Court documents from the ongoing shareholder lawsuit against WWE’s parent company, TKO, have revealed that AEW’s Tony Khan reportedly submitted a bid to acquire the company through an entity called Base 10, according to a report by Brandon Thurston for Post Wrestling. Khan offered $6.9 billion to acquire the company during the 2023 sales process. However, the bid ranked lowest among competitors, including Endeavor’s winning $8.5 billion all-stock deal, plus proposals from Liberty Media and KKR.
“Although Tony Khan is not mentioned by name in the complaint, Base 10 and All Elite Wrestling are, and their connection is made clear. Public records unrelated to the lawsuit independently confirm Khan’s connection to Base 10. Florida business records show that BASE10, Inc. was incorporated in 2014, listing Khan as its sole officer and the company’s address at the stadium for the Jacksonville Jaguars, the NFL team his family owns.” – Brandon Thurston
The shareholder lawsuit currently in process was initially filed in late 2023 in the Delaware Chancery Court and challenges WWE’s 2023 merger with UFC under Endeavor, alleging that Vince McMahon and executives breached their fiduciary duties. They claim McMahon predetermined the Endeavor deal win to retain power amid his misconduct scandal, rather than to maximize shareholder value. Yet this has always been denied, and at present the fascinating trial is set for June 2026.
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