• ON THIS DAY IN WWF HISTORY (February 2, 1991) – WWF Superstars of Wrestling
On this day in 1991, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Wrestling Challenge’.
This episode was pre-taped at the Von Braun Civic Center in Huntsville, Alabama and featured matches & storyline segments on the road to the ‘WWF WrestleMania VII’ PPV.
Here’s the card:
1. Big Boss Man vs. Mike Thor
2. Demolition vs. Mike Wallace & Pez Whatley
3. The Undertaker vs. William Ford
4. Shane Douglas vs. Dale Wolfe
• WWE No Longer Has A Plan If Vince McMahon Dies, Triple H & Stephanie McMahon Can’t Run WWE
As we noted before, WWE Co-Presidents George Barrios and Michelle Wilson are no longer a part of the company and will no longer serve on the Board of Directors.
With these departures, WWE stock price fell down and Bloomberg is reporting that WWE has lost over $1 billion in market value.
WWE’s stock fell down 28% and Loop Capital’s Alan Gould reports that WWE now has “diminished confidence”.
According to Dave Meltzer of the Wrestling Observer, WWE no longer has a plan in case Vince McMahon dies, which is one of the reasons why the stock price fell.
Also, Triple H & Stephanie McMahon can’t run WWE, as Wall Street won’t accept them in that role.
Below is what Meltzer said:
“It’s gotta be something really serious for [Vince] to fire both people without notice with no succession plan and kinda killing the succession plan.
Because if something happened to Vince, you know everybody expected that Michelle Wilson and George Barrios would be the people to run the company.
Now nobody knows who will run the company and that uncertainty is one of the reasons the stock price dropped a lot.
The company is still safe for 5 years no matter what even if something happens to Vince and there’s chaos you still have that revenue coming in.
At that point it would make things really strange because again, we don’t know who’s gonna be running the company. We have no idea.
It’s not gonna be Paul Levesque (Triple H) — it’s not gonna be Stephanie [McMahon].
I mean, Paul Levesque will run the wrestling end, but he’s not gonna be CEO or anything like that — the President of the company because Wall Street won’t accept him in that role because he doesn’t have that background.
So, it’s going to be…they’ll accept Vince and they would have certainly accepted George Barrios and Michelle Wilson so, you know, but everyone who works for Vince has a shelf-life…that’s the reality.”
WATCH: WWE Doctor Touches Stephanie McMahon’s Juggs:
