By Jason Powell, ProWrestling.net Editor (@prowrestlingnet)
WWE is moving the Money in the Bank pay-per-view from Allegiant Stadium in Las Vegas to the MGM Grand Arena. Mike Johnson of PWInsider.com reports that the company issued an internal memo announcing the move of the July 2 event. Tickets purchased for Allegiant Stadium will be refunded, and a special pre-sale event will be held for fans who held those tickets.
Powell’s POV: Ouch. This is the first time that WWE attempted to make Money in the Bank a stadium show. It appears as though the demand simply wasn’t there. In addition to wondering if this will make WWE reconsider the idea of MITB being a stadium show, I also wonder if this will make them leery of running big shows on holiday weekends in the United States.
Perhaps the first inkling that the “who cares about live shows they’re making bank on the TV deals” defence is showing some cracks.
This live event is part of the PLE series for Peacock. So it is important to put on a good show, and if the stadium is 3/4 empty that will definitely not look good.
The new venus is one fourth the size of the old venue.
MITB in Riyadh next year will sell out no problem.