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The Intergalactic Koala

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For folks that actually want to listen to a better cohesisive guide of the TNA/Hoegan/Bischoff era...



They go into details with how Bischoff was not really much of the booker there, and even Hoegan was checked out by 2011 with the Gawker case. Hell, looking back how can these two dudes "destroy" TNA, when they barely was on the show to begin with :why:

Hell, it was more on Dixie Carter and Russo, but Bischoff ended up being the fall guy for some strange reason :dwillhuh:
 
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And this right here....is just the tip of the iceberg. 15 things WCW spent MILLIONS on that got them all fukked up financially...

 
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There are numerous stories about the incompetency and dysfunction that plagued WCW, at one time the world’s leading wrestling organization. However, this tidbit from The Death of WCW may take the biscuit for stupidity.
Talking about the financial mess in the WCW in 2000 (due to bad business decisions and a poor on-screen product, the company had lost tens of millions the previous year and was sinking fast), Bryan Alvarez explains that Bill Busch, the guy then in charge of getting the WCW back on track, came up with an idea: they would stop flying in every single wrestler on the roster for shows, and only fly in the wrestlers they intended to use.
Yes, it sounds incredible, but it’s true. Believe it or not, up until that point they were literally buying airline tickets for the entire roster of 160 or so performers, but only using 20 or 30 of them during a show.
It’s mind-boggling to think of the hundreds of thousands of dollars the WCW threw away over the years flying in over two-thirds of its roster when they simply weren't needed at all.

In 1999, as he was overseeing the increasingly disastrous WCW, Eric Bischoff had a bright idea to turn the ship around: Rapper Master P.
Indeed, as detailed in The Death of WCW, Eric was so eager to acquire his services that he paid the rapper (who made it clear he had no interest whatsoever in wrestling) over $200,000 per appearance. In one month he managed to make $1 million for not doing very much at all. Think that's crazy?
They also signed his friend, Swoll, a talentless bodybuilder, to a $400,000 a year contract. Swoll ended up having precisely three matches in the WCW the entire time he was there.
In more outrageous spending later that year, famous American rock group KISS received a whopping $500,000 to perform songs on the Aug. 23 Nitro. To make matters worse, this segment bombed in the ratings, scoring only a 2.25 ratings quarter (one the lowest-rated segments on the show).
For the record, Eric Bischoff, defending himself against the accusations that he had thoughtlessly splashed around money in his book, Controversy Creates Cash, claimed he had "only" spent $250,000 on getting KISS to perform. Yes, that's much better, Eric.
Did WCW learn from this? No. The Death of WCW also mentions that the promoter spent $25,000 in 2000 on bringing in soul singer James Brown for a one-off appearance in a comedy angle with Ernest Miller. That didn’t make one bit of difference in the ratings, either.
 

The Intergalactic Koala

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Think it was Dixie Carter

Point blank period, it's all on Dixie. Hell, this is the same woman that did this:

heeldixie08.jpg


Dixie, the suits, and Russo were TNA's vice, while Hoegan and Bischoff was just there for a payday.
 
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:mjlol:

An article on B/R from 2011

TNA spent a reported $4 million on acquiring the services of a whole bunch of former WCW/WWE stars (Hulk Hogan, Ric Flair, Rob Van Dam, Mr Anderson and Jeff Hardy).

The result? A disastrous Monday Night Raw and a quick retreat back to Thursday nights, where they returned to doing the exact same 1.1s and 1.2s they’d been doing in 2008 and 2009, before the huge payroll.
To make things worse, the PPV buys have sunken far lower than they were before the Hogan/Bischoff invasion (they now track so low, in fact, most in the PPV industry don’t bother paying even scant attention to their monthly numbers any more).
 

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On January 11, 2001, with WCW facing major financial woes, Siegel accepted Bischoff's offer to purchase WCW. Bischoff and Fusient briefly withdrew their offer when the WWF made an inquiry on WCW (due to the terms of a settlement, WWF had a right to bid on WCW's properties, should they ever be up for liquidation).

By the time, WCW was damn near worthless :francis: . Have Bish bought the promotion, it may have been ROH before ROH was a thing, hence what he was working on with the Big Bang idea.
 
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