AEW CEO Tony Khan says he wants to keep company private to pass it down to his kids

All elite struggles, the Upstart Professional Wrestling League, will, according to founder and co-owner Tony Khan, remain a private family business instead of pursuing a first public offer.

Khan told CNBC Sport that he was not interested in becoming public because he wants to pass on the competition to his children – who have not been born yet.

“I want to build,” said 42-year-old Khan. “I am still a relatively young director and once, I would like to have a family, and hopefully they can work in the company. It is a family business.”

AEW has grown in recent years, stimulated by a new TV and streaming deal with Warner Bros. Discovery. The competition competes with TKO Groups WWE for talent.