A lawsuit lodged against All Elite Wrestling (AEW) by Kevin Kelly and the Tate Twins has led to the unveiling of AEW’s parent company’s identity.
On the 6th of September, AEW found itself on the receiving end of a lawsuit lodged by plaintiffs Kevin Kelly and the Tate Twins. The lawsuit, which also implicates Tony Khan and Ian Riccaboni, revolves around talent misclassification and defamation allegations.
Wrestlenomics, a prominent wrestling news outlet, has reported that AEW, via a corporate disclosure statement, has identified Beatnik Investments LLC as its ultimate holding company.
Beatnik Investments LLC, an entity under the control of the Khan company, was previously deployed by Shad Khan, who invested a whopping million in the Black News Channel. This was highlighted in a report by Jacksonville Daily Record in 2022.
In compliance with federal court guidelines, a mandatory disclosure document was filed. It corroborates that there is no publicly-traded corporation that owns more than a 10% share in AEW.
These findings insinuate that the recent disclosures by Sports Business Journal regarding Warner Bros. Discovery’s alleged equity interest in AEW, if accurate, represents less than a 10% stake.