Thread: Why WCW went out of business.
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Old 03-26-2008, 09:53 AM   #8
BigDaddyCool
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Quote:
Originally Posted by MatthewAllenHanso View Post
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.
I've read that book twice. I take it with a grain of salt as they weren't there so they don't know all the reason behind every decision. I believe Bischoff when he says he was planning on bring in Warrior for a long term contract, not just so Hogan can be beat him and leave, only for Warrior to flake out. Cause flaking out and rambling is the Warrior's style.
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