Home | Search | FAQ
Displaying 1-9 of 9 messages in this thread. |
| Posted By | Discussion Topic: WWF bought WCW for how much??? | ||||
|---|---|---|---|---|---|
| Cluster F | posted on 07-29-2001 @ 6:53 PM |    | |||
| O&A Board Regular Registered: Oct. 00  | I laughed my ass off after reading this. Just imagine, if Time Warner had any financial sense, there would be no invasion angle right now. and Eric Bischoff would be the man in WCW. WCW PURCHASE PRICE FINALLY COMES OUT, WWF PRACTICALLY STOLE THE COMPANY by Dave Scherer Updated: 7/29/2001 6:17:35 PM The WWF filed their annual report with the SEC on 7/27. In the report, the purchase price that they paid for WCW finally came out. After seeing what they paid, well, it's no wonder they were able to drop the WCW angle so easily. The following passage is from the report. "In March 2001, we acquired substantially all of the intellectual properties and certain other assets of World Championship Wrestling(R) (the "WCW(R)"), including the trade name, tape library and other intangible assets from a subsidiary of AOL Time Warner for $2.5 million. In addition, we incurred certain related costs to acquire these assets of approximately $1.8 million." So there you have it. An amazingly low figure. Eric Bischoff's Fusient group was willing to pay at least 10 times that. AOL Time Warner shareholders should be outraged. "I firmly believe that any man's finest hour - his greatest fulfillment to all he holds dear, is that moment when he has worked his heart out, in a good cause, and lies exhausted on the field of battle - victorious." -Vince Lombardi | ||||
| mikeWOW | posted on 07-29-2001 @ 6:56 PM | | |||
| O&A Board Regular Registered: Sep. 00 | holy shit. that is amazing!!! "i hate people that dont get it!" | ||||
| The Brain | posted on 07-29-2001 @ 7:07 PM | | |||
| O&A Board Regular Registered: Feb. 01 | quote: Damn, that is amazing. Even if you include the WWF having to negotiate new contracts for all the WCW stars they want to bring over, the actual expenditure cost is decidedly on the low end. Was WCW really that much of a profit loss for Time Warner that they sold it all off for a song?  Proving Dogs and Mice can co-exist! Proud Member of RonReddog's OA.COM C-Blocking Team!!! | ||||
| DonWest | posted on 07-29-2001 @ 9:21 PM | | |||
| Psychopath Registered: Feb. 01 | In the year 2000 I think that instead of making a profit WCW lost $80 million ...in 1 year....Either 1999 or 2000 | ||||
| Fighting Hellfish | posted on 07-29-2001 @ 11:34 PM | | |||
| Psychopath Registered: Dec. 00 | Goodwill alone should have bought them about $35 to 40 million | ||||
| TheShocker | posted on 07-30-2001 @ 12:13 AM | | |||
| Psychopath Registered: Dec. 00 | Dude...how can you write that off on your tax return? "February 2001: $350 million: XFL losses March 2001: $4.3 million: Buying out competetion July 2001: $250 thousand: ECW tm's July 2001: $2500: Stephanie's breast augmentation" "The older you get, the more interested you get in Britney Spears" -Sen. John McCain (R- Arizona) Go Ahead. E-Mail Me | ||||
| Ferret | posted on 07-30-2001 @ 10:58 AM | | |||
| Psychopath Registered: Oct. 00 | It's kind of scary when someone who gets 4 out of 5 numbers on a lotto ticket can buy their own wrestling company. The question then is, instead of re-launching their own promotion, why didn't Hogan and the others just buy WCW?quote: You'd think Vince would have paid a little bit more to have gotten them done right. | ||||
| skitchr4u G.O.O.F.B.A.H.G.S. Xtreme Skiing Assualt Force | posted on 07-31-2001 @ 1:13 PM | | |||
| O&A Board Regular Registered: Dec. 00 | Its funny that Steph's chest came up. Last night while watching Raw, my g/f commented on how they should have taken some of her now much larger ass and put it into her chest instead of the silicon! They are nice, but she looks like she sat around quite a bit lately. Oh, and back on topic, I can't believe that they would pay 4.3mil for WCW and not buy out ECW for just a little bit more and own all of the US wrestling organizations!  AIM: SkiT4you First Member of the JWO | ||||
| DonWest | posted on 07-31-2001 @ 11:59 PM | | |||
| Psychopath Registered: Feb. 01 | It might be that she is wearing a much better bra that is working....Also why buy ECW when it is no more anyway and you have all the talent from it that you want? | ||||
Displaying 1-9 of 9 messages in this thread. |