Posted on 3/19/126 by Colin Vassallo
Court documents in the ongoing TKO shareholder lawsuit
revealed that a company called Base 10, headed by AEW
President Tony Khan, bid $6.9 billion for WWE during its
sale process in 2023.
The information was published by Brandon Thurston or
Wrestlenomics for a story on POST Wrestling.
Base 10 was incorporated in 2014 and lists Tony Khan as its
sole owner, with the address registered at the stadium of
the Jacksonville Jaguars, the NFL team owned by his father.
It was noted that the offer by Base 10 was the lowest offer
WWE received. There were three other bidders for the
company, including Liberty Media (the owners of Formula 1),
a private equity firm named KKR, and the eventual winners,
Endeavor.
All parties except Base 10 were given additional and non-
public information about WWE during the sale process, likely
because of their superior offers.
WWE shareholders are suing because they feel that Endeavor
was pre-selected as the winning bid by Vince McMahon, and
other offers were not given the same importance which could
have led in a higher payout.
Both Liberty Media and KKR offers were similar and could
have surpassed Endeavor’s winning bid.
The documents also reveal that despite several rumors at the
time, the Kingdom of Saudi Arabia never made any offers to
purchase the company.