Khan family's All Elite Wrestling set to take on WWE
All Elite Wrestling, a new professional wrestling series that aims to compete with World Wrestling Entertainment, held a launch event this week outside TIAA Bank Field, the home of NFL American football’s Jacksonville Jaguars.
The series is financially backed by the Khan family, which owns the Jaguars, as well as Fulham, of English soccer’s Premier League, to the tune of $100 million.
The promotion’s first event is scheduled to take place in Las Vegas on 25 May.
Tony Khan, president of All Elite Wrestling, told X-Pac 12360 podcast that discussions have begun over a TV deal in USA, saying: “There’s interested parties… a number of interested parties. It’s going to be great for everybody. Like I said, I want it to be great for the fans. And I want every week, I want people to be excited about what this week is going to bring in wrestling. Whether you’re a kid in school, or you’re at work and you want something to look forward to at night, I want it to be a big part of everyone’s week.”
Cody Rhodes, executive vice-president of series, added: “Compared to sports stars and professional entertainers of comparable influence, pro wrestlers are always the least paid. At All Elite Wrestling we’re going to change that. We are going to change the wrestling economy because you can offer someone opportunity, but opportunity doesn’t pay the bills, money does and happy wrestlers mean happy fans and fans come first.”
Shahid Khan (pictured), father of Tony Khan, and, in his own words, the “lead investor” of the series, said: “AEW will operate as an organisation completely independently from my other interests. It will not deter attention or divert resources from any of my businesses, teams, projects or investments. At the same time, AEW will enjoy the same full commitment I given to everything and everyone in my life - my family and friends, my business and, in recent years, to sports, hospitality and now entertainment.”
Last year, Shahid Khan withdrew an offer of £600 million ($766 million) for Wembley Stadium, the home of the England soccer team, as it failed to garner the necessary support from the Council of the Football Association, which owns the London venue.