Tonight’s episode kicked off with Seven-Time Women’s World Champion Mercedes Moné making her AEW Dynamite debut!

The fans were chanting “CEO! CEO! CEO!”

“I think the women’s division—everything—here in AEW has just gotten a lot more interesting,” said Excalibur.

Mercedes Moné: “Boston, I’m home! If you guys could feel my heart right now, it’s beating out of my chest. First thing I want to say is thank you. Thank you for having my back these past two years. Thank you for giving me the courage and the strength to be here. Thank you for sticking with me through all of my lows, my highs, my milestones, my titles, my history making moments, thank you!

“And trust me, we are going to be creating so much magic, and so many moments, together. Because every single one of you, you are the reason I’m here. So, thank you. I love you guys. And if you only knew how much tonight means to me, how much this means to me, how much wrestling means to me. In so many ways wrestling has changed and saved my life.

“Wrestling has given me hopes, a place to dream. My dreams got me to lead a women’s evolution. My dreams made me to become the first ever woman to main event a pay-per-view in this very building. My dreams started when I was only 10 years old. And when I was 13 years old, I dropped out of school to take care of my brother. And I had a dream to become the greatest women’s wrestler of all time. And I want you to know, if I can do it, you can do it too.

“So, let’s get down to business. You want to know why I’m here? Because I need to be here. AEW is the only place where this revolution can be global, and we are going to make that happen. I’ve been watching week after week after week, and everyone in that locker room, I can’t wait to tear it up with you.

“But let’s start with tonight’s main event, Riho against Willow Nightingale. Now Willow, you and I have a lot of unfinished business. But right now, at Big Business. Mercedes Moné is All Elite! So, to our chairman, Tony Khan, thank you so much for that tweet, to all the AEW fans out there, please say hello to your new CEO!”

“This is going to be a moment that we never forget here in AEW,” said Tony Schiavone.

“Big Business going down in Boston,” added Excalibur.

Riho was getting warmed up backstage ahead of her match against Willow when Mercedes walked by and introduced herself.

Mercedes: “I look forward to your match tonight.”

Main Event Time!

Willow Nightingale (accompanied by Stokely Hathaway & Kris Statlander) vs. Riho!

Willow connected with a running cross body. Riho rocked Willow with a running dropkick and then clocked Willow with a knee strike. Willow walloped Riho with a dropkick off the turnbuckles!

Riho hit a diving cross body on Willow for a near fall. Riho followed up with a Northern Lights suplex, but Willow kicked out at the two-count!

“Willow hit very hard that time,” said Tony Schiavone.

Riho climbed to the top turnbuckle and went for the diving double foot stomp, but Willow dodged it! Willow sent Riho flying with a running pounce! Willow tried for a senton off the apron, but Riho moved, sending Willow crashing on the arena floor! Riho ran off the apron and walloped Willow with the diving foot stomp!

The fans chanted “This is awesome! This is awesome!”

Riho drilled Willow with a dragon suplex on the apron! Riho hit the double foot stomp again, but this time Willow kicked out at the two-count. Willow avoided a running knee strike from Riho. Willow landed a big lariat. Willow smashed Riho with the gut wrench doctor bomb and scored the pin fall victory!

After the match, the lights in the arena went dark!

When the lights came back on, TBS Champion Julia Hart was standing in the aisle! Skye Blue ambushed Willow, chop blocking her leg. Julia and Skye double teamed Willow in the ring! Skye held back Willow while Julia was about to crack Willow in the head with the TBS title when Mercedes Moné’s music hit!

Skye Blue charged up the ramp at Mercedes and Mercedes clocked her! Mercedes entered the ring and planted Julia!

“Mercedes Moné, wow, what a difference maker here tonight,” said Excalibur.

Mercedes turned her attention to Willow, and they smiled at each other, with Willow raising Mercedes’ arm.

“Great respect shown by Willow towards the CEO Mercedes Moné,” said Excalibur.

“There’s never been a better time to be a fan of AEW than right now!” added Tony Schiavone.

– We go back to the ring and out comes Kevin Owens for another must see edition of The KO Show.

Owens says it feels good to be back after being away for a few weeks. He talks about it being a rough few months for him, mentally and physically. He goes on and says it’s about never giving up, and how he will keep on fighting no matter what. Owens then introduces his guests for tonight, plugging their WrestleMania 37 match against each other and how they will challenge WWE Women’s Tag Team Champions Nia Jax and Shayna Baszler at Fastlane. Bianca Belair is out first. Fans chant “EST!” as Owens thanks her for being here. Owens introduces SmackDown Women’s Champion Sasha Banks next, reading off his cue cards. Owens says he likes Banks’ pyro. Belair and Banks take their seats. Owens thanks Banks for being here and thanks her for all the paychecks.

Owens talks about their WrestleMania 37 match and how they have a chance to make that match bigger by walking into the match with the WWE Women’s Tag Team Titles. He recalls how John Cena and WWE Hall of Famer Shawn Michaels did something similar. He says if Banks and Belair do it, it will go a long way in cementing their legacies as being two of the greatest ever. He brings up how they couldn’t beat Jax and Baszler a few weeks back. Owens believes they have some underlying issues because they do both respect each other, right? He goes on about tension between the two and wonders if there’s also some over Reginald and Carmella.

Banks interrupts and says she can’t help she looks this good and Reginald likes her. Belair interrupts and doesn’t like Banks’ attitude. She believes Reginald will be a problem for them at Fastlane. Banks hushes her and says she’s won a lot of matches, and calls herself the Michael Jordan of the women’s division, and says one day maybe Belair can be like LeBron James. They’re standing up now going back and forth on the match. Banks says she would’ve stopped Belair in the Women’s Royal Rumble if she were in it. Banks says she’s not worried about walking into WrestleMania, and out of WrestleMania, as Two Belts Banks because it will be she that beats Nia and Shayna. Belair is glad she has her eyes on the prize at Fastlane, but she’s in her own lane… the music interrupts and out come the WWE Women’s Tag Team Champions with Reginald. Owens says he did not invite them.

Tamina Snuka and Natalya vs. Sasha Banks and Bianca Belair

WWE Women’s Tag Team Champions Shayna Baszler and Nia Jax get down the ramp with Reginald when the music hits and out comes Natalya and Tamina Snuka. They march to the ring as Bianca Belair and SmackDown Women’s Champion Sasha Banks look on from the ring. Reginald, Baszler and Jax join Cole and Graves on commentary. Back to commercial.

Back from the break and Banks starts off with Natalya. Tamina takes Banks right to the corner and in comes Natalya. Snuka and Natalya are wearing matching gear. Banks and Natalya go at it. Banks with a big slap. Banks with a deep arm drag from the ropes, sending Natalya to the floor for a breather. Banks with a baseball slide under the bottom rope. Banks brings Natalya back in but stops to briefly stare at Jax and Baszler.

Jax has Reginald show off his new outfit on top of the announce table. Tamina tags in and unloads on Banks in the corner, beating her down. Natalya tags back in and stomps away to keep her down. Natalya with a snap suplex in the middle of the ring for a 2 count. Natalya grounds Banks now. Fans rally and Banks breaks free as Belair waits for a tag on the apron. Banks is pulled back but she kicks the Sharpshooter attempt away.

Belair tags in and nails a series of dropkicks on Natalya. Belair comes off the top but has to roll through. She comes right back and hits a big Spinebuster on Natalya. Reginald gets on the apron for a distraction. Belair complains to the referee but goes back to work on Natalya in the corner. Natalya fights out and levels her with the discus clothesline.

Banks comes to the announce table and confronts Reginald on top of the table. She chases him in the ring and back out. Natalya takes advantage and rushes Banks from behind against the ropes, leveling her and sending her to the floor while Belair and Tamina go at it. Belair decks Natalya but Tamina comes from behind and rolls Belair up for the pin to win.

Winners: Tamina and Natalya

– After the match, Snuka and Natalya stand tall in the ring a we go to replays. Belair yells at Banks at ringside, scolding her for causing them to lose for being distracted by Reginald. Belair storms off tot he back. Jax, Baszler, Reginald, Natalya and Snuka stand in the ring together. Reginald blows a kiss to Banks and laughs at her as Jax also laughs. Banks seethes and heads up the ramp.

– Back from the break and we see Bianca Belair and Sasha Banks arguing backstage, over the loss and Reginald’s involvement. Banks says she’s not taking the blame for the loss, and yells “Rookie!” in Belair’s face, then walks off.

WWE Women’s Tag Team Titles Match: Bianca Belair and Sasha Banks vs. Nia Jax and Shayna Baszler

We go back to the ring and out first are the WWE Women’s Tag Team Champions – Nia Jax and Shayna Baszler. Bianca Belair and SmackDown Women’s Champion Sasha Banks are in the back for an interview. Carmella’s sommelier Reginald interrupts and praises Banks. He’s off to put her a bottle of wine on ice. Belair says maybe they can toast to her decision after tonight’s victory. Banks and Belair make their entrance now.

Jax and Belair start things off, showing each other up early on. Belair gets the upperhand and Banks comes in. Belair uses Banks to take Jax down and they double team her. Baszler comes in but Belair hits a big dropkick. Baszler counters and applies an armbar but Belair fights her off and nails a shoulder tackle. Banks tags in and hits a Meteora for a 2 count. Banks keeps control until Jax levels her on the floor and brings her in for the double team. Baszler works on Banks’ arm now.

Baszler drops Banks for a 2 count. Baszler grounds Banks and levels her with a clothesline when she tries to make a comeback. Jax comes back in and drives Banks down for a 2 count. Jax grounds Banks now. Banks mounts some offense as Baszler comes back in. Banks with a crossbody from the top for 2. Banks keeps fighting for another pin attempt. Banks back-slides Baszler for another pin attempt. The Kirifuda Clutch is broken when Belair tags in. Belair and Baszler mount more offense and Banks hits a Frogsplash from the top but Baszler kicks out just in time. Banks with a big knee to Baszler as Belair comes in and hits her with the KOD. She covers for the win but Jax pulls her out of the ring.

Jax works Belair over and rolls her back in but Belair unloads with strikes. Jax blocks a KOD attempt and then drives Belair into the mat for a close 2 count as Banks breaks it up. Baszler runs in but Banks sends her to the apron, then a knee sends her to the floor. Jax grabs Belair on her shoulders but Banks tags in. Jax with a Samoan Drop to Belair.

Jax takes a top rope Meteora from Banks but still kicks out at 2. Reginald comes down with a bottle of champagne and a glass. Banks is almost distracted but she drops Jax into a Banks Statement. The hold is finally broken. Reginald hands Banks the bottle and she’s confused. The referee sees this and snatches the bottle from her. Jax takes advantage of the distraction and drops Banks with a Samoan Drop for the pin to retain.

Winners: Nia Jax and Shayna Baszler

– After the match, Jax and Banks stand tall and exit with the titles as the music hits. Reginald hits the ring and apologizes as Belair checks on Banks. The champs raise the titles on the ramp as the arguing in the ring continues.

Reginald vs. Sasha Banks

We go back to the ring and out comes SmackDown Women’s Champion Sasha Banks. Back to commercial.

Back from the break and out comes Carmella with her sommelier, Reginald. Banks takes a rose from Reginald and he tells her to kiss him on the cheek. She rocks him instead. Banks comes off the top with Reginald’s arm and tries to send him flying but he lands on his feet. Carmella talks trash from ringside. Reginald with a waistlock but Banks tries to fight free. Banks escapes and grabs him from behind now. Reginald escapes and goes to the floor. Banks charges but he leaps off the apron with a back flip, frustrating Banks. Banks with a baseball slide to kick him into the barrier. Reginald runs and leaps over the steel steps, putting on the brakes so he doesn’t collide with Carmella, who is sipping champagne. They both run back in the ring and run the ropes.

Reginald avoids disaster once again. They tangle some more until Banks nails a big bulldog. Banks talks some trash to Carmella. Banks missing running knees in the corner as Reginald moves. Banks avoids an elbow drop. Banks rolls Reginald but he kicks out. Banks counters a powerbomb with an arm drag. Banks fights in from the apron with a knee to the face. Banks goes for a top rope crossbody but he catches her. Banks sends Reginald back to the floor with an arm drag.

Banks leaps off the apron with a Meteora on the floor, right in front of Carmella. Banks knocks her glass from her hand. Banks and Reginald go back in the ring and Banks hits a Backstabber but Reginald rolls through. Banks keeps kicking him away. Banks counters and nails a Meteora. Banks. These horrible counters continue until Banks drops Reginald into the Bank Statement and he taps out for the win.

Winner: Sasha Banks

– After the match, Banks stands tall as her music hits. She tosses Reginald to the floor in front of Carmella. Banks and Carmella yell at each other as Banks stands tall in the ring.