The Monday Night Wars between WWF (now WWE) and WCW delivered some of the best television in wrestling history. Unfortunately, due to the lack of competition, the WWE seems to have a monopoly on the market these days. However, the WWE’s rule could be over, as a new promotion is threatening their position in the wrestling market.
It is rumored that wrestlers Kenny Omega, The Young Bucks, and Cody Rhodes are working behind the scenes to find supporters and backers for a new wrestling promotion. The rumors now appear to be true. Possible company names have been filed for trademark.
As it stands today, the following names have been registered for trademark: All Elite Wrestling, AEW, Double Or Nothing, AEW Double Or Nothing, All Out, AEW All Out, and Tuesday Night Dynamite.
A wrestling promotion with names such as Cody Rhodes, Kenny Omega, and The Young Bucks will require some serious financial backing.
There have been rumors surrounding a financial backer for the new promotion, but one of the most persistent is Shahid Khan.
Shahid Khan is one of the richest men in the world. In fact, he is the 221st richest man in the world, owning the NFL Jacksonville Jaguars and Premier League’s Fulham FC. Interestingly enough, this gives Khan a net worth twice as big as that of Vince McMahon.
If rumors are true and Khan is backing the new promotion, the WWE could find itself in treacherous waters. If AEW has such financial backing, they could put out a product rivaling the WWE. That being said, it might be exactly what the WWE needs at this point in time.
The potential financial backer of AEW is not just the only rumor surrounding the new promotion. It is also claimed Chris Jericho and Jim Ross will be involved. If true, this could mean they have legends, financial backing, and a whole lot of wrestling knowledge. If I were a WWE shareholder, I would be seriously worried right now.
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