WWE Chairman Vince McMahon Enters Agreement to Purchase New Wrestling Startup AEW



WWE CEO and Chairman Vince McMahon introduced right this moment that he had met with Tony Khan, the proprietor of latest wrestling promotion AEW, and that the 2 had agreed on a purchase order quantity, with McMahon turning into sole proprietor.

“After I noticed the sort of wrestling that these guys had been doing, the matches they had been placing on, the group reactions – I knew that this was one thing massive, and I needed to get entangled,” mentioned McMahon. “If I didn’t attempt to take management of this firm now, they’d seemingly have overshadowed the WWE inside just a few years, perhaps much less. I’m too outdated for extra Monday Night time Wars.”

McMahon is referencing the fan’s time period for the scores battle between the WWE and the then Ted Turner owned WCW. In the course of the mid-90s, the 2 firms went face to face on Monday evenings in prime time TV slots. When WWE finally took management of the scores, McMahon purchased out WCW and folded all the promotion.

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“When McMahon approached me, I laughed at first,” mentioned Tony Khan, a billionaire whose household has lengthy ties on this planet of sports activities. “However he got here in with a value that was simply outrageous, and I might have been a idiot to say no. Sure, I’m value upwards of four instances what the WWE is value, however I didn’t get that method by being a idiot. I’m a wrestling fan, and I like what we’re doing, however WWE can take what we’re doing and amp it up globally in a single day.”

On information of the acquisition, AEW’s Government Vice President, Cody Rhodes, merely mentioned “Fuck. Not once more.”



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