Discussion in 'TSC' started by Flex Luger, Jul 6, 2020.
Remember when Oreos and Chips Ahoy came in sleeves brehs?
ECW's bankruptcy is really instructive for any indie guys/company that wants to make it big, and not only because of Paul's lack of accounting prowess, which was always overstated, by the way. For all the carny nonsense Heyman pulled, ECW was $7 Million in the hole when he filed for bankruptcy, and the company was actually on a commercial upswing when they died. Really more like $4 Million, when you take into account money they should have been paid by Acclaim and In Demand ("accounts receivable" are two of the most dangerous words in business. Paul actually told a story on Steve Austin's podcast about the head of In Demand telling him to his face right before they closed up shop that he'd rather take his chances with the bankruptcy lawyers than pay ECW the $2.8 Million they were owed from their pay-per-view revenue. According to Paul, that was literally the money they needed to stay alive and get a new TV deal). Now compare that to TNA/Impact Wrestling, who have probably had multiple years losing over $7 Million and have never had the commercial success ECW had while having an energy billionaire funding them. But yeah, all upstart promotions should learn from ECW's mistakes and never let themselves get into the position they were in before they died.
I do think it's telling that, despite Paul owing them ridiculous amounts of money and doing all sorts of cowardly shyt near the end (not NEARLY bad as some other promoters, though), most of them ended up working with Paul again in some capacity. Maybe there's truth to the whole 90 days story he tells in his DVD, maybe it's just the wrestling business. But it is very interesting.
Tommy Dreamer made out pretty damn well in the aftermath of this, given that he was Johnny Ace's number two for a few years in talent relations.
Heyman and Dreamer (with Vince overlooking) basically set up the first ECW One Night Stand PPV. That where the infamous Vince line "TELL SABU TO fukk SABU! " came from too.
Maybe I'm buggin', but I swear this thread was made previously, not that long ago.
Dreamer to Heyman:
Damn this shyt is crazy!!
Never knew it was that bad for Dreamer. Good to see he came up from that
I would argue that he has even more to be depressed about now so this admission should be taken as a giant red flag.
Or you ignore it and then he Benoits himself later
TGOATmy GOATmer can do no wrong in my eyes
I always knew that dude was emotional, but that's some fukked up shyt right there. Surprised he'd even admit to it.
Yes like three or four times
Why tsc keep trying to slander Dreamer good name, he was just trying to set up a dream match with Brock that never happened because of the corona virus
We would have never got the WWECW version of Man in the Box