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Heyman is brilliant, but remember Heyman couldn't just "take over" a company like TNA or ROH...he would have rules and restrictions...
Even if the WWE released Heyman, there isn't a large enough audience to view anything Heyman does...he could show up on TNA and vent his frustration...but that doesn't mean most anyone would see it. Remember that casual fans are not us. We are the minority, and our undying love and loyalty to Paul is amoungst a very small percentage.
So them releasing Paul isn't ultimatly going to hurt the company much if any.
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