All Elite Wrestling is interested in purchasing and merging with World Wrestling Entertainment, according to people familiar with the matter.
All Elite Wrestling, led by Tony Khan, will likely look for a financial partner to acquire the company. Tony Khan’s father Shahid Khan, a co-owner of AEW, also owns the NFL’s Jacksonville Jaguars and the English soccer club Fulham Football Club. Forbes currently lists Shahid’s net worth at $11.6 billion.
Tony Khan was asked about Vince McMahon’s return to the company and its potential sale earlier this week and said that he’s watching the situation “very closely.”
Earlier this week Vince McMahon end his six-month retirement and returned to WWE, being elected as chairman of the board. Just days after Vince’s return, WWE Chairwoman and co-CEO Stephanie McMahon resigned from her corporate positions, leaving CEO responsibilities in the hands of Nick Khan while Vince was once again elected as chairman of the board.