Date: 24th October 2000

McMahon To Control All Wrestling


Vince McMahon is expected to invoke a clause in a recently settled lawsuit with Time Warner in order to buy Turner's WCW wrestling franchise, Electronic Media reported in its online edition Monday, citing sources familiar with the talks between McMahon and Turner. The source told EM: "McMahon is going to run it (WCW and his own WWF) as two separate companies and try to make double the money. ... Possibly once or twice a year the two leagues will do co-promotions for a pay-per-view." But some WCW wrestlers are expected to try to block the sale, charging that it would create a monopoly in the sport and prevent them from being able to negotiate a fair salary.

Source: Studio Briefing