It's hard to believe how multi-million dollar promotions with a decent roster, a steady budget and acceptable production, can suddenly falter and collapse. Wrestling promotions rely on one important factor to stay in business, and that is the fans. We the fans are an intangible part to a wrestling promotion's success, and even big promotions like WWE rely on fan support. Wrestling fans are a strange breed (we like what we like, and if we don’t enjoy what we are seeing, we are sure to make whoever is in charge hear our plea for change). Wrestling fans are judgmental but loyal (to a certain point); if we feel betrayed or our intelligence is challenged, we will look for a change.
This brings me to the article at hand. WWE, WCW and ECW had great success at one point in time, but all three ultimately went through a downward spiral and lost fan support, with WWE surviving their low point and being the only remaining promotion. What all three of these promotions have in common is there were people who were significant in the promotions' problems. From executives, bookers and wrestlers, these people had an effect on the promotion's decline. Some would go on to damage the promotion beyond repair.
In all this, we the fans have suffered the most, as wrestling will never be as good as when these three promotions were all in business and fighting to be at the top. It was the hottest time in wrestling and now all we are left with are memories.
12 Demon Kiss
11 nWo Sting
9 Scott Hall
8 David Arquette
7 Vince Russo
6 Paul Heyman
5 The Kliq
4 nWo Factions (nWo Hollywood, nWo Wolfpack, LWO)
3 Kevin Nash
2 Hulk Hogan
1 Eric Bischoff
No surprise Bischoff is here, as he was one of the most significant people in killing the WCW. To his credit, he did help make WCW beat WWE in ratings for over a year and a half because the creation of the nWo. However, that would eventually be the downfall of WCW. No new talent was being created or pushed to the main event, and he kept on building WCW around aging stars like Savage, Nash and Hogan. Bischoff did not know how to use the responsibility that was placed on him, as he wanted to be “one of the boys” with the likes of Hogan and Nash. Moreover, he gave out huge guaranteed contracts to aging talent and creative control to some others. By late 1999, WCW lost five million dollars a month which led to Bischoff being relieved of his duties. WCW would never recover from the loss.
Sources: bleacherreport.com, slam.canoe.com, thesportster.com
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