Tony Khan shuts down rumors of former WWE Superstar having an ownership stake in AEW

Ahead of this week's Rampage and Collision shows, the AEW President sat down for a media call and debunked a surprising rumor about a former WWE superstar.

Tony Khan is known to be the owner and chief booker of the Jacksonville-based promotion. However, rumors of 5-time WWE world champion CM Punk also assuming a prominent backstage position floated around. The All Elite Wrestling President never confirmed the details outright.

The rumors also snowballed into many believing Punk had a personal ownership stake in the company. During the media call minutes ago, Tony Khan shut down the reports, claiming he owned a part of the company. He further explained that Punk was a major star on the AEW roster and that the Second City Saint only wanted the company to do well.

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CM Punk recently returned to the promotion to kick off the inaugural episode of Collision. Punk also appeared on Dynamite this week, challenging the Bullet Club Gold and their allies. While the first installment was a considerable success, it remains to be seen what the future holds.

What do you think CM Punk should do next in AEW? Sound off in the comments section below!

About the author

Shubhajit is a pro wrestling journalist at Sportskeeda, reporting on WWE news. He has a Master's degree in English and has been working in his current role for over 2 years.

A fan of pro wrestling since childhood, Shubhajit decided to start creating content on the sport out of passion. Before covering a piece of news or rumor, he conducts thorough research, ensuring information in his work is reliable and completely accurate.

Although Shubhajit admires numerous pro wrestlers, his current favorite is WWE superstar Drew McIntyre. He is fond of The Scottish Warrior’s character work and innovative quips.

If there is one storyline he can work on in WWE, Shubhajit would book Roman Reigns’ future with The Bloodline following WrestleMania XL, where he lost to Cody Rhodes. He would have Reigns’ stablemates excommunicate him, laying the foundation for a gimmick change for the former. After Reigns’ exit from the faction, Shubhajit would portray him as an anti-hero trying hard to claw his way back up to the top.

Apart from reporting on pro wrestling, Shubhajit enjoys competitive gaming and reading.

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Edited by Ken Cameron