>>15134576He only had $100m to start the company with.
Whatever proceeds there were, Tony spent them on talent salaries.
It's the #1 problem with mark companies.
Tony is so passionately in love with the wrestlers that he'll overpay them out of ignorant fandom, at the cost of his entire company.
That's why he needs a massive TV deal renewal to balance the books. Tony spent too much money on talent, willfully and deliberately, and it was not a mistake because to Tony it never will be a mistake, as AEW was never a profit-seeking enterprise.
AEW was always and always will be Tony Khan's personal circlejerk. TV is nothing but a way for Tony to fiscally justify fangirling over the boys.
And maybe he thinks he can beat the WWE with this too, who knows. The only war is with the businessmen who are telling him he's got his priorities twisted around a bitch's cunt like a knotted dog.