WWE would earn ‘Million Dollars’ from WWE Crown Jewel that AEW ever earn in a year
WWE Crown Jewel: Is AEW competition for WWE? A piece of information that we gather below places Tony Khan’s house still a long way from Vince McMahon’s.
Without taking into account human rights and all those factors that for most billionaires are minor vicissitudes. The agreement that WWE signed with Saudi Arabia in 2018 has surely been the most beneficial move, economically speaking, for Vince McMahon’s company in its recent history.
And after a year of absence from that country. WWE will return next month by presenting its sixth event, Crown Jewel 2021.
A traditional autumn event in the calendar of the relationship between both parties, for which their first match was recently confirmed: Roman Reigns vs. Brock Lesnar for the Universal Championship.
The events are part of a 10-year agreement between WWE and the government that began in 2018.
How we know each event is worth $50 million:https://t.co/rZJz4iVMig
— Brandon Thurston (@BrandonThurston) September 20, 2021
► WWE plays in another league
Logically, Saudi Arabia has been a throwing weapon for AEW in its differentiation strategy with the McMahon Empire; selling itself as a radically opposed company, promoter of civil rights and acts of solidarity.
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Meanwhile, in the post All Out euphoria, Tony Khan has even claimed that AEW is already the “number one company” & “market leader”.
But although no one disputes its cadence, the reality in numbers looks very different. Here’s a sample, via Brandon Thurston of Wrestlenomics.
“Each event is worth between $ 50 million and $ 55 million in payments to WWE. That’s more than they are likely to pay AEW in a full year for their television deal in the United States.
“The five events so far have brought in more money than all the ticket sales of all the WrestleMania deliveries combined.”
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Thurston estimates that each show in Saudi Arabia has earned WWE about $ 50 million, bringing the total to 250 in three years. Meanwhile, AEW’s contract with WarnerMedia, until 2023, is valued at 175 million. Ergo, per year, the Elite receive about 43, almost 7 million less than the Saudi annual amount.
Let us also bear in mind that the WWE-Saudi Arabia alliance, for the moment, lasts until 2028. Once it is concluded, Vince McMahon will have pocketed close to 500 million.
