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

[Playaz Eyez]

I was one of those hardcore fans that stopped watching wrestling a couple of years after WCW's demise. Around spring or summer 2003 I believe. I would occasionally watch a little bit of Raw, Smackdown, and eventually TNA when they got on Spike but really didn't start watching consistently again until CM Punk's pipe bomb in 2011.

This seems to be the sentiment of a lot of people I come across irl whenever wrestling is brought up. I never truly dipped out of wrestling, but it stopped being the must-see tv with every single person throughout every walk of life talking about it for me probably after 2003. Late 04-07 was brutal, which is why I tend to make random threads from that era just to give insight to people who were completely out of wrestling by then. But CM Punk is 100% the reason people got back into wrestling.

 

[stro]

If bischoff really wanted it he coulda sued. The fact that it sold for 2.5 million, triggered no anti trust lawsuits from anyone civilian or government, and we know for a fact that they indeed colluded to create a monopoly.is testament of how irrelevant wrestling is to literally everyone not in it lol.

It's pretty uncommon for any sports or athletic leagues to get hit with antitrust and monopoly lawsuits and when they do, it's usually from a smaller league trying to force a merger and the bigger league always wins. Who would have done the suing in the case of WWF buying WCW?

 

[Mook]

It's pretty uncommon for any sports or athletic leagues to get hit with antitrust and monopoly lawsuits and when they do, it's usually from a smaller league trying to force a merger and the bigger league always wins. Who would have done the suing in the case of WWF buying WCW?

Eric bischoff dude. The guy in turner who sold it to vince was colluding with Vince. Read up on it.

 

[HipHopStan]

Eric bischoff dude. The guy in turner who sold it to vince was colluding with Vince. Read up on it.

I've heard this story before. It was someone in WWE who was good friends and used to work with Jamie Kellner. I'd have to go digging to find his name. Ironically enough, WCW was not Kellner's only victim during his time at the top of TW - he also canceled Pinky and the Brain, Animaniacs, Freakazoid, The New Batman Adventures, Superman: TAS, and Batman Beyond. He had a huge body count.

 

[stro]

Eric bischoff dude. The guy in turner who sold it to vince was colluding with Vince. Read up on it.

And how does Bischoff afford this lawsuit? I don't even know what would be gained from it, tbh. You could maybe challenge the sale itself but WCW programming was already cancelled and due to no TV deal it lost almost all value. The guy who sold it to Vince didn't make that decision, Kellner made that decision. At most it would have just delayed the sale a bit. There's no way Bischoff would have stopped the sale and got the company himself at that point, and even if he had, it was a heavily devalued brand with no TV deal and media moving on from the wrestling craze as the bubble was popping. I'm also sure WWE could have easily argued no monopoly as there are hundreds of wrestling promotions and they don't do anything to prevent them from running the same venues (except MSG, which was a unique deal) or being on television.