Thread: Why WCW went out of business.
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Old 03-24-2008, 06:17 PM   #4
Hanso Amore
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Quote:
Originally Posted by JT Kool View Post
Well to dig a little further on the MNW DVD comments, Bischoff's backer who left was Hulk Hogan, correct? I remember reading about Hogan in the deal then leaving back in 2001
Hogan doesnt have that kind of scratch.

I just finished the Death of WCW. Great read.

They had a few Wall Street bankers investing, anf when they saw that WCW lost 50 Million the year before and lost their TV shows, they backed out, because then they were just buying debt and a shitty name.


WCW was killed by spending far too much money and not doing what it took to bring more in. They shitty booking led to dropping rating, but had they not lost all the money they did, and were still in the green, they would have never closed when they did.
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