WWE Chairman and CEO Vince McMahon speaks at a news convention asserting the WWE Network on the 2014 International CES in Las Vegas.
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All Elite Wrestling, an expert wrestling league owned by the Khan household, is keen on merging with World Wrestling Entertainment, based on individuals acquainted with the matter.
The Khans, who additionally personal the National Football League’s Jacksonville Jaguars and the Premier League’s Fulham F.C., might associate with a strategic media firm to share the mental property whereas merging the wrestling leagues, mentioned the individuals, who requested to not be named as a result of the discussions are personal. AEW has a TV carriage rights settlement with Warner Bros. Discovery‘s TNT and TBS.
The concept that Vince McMahon, the controlling shareholder of WWE, would merge his firm with the a lot smaller AEW is an extended shot. AEW hasn’t had talks with McMahon or Nick Khan, the corporate’s chief govt, mentioned the individuals. McMahon might view promoting to the Khans as a non-starter.
The Khans are open to discussing a possible position for McMahon, 77, after a sale however have not but had these talks, one of many individuals mentioned. It’s unclear what kind of job McMahon would need with WWE after a sale, however WWE is a a lot bigger and extra established group than AEW. McMahon, who was price greater than $3 billion as of July, is also referred to as the first inventive pressure behind WWE’s storylines.
Sports tycoon Shahid Khan, 72, is ranked 292 on the Bloomberg Billionaires Index with a internet price of $7.56 billion. He additionally owns auto elements producer Flex-N-Gate.
Shahid Khan, the brand new proprietor of the Jacksonville Jaguars.
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WWE’s sale course of
