JBL To Buy WCW ?

[andymcg]

Saw this on another website, i must say i dont know how old this article is or what, im pretty sure its relativly new as it was talking about JBL quiting after wrestlemania so its at least April, Anyway :

"I dont know if alot of you know this but a local New York business newspaper is reporting that WWE must cutback costs and earn some money and are willing to sell all assets and rights to the WCW name and John Bradshaw Layfield is interested in purchasing the assets and the WCW name.

The current believed potential price that Vince McMahon is willing to sell to JBL for us $8.1million USD and it's just the matter of wondering if JBL will purchase, but other newspapers are reporting that JBL and Hulk Hogan will purchase the assets and the name and others are reporting that Jeff Jarrett would like to purchase the assets and the name.

The reason WWE are selling is that there is a large decline in sales for WWE selling WCW dvd's and online matches and there is no point holding the assets and the companys old name under the WWE banner plus Vince McMahon has also made it clear that there would be no point in making a WCW brand as there is far too many brands"

So what do we make of this ? JBL to buy WCW possibly ?

discuss .......

 

[King Patrick Star]

Do you have a link to this story?? I'd like to look into it more. Why would JBL be interested in buying WCW?? I can see Hogan and Jarrett being interested in something like this, but not JBL.

 

[blood and thunder]

Would be so sweet if he could get this - but at the same time, it would probably just be to release DVD's etc assuming WWE sold those rights too, as TNA is making a name for itself now and most of the ex-WCW guys probably want to see that through. Unless JBL then turns round and sells WCW rights to TNA, which could end up being interesting.

 

[hArdyPUNKmArk]

Wow, that's pretty interesting.

As Patrick said, I can see Hogan and Jarret being interested but JBL?! Do you have a link to the actual story? It's worth looking into, could be pretty interesting. And what will JBL or co. do with WCW if they do buy it? Would they start it up again or just reap in the merch sales?

Very interesting to say the least....

 

[Deexter Jorgan]

I highly doubt this story is true, WWE is making alot of money in regards to their classics series and the majority is due to their vast tape library which includes alot of WCW matches, if this story is true in anyway they would have to get rid of the library as well otherwise they would just be selling the WCW name without its prior history?, who would want that?

 

[MooseNugget]

I don't think it would be a very wise idea. WCW's name was buried in the late 90's, and it's been 8 years since the company has been dead.

Between Hogan, Bisoff, Jarret, and JBL, I think they have enough money to get WWE interested in selling WCW to them. There have been those stories of Jarret losing power in TNA, and Hogan and Bisoff were going to start their own promotion, so I can see getting together and try to get the WCW name.

 

[Tastycles]

This story is definitely bullshit. Here's the breakdown as to why:

I dont know if alot of you know this but a local New York business newspaper

There's no such thing as a local business paper. Business is always, always at least a national thing if it is newsworthy. Who'd buy a local business paper?

is reporting that WWE must cutback costs and earn some money and are willing to sell all assets and rights to the WCW name

How would selling WCW cut costs? The WCW name costs precisely $0 to run, and selling it would lose them rights to an extensive video catalogue which makes them money. It would basically be like a reverse loan, where they lose out in the long run.

and John Bradshaw Layfield is interested in purchasing the assets and the WCW name.

JBL is an intelligent businessman and is on good terms with Vince. He is going to know that an $8million investment, with no roster, no TV, no PPV, no credibility and no demand isn't going to make a return in the near or even middle distance.

The current believed potential price that Vince McMahon is willing to sell to JBL for us $8.1million USD

So Vince is going to sell something that is making him money for only $3million more than he bought it for, inflation adjusted, that's bullshit right there.

and it's just the matter of wondering if JBL will purchase, but other newspapers are reporting that JBL

Which newspapers? We make stuff up weekly? Daily Bullshit? Daily Express? What newspapers print wrestling rumours in their business news? None, that's which ones.

and Hulk Hogan will purchase the assets and the name and others are reporting that

Hulk Hogan is full of shit, and has regularly said that he intends on starting his own company. Making a half arsed rehash of WCW isn't going to do that.

Jeff Jarrett would like to purchase the assets and the name.

He'd have to sell his minority stake in TNA first, though wouldn't he?

The reason WWE are selling is that there is a large decline in sales for WWE selling W
CW dvd's and online matches

Which is why they have recently, as in within the last two months, released a DVD solely of WCW material, based entirely around the WCW with WCW talent on it. Yep, no demand there.

and there is no point holding the assets and the companys old name under the WWE banner

Except that they make money and nobody else can have them if he does.

plus Vince McMahon has also made it clear that there would be no point in making a WCW brand as there is far too many brands

He hasn't made an AWA brand either, nor a WCCW one, doesn't mean he is going to sell those companies, in fact he almost certainly won't, because they don't cost anything to run, and make him money.

Finally, JBL isn't an idiot, he is going to know that very few wrestlers like him because he is a bully, so why the hell would he buy something for no return that he probably couldn't get to work?

 

[gd]

What the hell? This makes absolutely no sense whatsoever. Vince has no reason to sell the rights to WCW, especially since the WCW DVD just cam out a few weeks ago. The WWE has access to a ton of great WCW footage and matches, why would they sell that for 8 million dollars, which isn't that much at all when you think about it.

Furthermore, why would JBL of all people bother buying WCW? What's he going to do with it, seriously? Plus Hogan and Jarrett? That makes no sense whatsoever. I don't see even an ounce of logic behing this.

The story is pure BS and has no merit to it at all. Some 10 yr old kid probably made it up because they were bored.

 

[Jack-Hammer]

Yeah, I don't believe a word of this because it make no sense.

It makes no sense for Vince to sell the rights to WCW as a means of cutting costs since having the rights to WCW costs Vince absolutely nothing. If he gave up the rights to WCW, he'd also be giving up a very extensive tape library. The cost of putting together DVDs comprised of various clips and matches taken from that tape library is mimimal and generates a lot of solid revenue for the WWE. It wasn't just WCW footage that the WWE got with the library purchase. Before Crockett sold to Turner, Jim Crockett Promotions bought out Bob Geigel's Central States Wrestling, Georgia Championship Wrestling, Championship Wrestling from Florida and a few others I think. Which means, their tape libraries were part of the deal. If Vince McMahon were going to sell that, he wouldn't do it for a mere $8 million.

 

[waylonmercy]

I give props to Tastycles for ripping this thread to pieces. He is absolutely right that WWE will NOT sell their footage of WCW along with the name and stuff for 8 million. If WCW is profitable for its footage there is NO point in selling the name. WWE owns like all the North American footage and all those companies have been defunct for more than 10 years. Plus WCW has tonnes of footage from the WCW and NWA days that they have and I am sure there is so much material they could use for future DVD's such as BEST OF DVD's for half their roster...

Edge's debut
HHH's
Big Show
RVD
etc.

Lots of their talent's careers were spent in WCW and selling that footage would create a HUGE gap for DVD's.

I can NEVER EVER see WWE selling the WCW brand.

 

[Nature Boy]

I would love WCW to come back as an organisation.

At the least, I would love someone to buy the rights and release the footage without any WWE bias or re-writes.

If it was Bischoff, Hogan, Flair or, as others have suggested, Jeff Jarrett I might just believe it, but I would say this story is false.

 

[The Wolf]

JBL buying WCW what could he gain from that? That is a great question but the only answer I can think of is a turning and merger. Think bout it one of the BIG things in TNA right now are mergers to push old names and ratings. Now if JBL buys WCW and has a merger with TNA that will pull alot of old fans that faded away and really amp up the monday night wars that TNA is planing on starting. As of right now what is TNA going to call monday nights. If a merger happens welcome back Nitro ran by Bishoff. Then we might see names that we have not seen in years cause they will not work for Vince. JBL is not stupid when it comes to money and has a team of ppl weighing pro's and con's so which if he does you know it will be a wise to.

 

[Rzarectah]

This story seems to be complete bullshit cause, as others have stated selling WCW would only lose him money in the long run, and Vince just won't do it. The only way I would ever believe this story is if you showed me the link.