>>14297060He has approximately 200 wrestlers under contract. At minimum the lowest tier guys are making 35k, anyone that has ever been featured is getting 6 figures, and former WWE or njpw talent is getting significantly higher 6 figures.
No less than 10million per year on talent, and that number is constantly increasing with every new toy.
And then you have to consider all the former wrestlers backstage, the wrestlers with multiple contracts (which is more than you would think), and the other staff and crew. The you have production cost, equipment, travel, logistics, security, medical, lighting, audio, transport, building rental 2+ days every time with late leaving fee and over night get out because they tape ROH after their shows and end up breaking sociable hours and paying the building staff and crew at least double rates. Then you have the merchandise and the pay for generating the trash designs, the graphic design and branding in general, trademarks, music rights. You have Tony's random stats that he does nothing with. You have the weird paid investigations Tony launches into anyone who is mean to him on twitter (which he has bragged about doing on multiple occasions), multiple aew podcasts that nobody listens to, 3rd party YouTube content that Tony pays for and nobody watches with any potential revenue going away from aew anyway, mobile games, failed echo chamber fan communities like aew heels.
And that's not even taking into account that wrestling observer memberships are included in most contracts, mainly so Tony can pad the votes for meltzer awards and pressure Dave into never saying anything mean about him or else he'll lose a big chunk of his subs.