20 Years Ago WCW gets sold to Cokeboy for $2.5 Million

[Elim Garak]

WWE didn’t tell the whole story on those contracts. Vince had the option to buy the contracts off Time Warner but felt that what they were being paid wasnt worth it. If he had bought those contracts they would have been contractually obligated to appear on WWE television ASAP. They weren’t even long term contracts, almost all of them expired within the next 6 months.

Booker T opted out of his WCW contract to get beat up by Stone Cold every week for less money

Think about that, Vince threw all of that money into the XFL but wouldn’t pay Goldberg & Sting for 6 months to run the greatest angle of all time.

Jr expounded on this though they would have been making more than many of the top wwf guys and they didn't want to create that locker room dynamic.

 

[Reality Check]

Think about that, Vince threw all of that money into the XFL but wouldn’t pay Goldberg & Sting for 6 months to run the greatest angle of all time.

XFL ceased operations about a month and a half after they purchased WCW and Vince supposedly lost about $40 million from the XFL I'm sure at that point, with the talent they had on the roster already and the talent they initially inherited from WCW and ECW, they wanted to see what they had first (at a cheaper price) before breaking the emergency glass to sign Hogan/Hall/Nash/Goldberg/Steiner

 

[Flex Luger]

I always felt they should’ve went ahead with the WCW reboot instead of ECW.

 

[supertrekker]

2.5 million is crazy when you think about it, off the library alone I bet if impact was ever sold it would be for more than 2.5 million

You think TNA is valuable to wrestling's history

 

[Flex Luger]

You think TNA is valuable to wrestling's history

Uh it is

 

[Elim Garak]

I always felt they should’ve went ahead with the WCW reboot instead of ECW.

Ecw reboot only failed because they decided to make it the wwe lol. Those one night stands and the other specials they did along with parts of the early episodes got good ratings.

 

[SpacelySprockets]

You think TNA is valuable to wrestling's history

 

[Jello Biafra]

Jamie Kellner hated pro wrestling so much that he sold WCW for peanuts so he could turn TNT into a scripted dramatic TV show destination like HBO that just ended up being shows like The Closer and Rizzoli & Isles.

 

[patscorpio]

what could have been..vince could have ran that shyt as its own separate promotion..could have had angles upon angles but he had to get that victory lap lol

 

[JerseyBoy23]

Jamie Kellner hated pro wrestling so much that he sold WCW for peanuts so he could turn TNT into a scripted dramatic TV show destination like HBO that just ended up being shows like The Closer and Rizzoli & Isles.

He almost cancelled Freakazoid and Animaniacs so he basically ruined my childhood.

Edit: Also cancelled

 

[thaKEAF]

What’s crazy is it they lasted another two maybe three years they would’ve weathered the storm. Austin and Rock wouldn’t be full time again after 2001

 

[Max.]

Ecw probably sold for 7k and one those food coupons books kids sell in school

 

[Vice Queen]

I remember I called my friend to tell her the news.

 

[supertrekker]

Uh it is

Explain their history. They started up when wrestling was on a downturn. Attitude Era was almost done and wrestling's peak was over.

 

[BoogieDown23]

Luka Doncic could have bought wcw

Frank Ntilikina could of bought WCW