AEW All In Texas attendance and public funding detailed in government records | Exclusive

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AEW All In Texas qualified for public reimbursement dollars through the Texas Event Trust Fund program.

According to records obtained by Wrestlenomics, the governorโ€™s office initially approved just over $1 million in combined state and local funding to help cover expenses for AEWโ€™s biggest event of the year. AEW will end up getting somewhat less than that amount though because attendance for the event at Globe Life Field in Arlington was lower than expected.

The funding approval was based on estimated attendance of 33,490, including 32,500 spectators, projected in February. After the July 12 show, officials submitted documentation certifying actual attendance at 23,759, including 21,973 spectators.

The count of 21,973 spectators reflects the number of tickets scanned for people who actually entered the venue. The number of tickets sold or distributed, which we couldnโ€™t confirm, could differ significantly. The final estimate by WrestleTix of tickets distributed was 27,245. Itโ€™s not unusual for the number of tickets scanned to be substantially lower than the number of tickets distributed or sold. Records also show 678 suite tickets were sold though only 274 were scanned for admission.

View the interactive chart

Because the certified figure is 29% below the estimate submitted five months ahead of All In, the reimbursement amount will be proportionally reduced, Arlington City Manager Trey Yelverton confirmed to Wrestlenomics.

Still, if the funding is reduced by roughly the same 29%, AEW would end up seeing around $700,000 in reimbursements, which are intended to go toward the costs of putting on All In.

The City of Arlington applied for state funding on February 4, and later that month the Office of the Governorโ€™s Economic Development and Tourism Division approved reimbursement funding based on the cityโ€™s application and an accompanying economic impact study, which projected spending from out-of-market and out-of-state visitors who would be drawn to the areaโ€™s hotels, restaurants, and other businesses. The approved reimbursement of $1,078,340 was largely based on a similar amount of incremental tax revenue anticipated as a result of out-of-town visitors spending in the area.

When anticipated attendance is more than 25% lower than the actual attendance, it triggers a proportional reduction, Yelverton said, speaking to us by phone on Tuesday. Thatโ€™s consistent with the state law governing the event program, which allows the governorโ€™s office to reduce reimbursements proportionally when actual attendance is โ€œsignificantly lowerโ€ than projected.

Yelverton said he was pleased AEW brought its major event to Arlington and was appreciative of how many people it drew from outside the area. He added that AEW has not received any of the reimbursement funding yet, which is normal. The payment process can take between six and twelve months to finalize, he said.

AEW and the Office of the Governor did not respond to multiple requests for comment for this story.

WWE has also received funding under the stateโ€™s event programs, for at least two WrestleManias in Arlington in 2016 and 2022, two Royal Rumble events in San Antonio in 2017 and 2023, and Survivor Series in Houston in 2017. WWE received just over $3 million for the 2016 WrestleMania. The 2022 WrestleMania had an adjustment, too, as WWE ended up receiving $5.2 million after initially being approved for nearly $9 million in funding.

AEW CEO Tony Khan mentioned in the post-show press conference that the attendance at Globe Life Field that night was โ€œI think close to 29,000 when itโ€™s all said and done,โ€ a number closer to the WrestleTix estimate of tickets out of just over 27,000 than the scan count of just under 22,000. In the days leading up to the event Khan said in an interview that the gate had passed $2.5 million and that he expected to surpass $3 million.

The cityโ€™s application listed several associated events that were seemingly slated to take place in the Arlington area but were never announced. The July 11 Ring of Honor Supercard of Honor show did happen at Esports Stadium. And the Starrcast convention took place at the Sheraton hotel. But also listed in the application were CMLL and New Japan events, as well as at least one music event, all of which apparently didnโ€™t make it past planning stages.

Listing of events included in the application for funding for AEW All In under Texasโ€™s Event Trust Fund program

The list suggests plans that wouldโ€™ve had the week of All In further resemble a WrestleMania week. A โ€œLucha Libra Resurgenceโ€ [sic] CMLL show was listed for Esports Stadium on the Thursday evening before All In.

Then, Friday was to include an โ€œAEW: Music Showcastโ€ at CBD Kratom Backyard, a concert venue close to Globe Life Field. The event would’ ha’ve featured Fozzy โ€” Chris Jerichoโ€™s band โ€” and โ€œSwerve,โ€ almost certainly referring to Swerve Strickland, whoโ€™s also a rapper.

For Saturday morning, โ€œNew Japan Pro Wrestling: Strong Styleโ€ was listed for Esports Stadium. Then later in the day, an AEW fan fest and live Collision event at the Backyard were to take place, just before All In. Collision ultimately aired live from the Curtis Culwell Center in Garland, about an hour drive from Arlington, on the Thursday after Dynamite aired live from the same venue the night before.

We couldnโ€™t confirm whether the unannounced events were affected by ticket sales for All In, but alongside the attendance estimate that was ultimately 29% too high, the details suggest expectations outpaced demand.

Thereโ€™s plenty of data, however, to show that thousands of fans travelled to the area to attend All In. Government records indicate at least 6,258 fans came from outside Texas and at least another 4,628 came from elsewhere in Texas but outside the local market. Those figures are almost certainly higher because 5,255 spectatorsโ€™ residences couldnโ€™t be determined.

The data submitted to certify the attendance and justify the reimbursement funding offers a glimpse into the โ€œtraveling wrestling fanโ€ phenomenon, showing how far attendees came to see All In.


Attendees from 49 of the 50 U.S. states (Wyoming, the least populated state, was left out), Puerto Rico, and Washington D.C., were accounted for. Fans from at least 23 different countries attended. After the U.S., leading countries were Canada, Mexico, the U.K., and Australia.

This isnโ€™t the first time AEW has received government subsidies for events. AEW was projected to receive a $373,388 tax credit related to Double or Nothing 2024 and the accompanying Collision. And the company received a tax credit worth $2,134,560 for events in Ohio.

A contract with the City of Arlington says that AEW paid $23,000 to rent the city-owned Esports Stadium, where the ROH pay-per-view took place and which the company occupied from Thursday to Saturday. Drafts of the venue agreement show AEW proposed a variety of changes to the contract, which ultimately were not a part of the executed contract but highlights the companyโ€™s efforts to control information.

AEW sought to insert provisions that wouldโ€™ve committed the city to keep secret any attendance information and help AEW make trade secret claims if there was a legal requirement to publicly reveal the numbers.

The suggested confidentiality clause would have the city agree โ€œnot to publish or disclose attendance figures, turnstile counts, drop counts, ticket numbers, revenues, box office receipts,โ€ and similar information, except when disclosure would be legally unavoidable. Even then, AEWโ€™s language wouldโ€™ve bound the city to notify the company in advance and assist in claiming that AEWโ€™s attendance information is a trade secret under Texas law.

Another suggested clause would have sent legal disputes, if there were any, between AEW and the city into private binding arbitration instead of public court. Like with at least some of its talent contracts, AEW wanted its counterparty to waive its right to a jury trial and handle litigation only in private, with AEWโ€™s chosen arbitration provider, JAMS.

Those clauses didnโ€™t make it into the final version because, Yelverton told us, agreeing to it wouldnโ€™t have complied with state law. Texas statutes establish limits under which government entities can resolve disputes in arbitration.

โ€œThat is not an unusual request we receive,โ€ Yelverton wrote to us by email on Wednesday, โ€œbut it is an easy response because it is not allowed under state law.โ€

The full language of the suggested arbitration clause may give us insight into AEWโ€™s preferred language for these kinds of agreements that aim to keep lawsuits hidden from public view.

ARBITRATION. All disputes between the Parties, including, without limitation, any dispute relating to any matter arising under this Agreement or any dispute concerning the performance, application or interpretation of any provision of this Agreement (including, without limitation, the application of this arbitrability clause to any dispute), shall be resolved for final, binding, and conclusive arbitration conducted before a single arbitrator in Tarrant County, Texas and administered by JAMS, Inc. pursuant to its Comprehensive Arbitration Rules and Procedures. Provided, however, that nothing in this provision is intended to require arbitration of any claims or disputes that cannot be arbitrated or subject to pre-dispute arbitration agreements under controlling federal or state law, including as provided under the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act. Judgment may be entered on the arbitratorโ€™s award in any court having jurisdiction and the sole grounds on which the arbitratorโ€™s decision may be appealed are those set forth in the Federal Arbitration Act, 9 U.S.C. ยง10(a). THE PARTIES EACH HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.

The suggested clause included a carve out acknowledging that the relatively new Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act prohibits predispute arbitration agreements in cases of sexual misconduct.

Other suggested edits also not part of the executed agreement show AEW sought full control of event-related sponsorships. AEW also wanted to write in a favorable merchandise split, getting 80% of sales, and 90% for certain items, including media, replica belts, masks, and autographed items.

Yelverton said revenue splits were removed because itโ€™s their longstanding business practice at the venue for the city to retain all revenues from concessions they sell.

Yelverton explained they do, though, allow leaseholders like AEW to retain all revenues from ticket sales and concessions that they sell, like merchandise.

โ€œWe do sometimes receive similar requests, but our practice effectively predetermines the revenue split so that the event and city facility both have opportunities to capture event revenue,โ€ he added.

Emails between AEW staff and City of Arlington personnel obtained through our public records requests indicate AEW is loosely scheduled for a residency at Esports Stadium, possibly overlapping January and February 2026, as we previously reported.


Brandon Thurston has written about wrestling business since 2015. He operates and owns Wrestlenomics.


Reddit sentiment for WWE and AEW and how it correlates with attendance trends

This analysis of comments from Redditโ€™s most active wrestling community, r/SquaredCircle, provides two key insights.

  • WWE was the dominant topic on the subreddit in recent years, but AEWโ€”despite WWEโ€™s lead in television viewership and other more broad metricsโ€”approached WWE in comment volume with this fan community in some months.
  • AEW-related comments were more positive than WWEโ€™s for several years, but that sentiment advantage began declining in mid-2022 and disappeared by mid-2023.

We shouldnโ€™t mistake r/SquaredCircle users for an ideal cross-section population that proportionately reflects the consumer wrestling market, but the user base is large and meaningful insights can be gathered from a study like this while bearing in mind that the community is evidently skewed toward highly-engaged fans.

The first chart below shows the monthly count of comments containing selected keywords assigned to either WWE or AEW. While WWE consistently generated more comments, AEWโ€™s presence in the subreddit was substantial, with notable increases that coincided with major events or news stories.

Open the interactive chart in a new tab

Itโ€™s unsurprising that we find the highest monthly volume for comments related to WWE was in April 2019, the month of that yearโ€™s Wrestlemania. And the highest single month for AEWโ€™s comment volume was August 2021, the month that CM Punk debuted in the company.

The second chart measures the compound sentiment of those comments, scored using VADER Sentiment Analysis (no relation to Leon White).

Between late 2019 and mid-2022, AEW-related comments were substantially more positive than WWE-related comments. But that gap began narrowing steadily in mid-2022, and disappeared entirely by mid-2023, based on a twelve-month moving average. The sentiment for both WWE and AEW on the subreddit remained remarkably close thereafter and AEW was closing the gap as 2024 ended.

Open the interactive chart in a new tab

While r/SquaredCircle users are probably disproportionately engaged wrestling fans, the trajectory of sentiment over timeโ€”rather than any individual score on its ownโ€”is where the more meaningful insights of this study are found.

WWEโ€™s lowest month for sentiment was October 2019, possibly related to the poorly-received Hell in a Cell pay-per-view. Notably, none of the key months in which Vince McMahon-related news emerged were in the running for lowest monthly sentiment for WWE: months like June 2022 (when news first broke), July 2022 (when he first resigned), January 2023 (when he returned), and January 2024 (when he resigned again). However, February 2024 is noticeably down, which makes sense as his resignation and news of the Janel Grant lawsuit broke in late January. Still, there were a number of other months in WWEโ€™s recent past that measured lower.

The low point for AEW is in April 2024, the month the company decided to air security footage from months prior of CM Punk scuffling backstage with Jack Perry, the moment that led to Punkโ€™s firing. The highs for either are less predictable, at least to me. For WWE, itโ€™s June 2023, a month that contained the well-received Money in the Bank in London. The high month for AEW is June 2022, which contained the well-received first Forbidden Door pay-per-view.

Since I havenโ€™t personally pored over the multitude of comments involved, the events I point to above are simply my intuitive suggestions, and itโ€™s possible that entirely other events played heavily into these monthly results.

Beyond those outliers, probably more insightfully, this analysis also highlights change in sentiment over the course of months and years.

The results of this analysis support a general conclusion that may already be plain to those closely following the industry: optimism around AEW was strong through mid-2022, at which point sentiment reversed course. Meanwhile, sentiment around WWE improved steadily, however, not strictly inversely to the direction of AEW sentiment; WWE sentiment began trending upward beginning in late 2020.

Perhaps contrary to a reputation for negativity among wrestling fans who frequently engage in discussion online, there was never a month in this studyโ€™s 75-month timeline when average sentiment for either company was negative.

Why r/SquaredCircle?

r/SquaredCircle has over 1 million users subscribed. Multiple thousands of accounts are often simultaneously active, according to Redditโ€™s interface. While itโ€™s important to acknowledge that an individual person may operate multiple accounts, the dataset used here was large, measuring about 5 million comments over a period of just over six years.

How did you get this data?

The data for ostensibly every comment in r/SquaredCircleโ€™s archive through the end of December 2024 is available through Academic Torrents, which was relied on for this study. Academic Torrents is a non-profit data-sharing platform that hosts large public datasets, not limited to Reddit data, for academic and research use. The website is supported by university researchers and is used in many academic studies.

I started this study by downloading a 72.1 gigabyte JSON file that contained comments posted to the subreddit from 2012 through 2024.

For this project, in favor of focusing on recent wrestling history since the introduction of All Elite Wrestling, October 1, 2018, was selected as the starting point, so that we may account for any early discussions related to what would become All Elite Wrestling, even though AEW wasnโ€™t formally introduced to the public until a few months later.

What the data looks like

More than 40 million comments on the subreddit from October 1, 2018, to December 31, 2024, were narrowed down to a total of 4,992,343 comments which could be clearly assigned to WWE or AEW based on selected keywords (which are listed in the next section). 3,611,620 comments were mutually exclusively assigned to WWE and 1,380,723 to AEW.

Of those comments, the WWE comments were written by at least 145,752 unique accounts and the AEW comments were written by at least 84,543 unique accounts. That doesnโ€™t include an unknown number of accounts that were marked โ€œ[deleted]โ€ (presumably because the account was deleted sometime later) by the time the data was collected by Academic Torrents. Among comments assigned to WWE, the median number of comments per account was 3; the average was 24.2. Among comments assigned to AEW, the median number of comments per account was 2; the average was 16.0.

Among the unique accounts identified, 69,372 accounts submitted both WWE and AEW comments. That entails that 47.6% of WWE commenters were also AEW commenters. And 82.1% of AEW commenters were also WWE commenters.

How did you determine what comments were related to AEW or WWE?

The keywords used to identify AEW- and WWE-related comments were carefully but arbitrarily chosen to focus on the companies themselves, their executive leaders, and their major branded programs, rather than attempting to catalog every wrestler or personality.

  • AEW keywords: ‘aew’, ‘all elite wrestling’, ‘dynamite’, ‘collision’, ‘rampage’, ‘double or nothing’, ‘all out’, ‘all in’, ‘forbidden door’, ‘tony khan’.
  • WWE keywords: ‘wwe’, ‘raw’, ‘smackdown’, ‘nxt’, ‘wrestlemania’, ‘royal rumble’, ‘summerslam’, ‘triple h’, ‘levesque’, ‘nick khan’, ‘hhh’, ‘mcmahon’, ‘vince mcmahon’.

To avoid ambiguity, as each commentโ€™s sentiment was analyzed as a whole and not in part, any comments that contained a keyword from both the WWE and the AEW lists were not included in the data analyzed here.

In the cases of “rampage” and “collision”, those words were only counted beginning on June 1, 2021, and April 1, 2023, respectively, just a few months before those AEW television programs debuted. Including these words earlier may have caused comments to be erroneously identified as AEW-related.

Adjustments also had to be made for keywords โ€œcollisionโ€, โ€œforbidden doorโ€, and โ€œdynamiteโ€. The former two inherently carried a general negative value (think โ€œforbiddenโ€ having a negative connotation) and โ€œdynamiteโ€ carried an inherent positive value. All WWE keywords and all other AEW keywords used in this study had a neutral inherent value.

Sentiment over time for all the selected individual keywords can be compared using this interactive chart:

Open the interactive chart in a new tab

Why not include wrestlersโ€™ names in your keywords?

The intent of this study was to identify comments where sentiment was likely directed toward the company, its leadership or its major programming, rather than isolated performers or storylines.

AEW and WWE have large and changing rosters. Some wrestlers (including high-profile ones like Cody Rhodes and CM Punk) appeared with both companies during the timeline. Maintaining a current, non-overlapping list would have added complexity without proportionate analytical value.

Furthermore, the nature of fandom around individual wrestlers posed a risk of distorting the results. Fans often develop intense, personal investment in specific wrestlers, leading to sentiment that reflects excitement, frustration, or loyalty toward individual talent rather than broader opinions about the company itself. Including wrestler names would have shifted the analysis away from the intended focus โ€” measuring sentiment toward AEW and WWE as organizations โ€” and toward capturing volatile reactions to the careers, performances, or booking of particular performers.

How did you determine whether the sentiment of a comment was positive, negative, or neutral?

Sentiment analysis was calculated using VADER Sentiment Analysis, which has been used in numerous academic studies.

VADER (which stands for Valence Aware Dictionary and sEntiment Reasoner) is a rule-based sentiment analysis tool thatโ€™s specifically designed for social media text that often consists of short comments and informal language. VADER assigns each comment a compound score, ranging from -1.00 (extremely negative) to +1.00 (extremely positive) based on the presence of words and phrases found in VADERโ€™s manually curated sentiment dictionary, combined with intensity modifiers like punctuation and capitalization.

In simpler terms, VADER has a list of thousands of words that people usually think of as positive or negative. For example, words like โ€œgreatโ€ or โ€œamazingโ€ make a given score higher. Words like โ€œterribleโ€ or โ€œboringโ€ lower the score. The tool also accounts for things like exclamation points, all caps, or adverbs like โ€œveryโ€ that are used to express stronger feelings. All the words in a given comment were taken into account and their sentiment values added up (hence โ€œcompound scoreโ€) to decide whether a sentence measured as positive, negative, or neutral overall.

What the data tells us

These findings reflect a broader reality thatโ€™s emerged in the wrestling industry over the last several years, this data aside: namely, that AEWโ€™s favorability with engaged fans rose through 2022 before entering a sustained decline thereafter, while WWEโ€™s favorability increased in recent years. That story is supported by other metrics including TV ratings and live event attendance.

While the correlation isnโ€™t overwhelmingly lockstep, this analysis supports a notion that trends in online fan sentiment, when measured across a forum as large and active as r/SquaredCircle, are meaningfully related to trends in these wrestling companiesโ€™ consumer-driven businesses. That relationship may seem intuitive to those unacquainted with how wrestling fans are often perceived by those inside and outside the business, but itโ€™s a notion often dismissed. When sentiment is tracked systematically and at scale, though, rather than through anecdotes or viral reactions, it begins to actually align with trends in attendance and possibly other engagement metrics.

This is more evident in AEWโ€™s case.

While a sample of just fourteen data points limits the ability to draw firm predictive conclusions, linear correlation is applied here to impose a strict, quantitative test on the relationship.

Quarterly averages show a strong linear relationship between sentiment toward AEW measured here and attendance of its weekly television events (Dynamite, Collision, and Rampage). The correlation is high (R=0.8218), and the coefficient of determination (Rยฒ=0.6754) suggests that about 68% of the variation in AEW attendance can be statistically explained by changes in sentiment within this community.

Open the interactive chart in a new tab

Open the interactive chart in a new tab

The correlation for WWEโ€™s weekly TV events (Raw and Smackdown) is weaker (R=0.6840, Rยฒ=0.4679), but far from random. WWEโ€™s higher baseline attendance and more entrenched brand might insulate it from swings in sentimentโ€”or maybe AEW fans are just more online than WWE fans.

But itโ€™s notable that while WrestleTix estimates of tickets distributed for Raw and Smackdown have sequentially continued to increase (and doing so despite rising ticket prices), sentiment for WWE on r/SquaredCircle peaked in mid-2023.

Open the interactive chart in a new tab

Open the interactive chart in a new tab

Of course, correlation doesnโ€™t establish causality. Fan sentiment doesnโ€™t by itself drive attendance or ticket sales, nor would I suggest attendance strongly shapes sentiment (though there may well be something to the notion that a wrestling event in front of a big crowd adds to a wrestling fanโ€™s positive experience). Nonetheless, this study does point to a significant conclusion: online sentiment, when measured at scale and averaged over time, moves in alignment with at least some key business indicators.

The suggestion here isnโ€™t that online sentiment entirely predicts business outcomes in the wrestling industry. Thatโ€™s especially so when contrasting against business-to-business revenue streams like guaranteed media rights payments. But the sentiment of a large fan community like r/SquaredCircle, when measured over time and at scale, canโ€™t be easily dismissed and may be a meaningful signal.

This article was also published for Wrestlenomics subscribers. Signup now on Patreon or Substack to unlock access to paywalled and ad-free reporting and analysis on the business of pro wrestling.



Brandon Thurston has written about wrestling business since 2015. He operates and owns Wrestlenomics.


WWE Royal Rumble 2023: San Antonio paid over $500,000 in site fees and incentives, contract discloses

The City of San Antonio gave WWE more than $500,000 in value, including a $250,000 cash site fee, to bring the Royal Rumble to the Alamodome in 2023, according to government records obtained by Wrestlenomics. The exact value was estimated ahead of time to be $546,710.74. Ultimately, San Antonio submitted expenses totaling $575,415.98 to the Texas Governorโ€™s Office for reimbursement.

That dollar figure is on par with the $500,000 reportedly provided to WWE by the St. Pete-Clearwater tourism organization for Royal Rumble earlier this year, just outside Tampa. The return to the local economy is multiple times the investment if economic impact studies commissioned by interested parties can be believed. While touting it won the bid for this yearโ€™s Rumble, the St. Pete-Clearwater organization told media that the San Antonio event the year prior provided local economic benefits totaling $69 million. After this yearโ€™s Rumble, the same organization said it returned $47 million to the area near Tampa.

TKO executives have routinely named site fees paid by local governments as a major growth opportunity for the parent company of WWE and UFC.

Public knowledge of WWEโ€™s site fees is limited as TKO doesnโ€™t disclose those details in its public filings. Las Vegas will pay $5 million for Wrestlemania next year, about ten times the going rate for WWEโ€™s second-biggest annual event. Vegas paid $300,000 for Summerslam in 2021, plus covering another $30,000 in marketing costs. Puerto Rico paid $1.5 million for Backlash in 2023, plus free use of the venue. Cardiff provided about $2.8 million for Clash at the Castle in 2022. $5.2 million in costs and fees were covered for Wrestlemania in 2022 in Arlington.

After months of effort to obtain the contract between WWE and San Antonio, the document was released to us on Friday in response to our public records request to the Office of the Governor.

Read the documents for yourself:

The agreement’s release has been the subject of multiple reviews from the Texas Attorney General, with both WWE and the San Antonio government claiming the contract constituted a trade secret. 

Additionally, whether the contract should be published is the central issue of a lawsuit WWE filed against the Attorney Generalโ€™s Office in February. That lawsuit, as of Tuesday, is still ongoing, despite the release of the agreement by the Governor’s Office. 

On Monday we emailed WWE and its attorney for the case, asking if the lawsuit will continue, and if so, for what purpose. Weโ€™ll update this report if they respond.

San Antonio first argued in March 2023 to the state Attorney General that publishing the WWE agreement would hurt the cityโ€™s ability to compete for similar events.

โ€œ[T]he City regularly competes against other venues nationwide for both the ability to host WWE events and other high-profile events at the Alamodome,โ€ which is owned and operated by the city. โ€œIn such highly competitive selection processes, the Cityโ€™s competitors would gain a tremendous advantage if they gained access to [the venue contract related to Royal Rumble 2023] requested by Mr. Thurston. Disclosing such details, including event-specific pricing structures and revenue splits, could give an advantage to any of the Cityโ€™s competitors and result in another municipality, organization or facility undercutting the Cityโ€™s future bids and taking its business.โ€

The first of three rulings from the Attorney General came more than a year ago, on Apr. 28, 2023. The Assistant AG who ruled on the case found the cityโ€™s arguments persuasive:

โ€œ[W]e find you have demonstrated the city has specific marketplace interests and may be considered a โ€˜competitorโ€™ for purposes ofโ€ the exception to the Texas Public Information Act that allows certain information related to competition or bidding to be withheld. โ€œWe also find you have demonstrated release of the submitted information would give advantage to a competitor or bidder.โ€

Records disclosing the 2023 Rumbleโ€™s ticket sales and attendance were released to us earlier, though, by San Antonio and reported on by this outlet at the time. The event drew a $7.3 million gate from 44,569 tickets sold. The announced attendance of 51,338 was exaggerated at WWEโ€™s urging to include capacities of empty suites and security personnel outside, emails between WWE and Alamodome personnel indicated. Due to the AGโ€™s ruling, information about the site fee wasnโ€™t released.

It seemed like that was the end of the story. But the issue of publishing WWEโ€™s contract with the Alamodome, which would disclose the site fee and other incentives, came before the Attorney General again when the contract was requested by an organization doing research for a plaintiff suing WWE. That request was possibly related to the MLW antitrust lawsuit against WWE, but MLW CEO Court Bauer denied knowledge of the request when we asked him about it in February.

The AG reviewed again whether the contract should be released and, on Jan. 17, reversed its previous ruling.



The same Assistant AG who made the earlier ruling, Michelle Garza, wrote that the contract actually didnโ€™t meet the exception related to competitive bidding because the law says that exception doesnโ€™t apply to records related to government spending โ€œfor a parade, concert, or other entertainment event paid for in whole or part with public funds,โ€ a description that seems to fit the Royal Rumble event.

Still, WWE had also argued the contract shouldnโ€™t be released, claiming the agreement met the lawโ€™s exceptions both as a trade secret and as proprietary information, and that the wrestling company would suffer โ€œsubstantial competitive harm.โ€

But the AG ruled that those arguments from WWE failed, pointing to the section of the law that says contracting information, with few exceptions, must be released.

โ€œUpon review, we find the submitted information is either subject to section 552.0222(b) [the section of the law specifying that contracting information must be disclosed] or WWE has failed to provide specific factual evidence demonstrating the information at issue is confidential under section 552.110(b) or section 552.110(c) [the sections of the law that defines cases in which trade secrets and proprietary information may be withheld from disclosure].โ€

โ€œThe submitted information must be released,โ€ the ruling concluded.

The lawsuit related to the request had been settled since the request โ€” consistent with the timing of the MLW-WWE antitrust settlement โ€” but because there was an earlier requestor, namely, this outlet, the information therefore had to be released by San Antonio to Wrestlenomics within 30 days. The only step WWE could take to stop the release of the contract was to sue the AG. So they did.

Does the contract reveal what WWE said it would?

On Feb. 16, WWE filed a petition against Attorney General Ken Paxtonโ€™s office. The lawsuit alleged that the contract now published in this report contains trade secrets, which the Texas Publication Information Act allows to be withheld.

WWEโ€™s attorneys from Holland Knight also argued the contract contained proprietary information that also gets a legal pass from having to be released, including because the document โ€œdetails the names of individual WWE employees andโ€ฆ information about the WWEโ€™s pricing methodology, internal operations, and negotiated terms, among other things.โ€

โ€œThis internal information pertains to the our [sic] financial terms with venues, ticketing information, and staffing details, including names of employees,โ€ WWEโ€™s Executive Vice President of Talent Relations and Head of Global Communications, Chris Legentil wrote in a sworn declaration that was part of the petition. โ€œThe Agreement reveals WWEโ€™s proposed percentage splits, fee structures, waivers and reimbursements to the venue, and comparables, and the Royal Rumble’s estimated value and economic impact.โ€

โ€œIf this information was made publicly available and Brandon Thurston was permitted to publicize our financial information and negotiated terms on Wrestlenomics, WWE would lose our bargaining power in negotiating all of our live events and much of the value of a bidding process for venues,โ€ Legentilโ€™s declaration concluded.

The text of the contract reflects some of WWEโ€™s descriptions of it in the petition. In other respects, the company seems to have overstated whatโ€™s in the agreement.

To WWEโ€™s claim that โ€œproposed percentage splitsโ€ and โ€œfee structuresโ€ are in the agreement, the contract does show that the city got a small cut of ticket sales: 50 cents per ticket to help cover transit services and traffic safety costs; $3 per ticket to help offset operational and maintenance costs; and $2 per ticket as a ticket service fee. The average ticket sold for $164. 

WWE also gave the city 15% of the sales of โ€œnoveltiesโ€ which seems to refer to all WWE venue merchandise sales.

In exchange, the city provided the $250,000 site fee and covered many other costs including the production expenses required for the setup and tear down of the event, security, ambulance services, catering, telecommunication services, and other costs.

Itโ€™s unclear what WWE refers to when it says โ€œcomparablesโ€ are revealed in the contract. That word doesnโ€™t appear in the text. We wrote to Legentil and WWEโ€™s attorney Tricia DeLeon on Monday, asking for clarification but have yet to hear back.

Despite WWEโ€™s claim that the document โ€œdetails the names of individual WWE employees,โ€ the only employee name in the contract is that of former Live Events EVP John Porco, because he was WWEโ€™s signatory to the agreement. Porco reportedly left the company in February.

The estimated value of the Royal Rumble could be surmised from the terms of the agreement, but the contract doesnโ€™t clearly define the Royal Rumble as having a specific monetary value or economic impact. As mentioned, a specific dollar value of the economic impact for San Antonio of this specific event was revealed by the St. Pete-Clearwater tourism board in media reports this year, $69 million. That report was published on Jan. 29, more than two weeks before WWE filed its petition, which included the economic value of the Royal Rumble as information that needed to be withheld to prevent harm to the company.

How the 2023 Royal Rumble contract was finally publicly released

In the course of learning more about WWE events that have benefited from government subsidies, I learned more about the Texas Governor’s Officeโ€™s Event Trust Funds Program. WWE benefited from that program previously for Wrestlemania events in Dallas and Arlington in 2016 and 2022. I realized it was likely then that the Royal Rumble in San Antonio also benefited from the program. And if so, the Governor’s Office โ€” not just the City of San Antonio โ€” had records related to the 2023 Rumble.

So I sent the Governor’s Office a records request on Apr. 20. I noted for transparency that the information at issue was the subject of a lawsuit.

Unsurprisingly, the issue went to AG review again.

WWE, the Governor’s Office, and San Antonio all argued to the AG that the contract shouldnโ€™t be released. They cited not only the same exceptions that were previously rejected but new ones for the AG to consider.

The Governor’s Office argued the contract met the common law privacy exception because the release of the agreement would be โ€œhighly intimate or embarrassing, the publication of which would be highly objectionable to a reasonable person andโ€ฆ not of legitimate public concern.โ€

This exception is usually applied to information like medical records or marital or divorce records. Or personal โ€” but usually not business โ€” financial information. The 1976 Texas Supreme Court case the Governor’s Office cited, Industrial Foundation of the South v. Texas Industrial Accident Board, concerned medical information and the names and addresses of injured workers.

WWEโ€™s attorneys agreed and wrote to the AG that common law privacy applied to the companyโ€™s contract with San Antonio.

โ€œThe financial terms WWE seeks to protect fall within this common law standard,โ€ DeLeon wrote, representing WWE. โ€œThe terms represent crucial negotiated information that would expose WWE in future negotiations with other parties and reveal closely held financial information about a private company. Further, these negotiated terms are not of legitimate concern to the public. The requestor in this case [Wrestlenomics] is interested only in uncovering WWEโ€™s private information, not in pursuing transparency from a governing body.โ€

I submitted a letter to the AG for Wrestlenomics in response, denying WWEโ€™s attorneyโ€™s claim that this outlet was not pursuing governmental transparency.

I wrote: โ€œReporting what San Antonio paid for the โ€˜Royal Rumbleโ€™ is crucial for the citizens and taxpayers of San Antonio and potentially for all Texans if state funds were used. Transparency in event pricing benefits municipalities and citizens more broadly, who may negotiate with WWE for future events.โ€

The latest ruling was completed on Jul. 25 by Assistant Attorney General Anastasia Broadfoot.

โ€œWe note common-law privacy protects the interests of individuals, not those of corporate and other business entities,โ€ Broadfoot wrote in her ruling.

She allowed the Governorโ€™s Office to withhold certain information referred to in non-public exhibits unavailable to us by nature of the review process.

โ€œHowever, we find WWE has failed to demonstrate that any of the remaining information is highly intimate or embarrassing and of no legitimate public interest,โ€ Broadfoot’s ruling stated. โ€œAccordingly, the governorโ€™s office may not withhold any portion of the remaining information under section 552.101 of the Government Code in conjunction with common-law privacy on behalf of WWE.โ€

When we asked for the release of the information from the Governorโ€™s Officeโ€™s Public Information Coordinator, Assistant General Counsel Kieran Hillis, he initially said that on Aug. 8, he would provide us with the documents that were ordered to be released. But on Aug. 8, Hillis wrote to us again by email saying, โ€œWe are unable to determine whether certain documents responsive to your request may be lawfully released based upon [the Jul. 25 ruling],โ€ and that his office needed to seek clarification from the AG.

Last Friday, the last business day before the Governorโ€™s Office would have surpassed the 30-day limit within which it would either have to release the information or the office or WWE would have to sue the Attorney General, Hillis sent us a PDF that included the contract.

We contacted Legentil, DeLeon, and the City of San Antonio to request comments for this report. Weโ€™ll update this article if they respond.


Brandon Thurston has written about wrestling business since 2015. He operates and owns Wrestlenomics.