AEW said to be financially in the red at the moment due to video game development

An article on Forbes.com recapped the foundation of AEW and included comments from President Tony Khan. Here is an excerpt regarding the company’s finances…

The $43.75 million AEW received from TNT last year made up the largest share of its revenue, but that’s a rounding error compared to publicly traded WWE’s record $974 million in revenue in 2020. Still, AEW’s pay-per-view numbers and ticket sales are growing, and the new show will add to its coffers. Khan expects its wrestling division to be profitable this year, though an eight-figure investment in video game development will keep the company in the red for now.

Tony’s father Shahid Khan was quoted with his thoughts on AEW being started…

“I absolutely didn’t think this was a good idea. But I told Tony, ‘Look, when I’m dead and gone, I’m going to be leaving you and your sister a lot of money. Why don’t you blow some of that while I’m alive?’”

You can check out the full article below…

Meet All Elite Wrestling’s Tony Khan, The Next Lord Of The Ring

With his arms crossed against a black Jacksonville Jaguars polo shirt and his eyes hidden behind sunglasses, Tony Khan wore a mischievous but hardly intimidating grin in a recent promo video for his All Elite Wrestling.