AEW President Tony Khan Says He's 'Glad WCW Failed'

President of All Elite Wrestling Tony Khan believes that the failure of WWE's former main competitor WCW was ultimately a good thing for his company.

In a recent Forbes Magazine profile, Khan proclaimed that there's room for more than one major wrestling promotion in the world.

There’s no reason why there only needs to be one wrestling company,” Khan said. “The wrestling business is hotter now than it’s been in a long time. I’m glad that WCW failed because it created a vacancy for us to come in and succeed, but it made it a fairly bleak period for the wrestling business," he added.

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AEW launched in 2019 but has proven itself a worthy competitor to Vince McMahon's WWE. The ratings for AEW's flagship show Dynamite are impressive, and the company continues to build a formidable roster. But Khan is keen to swat away any comparisons to WCW or other companies that have challenged WWE in the past.

I don’t want to be the next ‘blank’ wrestling company of the past—fill in the blank,” Khan told Forbes. “We love wrestling of the past, wrestling of the present and wrestling of the future... That’s what gives us a great chance to retain and gain audience share.”

vince mcmahon tony schiavone and tony khan

As you might recall, Tony Khan recently publicly called out WWE in a playful promo recorded prior to an episode of AEW Dynamite back in May. In the video, Khan poked fun at WWE president Nick Khan after rumors of WWE potentially forming a partnership with New Japan Pro Wrestling began to circulate.

There's only room for one Khan in the wrestling business,” AEW’s president joked. “It's me, Tony Khan, not some con man from Connecticut.”

AEW has thrived under the steady hand of its founder Tony Khan, who happens to be a lifelong wrestling fan. The Covid-19 pandemic made it incredibly difficult for the company to turn a profit, but they weathered the storm and will be hitting the road again next month.

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