To the victors go the spoils, or so the old adage teaches society, and thus what has been written and said about the now defunct organization World Championship Wrestling has, on multiple occasions, made it seem as if it was nothing short of a fluke that the company managed to survive for as long as it did before it was essentially swallowed up whole by World Wrestling Entertainment. There is no denying that WWE emerged from the “Monday Night Wars” as the overall winner, the last significant North American promotion worthy of earning nationally televised deals from providers located in the United States.
Things were not always this way, as there was a time when WCW was legitimately the top pro wrestling organization in all of the world, one making millions upon millions of dollars in profits on a yearly basis. WCW had such a hold on the business at one point that there were concerns that juggernaut the World Wrestling Federation would be the entity to eventually succumb in the battle for wrestling supremacy. While WWF Vince McMahon and others within the company steered the organization into the “Attitude Era,” WCW began consistently tripping over itself with poor decision after poor decision.
WCW was always gong to lose momentum. It was, as would be the case for any business, inevitable. Those tasked with leading the company in the 21st century were thoroughly unprepared for the job that was ahead of them, and WCW would not last through the end of March 2001 before it was forced to close up shop. It should be pointed out that 20 separate events did not lead to the demise of WCW. Books have been written on the subject, but it would take an encyclopedia to adequately break down all that went wrong with the company that caused it to sink like that Titanic.
20 Eric Bischoff Turns Heel
19 Hogan Sees The Wall
18 The Final Ever WCW Nitro
17 Sid Breaks His Leg
16 Scott Hall Drunk
15 RoboCop Helps Sting
14 David Penzer Technically Wins World Championship
13 Vince Russo “Shoots” on Hulk Hogan
12 Hogan Sees Warrior in the Mirror
11 Vince Russo Wins World Heavyweight Championship
10 Yeti Bear Hug
9 The Starrcade “Slow Count”
8 new World order Reforms...Again
7 Hulk Hogan “Kills” The Giant
6 Kevin Nash Ends Goldberg's Streak
5 David Arquette Wins the World Title
4 Ric Flair “Heart Attack”
3 The Shockmaster
2 Fingerpoke of Doom
1 “That's Gonna Put Some Butts in the Seats”
WCW giving away the results of pre-taped versions of Monday Night Raw was a standard practice early into 1999 when commentator Tony Schiavone famously said the following words about Mick Foley winning the WWF World Championship after (allegedly) being directed to do so before the final segment of a Nitro broadcast: “That's gonna put some butts in the seats.” Wrestling fans interested in seeing that historic moment changed the channel over to Raw, and the WWF won the ratings war that night. Wrestling insiders have long pegged this a moment when the Monday Night Wars forever changed.
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