for you historians out there, what was ECW's downfall?

GreenGrass

GreenGrass

All Star
Joined
May 30, 2012
Messages
7,131
Reputation
1,540
Daps
11,912
Watching ECW was awesome but i felt like it was overshadowed by WWF and WCW. That The Rise and Fall of ECW DVD is good a film but it is produced by WWE. As you know, there is always 2 sides to a story, right?

so, what was real reason for ECW going out of business?
 
V

Vinny Lupton

Superstar
Joined
Jan 27, 2014
Messages
15,864
Reputation
3,020
Daps
49,023
-Their shytty TV deal required large capital investments and the network didnt help, so they spent money they could have used elsewhere
-the TV deal was also shytty in the sense that TNN was gonna throw them in the bushes as soon as WWE was ready to come to TNN
-They got so good at making stars that their stars got too popular so WWF and WCW wanted them and ECW couldnt match the offers
-The PPV company was gonna take a long time to pay them, knowing they had no leverage and couldnt sue to get it on time
-the 99-2000 class of wrestlers they got to replace all the guys that left were NOT stars
-Paul Heyman saw the writing on the wall and saved his own ass
 
V

Vinny Lupton

Superstar
Joined
Jan 27, 2014
Messages
15,864
Reputation
3,020
Daps
49,023
Paul Heyman, like Crockett before him, woulda stayed in business for years after he did, if he had stayed in his lane. ECW was still selling tickets. The "hardcore TV" show was expensive because they had to pay to be in every market but the control was there

Forgot to add it didnt help that Paul Heyman lied to everyone. I forgot where I read it but he, for example, was stiffing the New England area promoters on the gates. In the Russo 98 Timeline he says Paul wasnt relaying messages from WWF to the ECW guys WWF wanted. Im sure they found out about that. Eventually you are gonna piss off too many good people and only be left with scraps
 
V

Vinny Lupton

Superstar
Joined
Jan 27, 2014
Messages
15,864
Reputation
3,020
Daps
49,023
We gotta stop with "raids". Raids implies stealing, something done by force. These dudes got better offers to work at another job with more job security and money coming on time. Yall never saw the list of wrestlers that were owed $$$ by ECW when they closed? I wouldnt let my job miss one check, let alone racking up a $50,000 debt to me.

Noted in the enormous list of creditors comprised of cable companies, travel agencies, media corporations (including TNN), advertising agencies, hospitals, insurance companies, financial institutions, courier companies, universities and plaintiffs with personal injury suits against ECW are these former ECW wrestlers, managers and announcers:

  • Bill Alphonso: $5,000.
  • C.W. Anderson: $500.
  • Angel (Baldies): $500.
  • Scotty Anton: Unknown amount.
  • Steve Corino: None.
  • Justin Credible: $7,990.
  • Lou E. Dangerously: $7,000.
  • Juilo Deniro: $300.
  • Devito (Baldies): $500.
  • Simon Diamond: $9,000.
  • Danny Doring: $2,100.
  • Shane Douglas: $48,000.
  • Spike Dudley: Unknown amount.
  • Francine: $47,275.
  • Chris Hamrick: $300.
  • Don Callis: $12,000.
  • Little Guido: $25,000.
  • Jazz: $1000.
  • Jerry Lynn: Unknown amount.
  • Balls Mahoney: $4,000.
  • Tony Mamaluke: $600.
  • Dawn Marie: $9,000.
  • Thomas Marquez: $500.
  • James Mitchell (Sinister Minister): Unknown.
  • EZ Money: $300.
  • New Jack: Unknown amount.
  • Nova: $4,000.
  • Roadkill: $21,250.
  • Rhyno: $50,000.
  • Sabu: None.
  • The Sandman: Unknown amount.
  • Johnny Swinger: Unknown amount.
  • Joey Styles: $50,480.
  • Super Crazy: $5,000.
  • Tajiri: $5,000.
  • Rob Van Dam: $150,000.
  • Jack Victory: $3,000.
  • Mikey Whipwreck: $12,000.
  • Chilly Willy: $500.

Like I alluded to in my first reply up there, they were owed $860,000 in accounts receivable, partly PPV money that the PPV companies were trying to hold out on (edit - found this in the Observer:The assets include $800,000 in accounts receivable from In Demand, $50,000 from
Acclaim and $10,000 from Original San Francisco Toymakers. ) Accounts receivable is a bytch. If you dont have reserves or a credit line, you could be rich on paper and broke in reality
 
Last edited:
TRIPLE M

TRIPLE M

This is Where the Power Lies
Joined
May 14, 2012
Messages
6,576
Reputation
419
Daps
12,295
id also like to add making mike awesome and rhino world champions:huhldup:
 
TRIPLE M

TRIPLE M

This is Where the Power Lies
Joined
May 14, 2012
Messages
6,576
Reputation
419
Daps
12,295
Vinny Lupton said:
:ufdup: Mike Awesome was over. Paul's dumb ass shoulda payed him and he wouldnt have left with the belt
Click to expand...
he wasnt putting asses in seats or pushing merch
masato tanaka carried his ass in their fued and its shame he only got like a 2 week reign, he shouldve been the one in retrospect at that time
 
mrken12

mrken12

Veteran
Supporter
Joined
Apr 16, 2013
Messages
80,803
Reputation
20,920
Daps
300,394
Reppin
Maryland
Vinny Lupton said:
We gotta stop with "raids". Raids implies stealing, something done by force. These dudes got better offers to work at another job with more job security and money coming on time. Yall never saw the list of wrestlers that were owed $$$ by ECW when they closed? I wouldnt let my job miss one check, let alone racking up a $50,000 debt to me.

Noted in the enormous list of creditors comprised of cable companies, travel agencies, media corporations (including TNN), advertising agencies, hospitals, insurance companies, financial institutions, courier companies, universities and plaintiffs with personal injury suits against ECW are these former ECW wrestlers, managers and announcers:

  • Bill Alphonso: $5,000.
  • C.W. Anderson: $500.
  • Angel (Baldies): $500.
  • Scotty Anton: Unknown amount.
  • Steve Corino: None.
  • Justin Credible: $7,990.
  • Lou E. Dangerously: $7,000.
  • Juilo Deniro: $300.
  • Devito (Baldies): $500.
  • Simon Diamond: $9,000.
  • Danny Doring: $2,100.
  • Shane Douglas: $48,000.
  • Spike Dudley: Unknown amount.
  • Francine: $47,275.
  • Chris Hamrick: $300.
  • Don Callis: $12,000.
  • Little Guido: $25,000.
  • Jazz: $1000.
  • Jerry Lynn: Unknown amount.
  • Balls Mahoney: $4,000.
  • Tony Mamaluke: $600.
  • Dawn Marie: $9,000.
  • Thomas Marquez: $500.
  • James Mitchell (Sinister Minister): Unknown.
  • EZ Money: $300.
  • New Jack: Unknown amount.
  • Nova: $4,000.
  • Roadkill: $21,250.
  • Rhyno: $50,000.
  • Sabu: None.
  • The Sandman: Unknown amount.
  • Johnny Swinger: Unknown amount.
  • Joey Styles: $50,480.
  • Super Crazy: $5,000.
  • Tajiri: $5,000.
  • Rob Van Dam: $150,000.
  • Jack Victory: $3,000.
  • Mikey Whipwreck: $12,000.
  • Chilly Willy: $500.

Like I alluded to in my first reply up there, they were owed $860,000 in accounts receivable, partly PPV money that the PPV companies were trying to hold out on. Accounts receivable is a bytch. If you dont have reserves or a credit line, you could be rich on paper and broke in reality
Click to expand...

Owing someone $150,000 and not getting paid in due time is how people end up missing. :birdman:
 
You must log in or register to reply here.
Top