WWE BUSINESS: New WWE President and CRO Nick Khan talks about moving from CAA to WWE

Posted on 8/06/120 by Colin Vassallo

The hiring of Nick Khan as the new WWE President and Chief
Revenue Officer came as a shock in the industry as Khan
was very instrumental in his old position at Creative
Artists Agency, with many wondering how WWE even managed to
get their hands on him.

Khan, who will be one of the most powerful executives in the
company reporting directly to Vince McMahon, represented WWE
in the television negotiations with NBCUniversal and FOX.
Those negotiations landed WWE a combined TV deal worth over
$2 billion for five years.

In an interview with Sports Business Journal, the 45-year-
old said that last year, he and his wife were invited to a
small 50th birthday party of Paul Triple H Levesque, held
inside the home of the WWE Hall of Famer and Chief Brand
Officer Stephanie McMahon.

We looked around the room and said, Its really kind of
them to consider us friends,' he said. For a family-run
business albeit a publicly traded one it just felt
right. At that moment, I started thinking, I wonder if
theres something bigger and better to do with them.'

Khan admitted that during his 13 years as an agent, there
were other opportunities which came along but he never
contemplated any of them seriously. But, When this
opportunity emerged, it seemed like a no-brainer, Khan told

His former colleagues at CAA speaking highly of Khan and
said that he left the company on very good terms. CAA board
member and co-Head of CAA Sports Michael Levine said, Nick
is a proven leader, savvy business strategist and
exceptional team builder. From helping grow our sports
broadcasting group into an industry leader to his
collaborative contributions across the entire agency, Nick
has made a tremendous and everlasting impact.

But now, the focus shifts on WWE and while profits are huge
and the financial situation looks great, not everything is
fine and dandy in the company, especially the sinking
television ratings which will affect negotiations for a new
TV deal in a couple of years.

The first thing I want to do is figure out where the
bathrooms are, Khan joked. We all have a lot of ideas in
our head. It might be a little premature to share them in
terms of when we are going to execute those.

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