All In is currently at over 80,846 tickets distributed. This would be a new record for a wrestling event. The previous record was set at WWE WrestleMania 32 with 80,709 tickets accounted for at the turnstiles. AEW All In is set for August 27 at Wembley Stadium in London, England.
The show is the most anticipated in the history of the promotion and will feature several of the top names in the promotion. However, not everyone will make the PPV on Sunday, as even with AEW’s tendency to have long PPV’s, there is only so much room to go around on the card. This is an attribute to how successful AEW has been under Tony Khan’s direction.
Speaking to The Hollywood Reporter, AEW President Tony Khan was asked about the profitability of AEW.
“I typically talk about how I reinvest a lot of money. I have reinvested a lot of the money we gross in this business. Last year, we grossed over $100 million. This year, we’ll gross far more than $100 million – we’ll see where it ends up. But last year was $100 million, this year is going to be a lot more with video game revenue [for AEW Fight Forever, released this summer], Wembley revenue and the addition and [weekly TNT show, launched in June on TNT,] Collision. So our grosses will be far higher this year, and I’ve reinvested much of the money we’ve grossed back into the business. I’m still working off the original investment into the business, but have not had to put in more. And then we are reinvesting money to grow it as an international business. We’ve launched the video game, expanded the TV calendar, expanded the pay-per-view calendar and the merchandising. We have a valuation of, well people have approached me with billion-dollar offers. So the business has grown. I’m not turning over huge cash profits. But as we approach the new media rights renewal, that is really the key not only to weekly profitability and cash flow, but also another large multiplier on top of the business valuation,”
Tony Khan
Khan was then asked if he would be willing to take All Elite Wrestling public as a company in the future.
“I’m not interested in that at this time.”
Tony Khan
Tony Schiavone recently described how AEW is facing a lot of pressure with AEW All In.
We will have to wait and see how lucrative AEW All In will be when it airs on Sunday evening from Wembley Stadium in London and if Warner Bros Discovery will continue to be happy with how the company continues to succeed.
H/T to Fightful
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