Jim Cornette on AEW's Budget For Double Or Nothing In Nevada 

AEW is a tax write-off for Shad.

My dream is to sit at home and be paid six figures to do nothing because I don't like creative

That $50k for catering is Eddie Kingston watching the show in the back.

Tony Khan is spending WWE money and getting TNA money for profit.

A average kid with a lemonade stand makes more profit than Tony Khan.

man i’d love to “work” for this guy 😂😂😂

Ethan Page was so right to call AEW chaotic and a mess after hearing these costs

I just stated this on a different clip: people give Paul Heyman shit for being "irresponsible" and "a failed businessman" for losing 8 million dollars on ECW. That 8 million was over the life of Heyman heading the project. As in, loss over years and years. 8 million. Total. Then, I noted that someone tallied about the time where the suggestion of TNA bringing in Paul E. to run the thing that around that time, Dixie Carter had lost 8 million dollars in a single fiscal year. Tracking this, I _joked_ that Tony probably spent that in a month. I was kidding... but apparently, I was apparently re-goddamn-diculously close to reality. That's just lunacy.

I know cocaine and money laundering schemes when I hear it😂😂😂

Can u imagine as a temp worker doing security for AEW and the agency tells u ur gonna be making $500 a night instead of the usual $10/hr

This makes AEW look incompetent or a money laundering scam.

No one needs to embezzle from AEW. Tony is just spending and giving away company money like it's trick-or-treat...

Shad kahn is worth 12 billion.. and makes so much money per year he has to be thinking "I'm just paying to make my son happy" that's all i can think of.

Accountant here, i found this clip especially entertaining. Talent costs were $2MM? Flat? Round, flat numbers always make me very suspicious.

I'm 100% possible that someone is pocketing a lot of this money cause Tony Khan is a mark. He doesn't know how much anything is worth, you can buy him a can of Arizona ice tea and he'd give you a $100 bill for it, cause the mark doesn't know what the 99 cent on the can means.

I’m sure Tony loves that this is public. LOL!

Completely unrelated, but my dog I’ve had since 2012 took his last breath today, and as hard as today has been, Jim’s videos still uplift me. Thank you guys.

Local Management Services = The Mob.

There was a fan on Twitter who posted a video showing how awful the merch stand was at Forbidden Door. Turns out it's a hell of a lot worse than people thought.

Yeah, there's no way Tony only goes through $7k of "props" at a PPV.

Sounds like some Aew employees are stealing Tony blind. Good lord!!😂 Edit- after listening to all of this... hell yeah someone is stealing. That is ridiculous....

lol @ the transportation expense budget...didn't they make CM Punk get Wembley on his own (eg., left him high & dry at the airport?)? I guess the money got 'lost in transit'.

Remember Tony Khan actually gave Kota Ibushi a huge contract despite him being completely washed and broken down.

The fact that AEW Roster is getting paid to do gymnastics and stunts is "insane". Welcome to the Jungle ladies and gentlemen. 😅

The Final Countdown is a Europe song. Not Scorpions.

Money Laundering 101.....

There is a phrase in the uk. Mugging someone off, making a mug of someone, he’s a mug! These apply to tk. What a mug!

As Bobby Heanen used to say, “A fool and his money soon part.”

MJF is absolutely ruined

Did he just say the Scorpions song " the final countdown"? Don't forget the Europe song "Rock you like a hurricane".

Well, now my nose is bleeding. You can't ask me to math on a Friday night, man. That's just cruel.

They have a budget?

If tony wants to give out free money ill take it.

I believe Cornett or Bischoff said it during the review of this PPV that Tony had to drop a lot of money down to be able to pull off setting a wrestler on fire and not have the fire marshal shut everything down. I’m sure part of this is paying off the right people.

How the fuck are you spending $250k on hotels? Even if there's like 200 employees, that's $1250 a head. In Vegas rooms are like $100.

Tony Khan has still yet to make 1 cent profit and expenditure is at an all time high

"A Million Dollars!" - Cody Rhodes 🎉😂😂

At this point I think it’s going to take Tony dying to actually kill AEW.

How the fuck is Tony paying 2 million dollars for talent for 2 nights, is it to compensate for the amount the wrestlers drop each other on their necks?

“It takes a lot of money to get it up.” And you’ll need it up too at the Bunny Ranch

As ridiculous as the numbers may seem, the reality of AEW and Tony Khan is that he really just doesn't give a f*ck about how much anything is. I mean, he's a multimillionaire with "successful" businesses that pump out tens of millions yearly, on top of being the son of a billionaire who seems content with having his money spent it whatever fashion because he wants his son to be happy...or out of his way. Even though Tony should really care about his own talent taking advantage of him for a fat paycheck with minimal returns or his own shows and reputation crumbling around him, the ugly truth is that as long as TK has the money to support AEW, this is just the way it's gonna be.

Mike Mansurri(or however it's spelled) used to work for Pat McAfee for a bit. He actually seemed like a good guy, he was one of the people that tried to tell Jack Perry not to bust the window of the car.

It wouldn't be the first time the crew was used to fill out the crowd

If they paid 50 Thousand for catering, something is terribly wrong. Save money ordering Chipotle, Olive Garden, or even Panda Express. Man, thats crazy. And those hotels and transportation. I bet flying Osprey, and the NJPW guys racked up the expenses. Fly economy, purchase your own luxury bus.

Who knew you describe cocaine in so many different ways...

So they made 1 milion and spent 3 million?!

Nevada (or at least Vegas) requires you to use union stage hands and technical staff etc for productions even if you use your own crew and just have them to supervise. So that increases his cost. I recently rented a compact in SF LA and Vegas and the average cost per day was 75 USD. so I can see how the rental cost would be high. Tony really needs to control cost but I guess as long as Papa Shad's money maker keeps printing cash he doesn't care.

This is like playing Wrestling Simulator with Infinite Money Cheats

Remember the dude who so easily embezzled from the Jaguars organization for so long before being caught. Seems like loose accounting like this fits that possibility. Wonder how many others are drawing money they shouldn’t (particularly car rentals it seems!)…

That’s why some of their backstage segments are filmed in a corner of a concrete wall

This is embarrassing. Daddy might have a lot to go around, but it ain't infinite. What's he going to happen if Shad just dropped dead? Tony with a large bank account could destroy everything Shad built.

I’m a photographer…I’m about to go try to get a job with Tony

It would be hilarious if Tony was really Kevin Spacey's character in "The Usual Suspects" pretending to be incompetent, but sadly he's Kevin Spacey in real life, touching people awkwardly.

Everything's GREAT!!! Thanks guys

Do not screw up government paperwork.

I remember someone once saying Bob Carter was ok with Dixie losing money on TNA because he wanted her to stay away from the real business… same is true of Tony, his dad just wants him away from the thing that makes the family money

And yet they couldn’t get a limo for punk.

Is Miro's ex-wife still getting paid?

To be fair, and I’m not trying to be cause… AEW. This is film and TV credits. When you fill out these tax incentive forms it’s in your favor to embellish your costs most of which you aren’t really incurring. For example “camera rentals” “led boards” etc which is quite pricey… a lot of ongoing productions own those and are renting from an internal rental company same with catering etc and then charge them off as an expense when they were paid off months ago to the networks on budgets and tax incentives. It’s how reality shows do it to which is how I know this. The rentals are shuttles for crew, cast and gear -not vacation rental cars, the stage hands- that’s the teamsters -it’s a union city so you have to use them…. For most shows if you really got into it, it’s MUCH less than they are claiming. They want the salaries to be high because Nevada can tax them and you qualify for more incentives. The songs rights wouldn’t be claimed on this form. But they want to make it seem much bigger for anything. It’s how reality shows make a profit just through product and they don’t have a “gate”, merch etc.

Its like 60 bucks for a rental car along with a 300 dollar deposit on your card.

I'm no IRS agent, but this sounds like tax fraud to me.

All that money for a total of 3500 people

There's no way this company is turning a profit with costs that high.

30k for rental cars.

Brian was right about one thing; Atlanta has been aggressive in shootings. Just not the kind of shootings he meant.

They recently caught someone embezzling from the Jaguars who was doing that for years - these 2 just don’t watch their money

Heard his roster cost him 104 million dollars.

Brian, my estimation of you as a music industry guy just plummeted. The Final Countdown was done by Europe, not the Scorpions.

TGBL must've had a "Blackout" when he though The Scorps did "The Final Countdown". Or he's just "In Trance"...

"Local Management Services" really sounds like the kind of BS cover name for the local mobsters you'd have to pay off so they'd let you run the show.

More people on the crew then they do in the seats 🤣 I'm dead 💀

"It's not a business".

Khan is about to be the WNBA of professional wrestling... operating at a yearly loss, lol

The song "The Final Countdown" was made by Europe, not Scorpions.

Jacksonville is also paying Tony's dad hundreds of millions of dollars in taxpayer money for a new stadium for the Jaguars

Jim... you can zoom your browser to read the text. I'm sure Stacey would help you do it.

Jim single handedly gets aew audited. lol

26 out of 28 left AJPW to create NOAH. How many wrestlers are contracted to AEW? Over 100? 150?

"Why couldn't I have had a rich dad"-Eric Biscoff probably

Tony is just like Jordan Belfort in this one case, he sees money as "fun coupons".

I am happy, as a WRESTLING FAN, that Tony spends money like he loves to. Why complain? 😂😂

The weird part is that I think either in 2022 or 2023 the NFL player's union released a player report card where players got a chance to rate the team facilities/amenities and the Jaguars had one of the lowest ratings in the league because they spent as little money as possible on lots of things (I think they were shamed into improving things)... I wonder if the Jaguars' catering budget was a fraction of what Tony Khan spends per show for AEW

I would be curious to look at that information. If TK is spending 105 million on the talent budget per year that might be the TV rights deal per year. That's about an average of a million per person on that roster. I'd also be curious to see what their revenue for the PPV was. I know this last one he said he drew a million

LMAO AEW spending more money yet their on-screen product commentary suck if they're spending money why don't they fix that first they still look so minor league 5-years later no wonder why WWE is on fire and nobody's watching AEW 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

I love how Jim’s always putting the bunny ranch over

Now i really want to know what the budget for wrestlemainia was

Tony Khan's intro music should go like "There Goes the Moneeeey!"

Tiny Khan should buy the Greyhound Bus Company and then make Mercedes Mone the CEO and the mascot of the company, especially since she looks like one is the perfect match-up

Brian: "30,000, is that a lot?" Jim: "Jesus Christ!"

Europe wrote/sang The Final Countdown, not Scorpions

Then they brag about a million dollar gate.... The gate means shit lol drop in the bucket in terms of expenditures

"Not a real business" ~Unknown~

Tony short-changing the Teamsters, no wonder he fears for his life 😂

Looking at this tab someone somewhere has to be stealing money again

They'd be smarter if they was money laundering. 😂

Imagine being a fan of either the Jaguars or Fulham, seeing how Tony is wasting his time with AEW, all while both teams had bad/mediocre seasons.

Is it a worse look to obviously cook the books like this, or could these numbers actually be real?

Thank you Tiny Klown ❤

This is why billionaires need to be taxes 70%

There’s two options: 1) AEW is inflating numbers to get to some minimum level for the described tax credit. 2) AEW is spending ungodly amounts of money in the most unproductive fashion imaginable. Catering being $50,000 is highly suspicious unless they’re including all meals purchased over the course of the weekend. Is in-house security hired by AEW? If so, how is it possible that they are spending half the rent amount of the MGM arena on security for the building. $10,000 I could understand for two nights but 6x that amount? Utterly insane