• Eric Bischoff Explains Why He Thinks WWE Is Not Up For Sale
When WWE’s stock went up in value after their recent cuts throughout the company, rumors instantly started that Vince McMahon was planning to put WWE up for sale.
Many within WWE and outside believed that WWE President Nick Khan would position the promotion to soon be sold.
However, on a recent episode of his weekly ’83 Weeks’ podcast, WCW Legend Eric Bischoff explained why he does not think that’s going to happen any time soon.
Here’s what the 2021 WWE Hall of Famer had to say:
“The more I think about it, the more I’m convinced WWE is not for sale. I’m not suggesting that’ll never happen. Nobody knows for sure, and I’m not privy to any inside information.
But I’m more and more convinced that what WWE is doing, and I think Nick Khan is probably the catalyst for a lot of this, is making good business decisions.
What was their stock price before COVID? Somewhere around 70 bucks a share, give or take. Now, it dropped down to the mid-30s when COVID hit.
I was pretty convinced that without touring, the idea that component of that business model was going to evaporate, I was kind of like wow, this is not pretty for WWE.
That entire company has been set up on a business model where live events and merchandising were such a big chunk of their overall revenue stream.
The stock went down, and I thought it was gonna be hard for this company to get back where they were. But I think the stock is around 56 or 58 dollars a share.
If I’m WWE, and I’m on the board or the chairman or just a shareholder, I’m sitting here wondering what they are gonna do to get that stock price back up to where it was.
That should be everybody’s goal.”
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• ON THIS DAY IN WWF HISTORY (June 11, 1986) – WWF TNT Tuesday Night Titans
On this day in 1986, the World Wrestling Federation aired another episode of their weekly TV show ‘WWF TNT Tuesday Night Titans’.
This episode included matches, storyline segments & studio interviews featuring the 1986 WWF Superstars.
You can find the card below:
1. Mene Gene & Alfred Hayes open the show
2. JYD joins the TNT set
3. JYD & George Steele vs. Iron Mike Sharpe & Bob Bradley
4. JYD’s dog show segment
5. Mr.Fuji & Don Muraco join the TNT set
6. Don Muraco vs. a jobber
7. Sivi Afi joins the TNT set
8. Sivi Afi vs. Moondog Spot
9. Sivi Afi does a firedancing demonstration
10. Tony Atlas joins the TNT set
11. Tony Atlas vs. Barry O
12. Mene Gene sings “Kansas City”
13. Jimmy Hart joins the TNT set