Yesterday, WWE held the Crown Jewel premium live event at the Mohammed Abdu Arena in Riyadh, Saudi Arabia. Roman Reigns, Seth Rollins, Rhea Ripley, and Iyo Sky retained their championships at the show.
Kairi Sane made her return during the WWE Women’s Championship match and helped Iyo defeat Bianca Belair. Logan Paul won his first championship in WWE at Crown Jewel. Solo Sikoa got his biggest win in WWE at the show, defeating John Cena in a dominant fashion.
In 2018, WWE and the Saudi Arabian Government signed a ten-year deal to hold two events a year in the country. The deal is very lucrative for WWE.
Brandon Thurston of Wrestlenomics stated on X that the company will receive more than $50 million for this PLE alone. Thurston added that WWE earns three WrestleMania worth of ticket revenue by doing one event in Saudi Arabia.
“The Saudi government will pay WWE $50M+ for today’s #WWECrownJewel, the price for each event that’s part of their 10-year deal.
$50M is equivalent to about 3 Wrestlemanias-worth of ticket sales.”
WWE generated $52 million in profit for the second quarter this year.