Think of the mid-1980s. Vincent Kennedy McMahon was attempting to kill wrestling territories, while in the AWA Verne Gagne was trying to preserve his. The AWA had a deep talent pool, which included the likes of Hulk Hogan, announcer "Mean" Gene Okerlund, manager Bobby "The Brain" Heenan, Jim Brunzell, Ken Patera, Adrian Adonis, and Jesse Ventura, all of whom jumped to the WWF. Many of those men would have stayed in the AWA if not for Verne Gagne's questionable decision making, for example, not allowing Hogan to go over Nick Bockwinkel for the AWA World Heavyweight Championship, pushing his son, Greg Gagne, into the stratosphere, when he was in fact not the best performer they had. This, along with the allure of the WWF, as well as the fact that the AWA lost their agreements to share talent with AJPW, led for the slow downfall of the AWA, and even though they had a great year in 1984, they would never be the same, finally closing their doors in the fall of 1990. That being said, had Gagne not made all those mistakes, could the AWA have somehow been bigger than the WWF?
While it is a possibility, especially since they had Hulk Hogan, I don't think they could have kept that talent, not a chance. The WWF was putting on WrestleMania, while the AWA was trying to remain smaller relying on their loyal audience to tune in, but once they lost that audience, they lost it all. They weren't focused on being a huge company, there was NO WAY they could have survived. Even though they had good young talent come in (Scott Hall, the Road Warriors, Larry Zybysko), even when they were nearing bankruptcy, it wasn't enough. The WWF was becoming too big, and on the other side, even WCW was becoming trouble. Gagne's mindset prevented the AWA from ever becoming something huge.
While it is a possibility, especially since they had Hulk Hogan, I don't think they could have kept that talent, not a chance. The WWF was putting on WrestleMania, while the AWA was trying to remain smaller relying on their loyal audience to tune in, but once they lost that audience, they lost it all. They weren't focused on being a huge company, there was NO WAY they could have survived. Even though they had good young talent come in (Scott Hall, the Road Warriors, Larry Zybysko), even when they were nearing bankruptcy, it wasn't enough. The WWF was becoming too big, and on the other side, even WCW was becoming trouble. Gagne's mindset prevented the AWA from ever becoming something huge.