AEW CEO Tony Khan says he wants to keep company private to pass it down to his kids

AEW CEO Tony Khan says he wants to keep company private to pass it down to his kids


Tony Khan on the Jacksonville Jaguars coaching overhaul, All Elite Wrestling and DEI in the NFL

All Elite Wrestling, the upstart professional wrestling league, will remain a privately-held family business instead of pursuing an initial public offering, according to founder and co-owner Tony Khan.

Khan told CNBC Sport he had no interest in going public because he wants to pass the league down to his kids — who haven’t been born yet.

“I want to build,” said the 42-year-old Khan. “I’m still a relatively young executive, and someday, I’d like to have a family, and hopefully they can work in the business. It’s a family business.”

AEW has grown in recent years, buoyed by a new TV and streaming deal with Warner Bros. Discovery. The league competes with TKO Group’s WWE for talent.



Source

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound
Business

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound

General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images More than a year before “F1: The Movie” would eventually hit theaters, Apple struck a deal with IMAX. The studio secured the […]

Read More
How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together
Business

How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together

Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey. Manuel Orbegozo | Handout | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as tax changes may reduce giving by […]

Read More
Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season
Business

Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season

Kansas City Chiefs quarterback Patrick Mahomes has added “coffee entrepreneur” to his already packed resume. The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar’s portfolio off the field. As his Chiefs and the rest of the NFL gear up for the upcoming season, Mahomes spoke to CNBC about […]

Read More