I'm happy to finally be back online full time with a new promotion...the XWF. I'm starting slowly with backstory and actually building up to the first show.
July 13, 2010
July 16, 2010
July 13, 2010
|PWInsider- New York Based Promotion said to Launch with Major Finacial Backing, Paul Heyman involved.
A new wrestling promotion is starting up in New York City. The promotion, known as the Xcitement Wrestling Federation has put together a business plan and is said to have a major financial backer. The XWF is ready to sign wrestlers up, along with full contract, they'll be signing confidentiality agreements and recieve full health care and 401.Ks...as well as the chance to buy stock in the parent company.
The XWF is planning on launching full shows out of NYC in late August. While there is no information at this time of TV deals or TV Tapings it is being said some of the shows will be produced for On Demand PPV with certain cable companies.
Businessman Peter Karoftis is said to be the main backer for the promotion. Karotfis previously worked with Sterling Equities, which is a New York-based investment firm that owns the New York Mets organization, the SNY cable network and several real estate and investment companies. Karoftis is a life long wrestling fan and has sought out a man every wrestling promotion has been trying to sign to help him run the company.
That man, Paul Heyman is best known for building a small wrestling promotion ECW to a national force that is still chanted in arenas across the country. Karoftis is said to be giving Heyman complete control of the book and letting Heyman focus on angles, workers and building the product while Karoftis and crew worry about the business side of things.
A new wrestling promotion is starting up out of Florida. The promotion, which has quietly been putting together a business plan, is said to have major financial backing. The new promotion is already signing wrestlers up, and along with the contracts, are having them sign confidentiality agreements.
There is no name known for the promotion at this time, but it is known that they will not actively do anything until the fall. A full promotional launch is expected at the beginning of 2011, As of this time, there is no information of TV deals or TV tapings.
As of this time no wrestlers have been confirmed to sign with the company. Many wrestler who we've asked about the company either has said they haven't been contacted or declined to comment, due to the confidentiality of the contract.
More on this story as it develops.
July 16, 2010
PWInsider- Location of first event revealed, Old ECW stomping ground, talent rumors...
The XWF's launch date hasn't been confirmed yet but word coming out of NYC is the location will be the Grand Ballroom at the Manhattan Center in the heart of New York City. Early word is Ring of Honor which has run shows there in the past is very upset with the decision of Paul Heyman and Peter Karoftis to run in the same place.
It is rumored that ROH will try to block some of its workers from taking bookings with the XWF but as we have learnt so many times in the past, ROH contracts are maybe the least iron clad contracts on the planet earth.
Some rumored talent has arrised including Sean Waltman, Shelton Benjamin, Charlie Haas, Christopher Daniels, Kid Kash, 2 Cold Scorpio, The Sandman, Bryan Danielson and more...
As of this time no names are confirmed but early indications seem to be that Paul Heyman wants to use unknown to Indy Level talent that he can help create new stars as opposed to hiring former WWE and TNA guys that have either been established by another promotion or left a bad taste in peoples mouths.
More on this as it develops...