How big of a piece WBD owns matters just as much as the dollar amount. If WBD owns 33%, that means $50 million of the reported $150 million would just be them paying themselves. It is a weird dynamic, because the more WBD gives them, the more they get back in whatever weird accounting practices they are doing.
It also has the benefit to Tony that he can keep playing make believe businessman, which is about 35% of the reason AEW even exists.
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