Billionaire Family Is Taking On Vince McMahon & WWE

After nearly two decades of dominance, WWE might finally have some legitimate competition. Shahid Khan, the billionaire owner of the NFL’s Jacksonville Jaguars football franchise, is backing his 36-year-old son Tony’s new promotion, All Elite Wrestling, or AEW.

The company has already lured world-class talent like Chris Jericho, Kenny Omega, and The Young Bucks ahead of its debut event “Double or Nothing,” scheduled for May 25 at the MGM Grand Garden Arena in Las Vegas. The company also recently signed famed former WWE commentator Jim Ross to be the voice of its broadcasts.

We talked to pro-wrestling insider Conrad Thompson about whether or not AEW poses a threat to WWE’s market share, and how the promotion could finally offer a new option, not only for wrestling fans but for talent seeking to work for a billionaire-backed company other than WWE.

Both WWE and AEW declined to comment for this story.

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Billionaire Family Is Taking On Vince McMahon & WWE