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More Details Regarding Vince McMahon & WWE Being Sued Over XFL

XFL 2020

• ON THIS DAY IN WCW HISTORY (January 2, 1993) – WCW Saturday Night

On this day in 1993, Ted Turner’s World Championship Wrestling aired an episode of their weekly TV show ‘WCW Saturday Night’.

It was taped at the Center Stage Theatre in Atlanta, Georgia and featured pre-taped matches, interviews & storyline segments on the road to the ‘WCW SuperBrawl III’ PPV.

The card of the show can be found here:

Special Announcement: Big Van Vader beat Ron Simmons for the WCW World Title!

Cactus Jack & Barbarian vs. Tom Zenk & Johnny Gunn

Erik Watts vs. Mustafa Saed

INT- Cactus Jack & Tony Atlas

Dustin Rhodes vs. Vinnie Vegas

INT- Brian Pillman, Barry Windham & Steve Austin

Brian Pillman & Steve Austin vs. Larry Santo & Rick Nelson

Tony Atlas vs. Van Hammer

INT- Arn Anderson & Jesse Ventura

Barry Windham vs. Johnny B. Badd

INT- Shane Douglas & Ricky Steamboat

Ricky Steamboat vs. Danny Spivey

INT- Barry Windham

• More Details Regarding Vince McMahon & WWE Being Sued Over XFL

As we noted a few days back, a WWE shareholder (a Oklahoma firefighters pension fund) filed a lawsuit against WWE and Vince McMahon over the XFL.

Bloomberg Law reported the following regarding this lawsuit:

“The lawsuit, filed Dec. 26 in Delaware Chancery Court by an Oklahoma firefighters pension fund, claims there is ‘a credible basis to believe’ that McMahon and other WWE senior officers breached their duties to investors by diverting valuable resources to the XFL.

The suit also suggests that the company’s board members may have failed to conduct appropriate oversight to ensure McMahon didn’t engage in transactions that conflict with WWE’s interests.”

Forbes has now revealed the following complaints listed in this lawsuit:

– Did Alpha Entertainment, the XFL’s parent company, which is wholly owned by Vince McMahon, pay fair market value to WWE for the intellectual property of the original XFL, which included giving WWE a percentage of the company?

– Is Alpha paying WWE fair market value for the support services that WWE is providing as part of that deal?

– Was the XFL revival announced before the deal was completed?

– In general, did McMahon and WWE, including WWE’s lawyers, act in a way that was not in WWE’s best interests?

– AAF’s potential role with the XFL?

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