Monday, February 9, 2015

On Article in Market Watch About who will take over after Vince McMahon

This is my comment on article by Kevin Riley entitled Analyst on WWE: The Company 'May Have To Look Outside For A CEO'

First off in article he is saying that HHH and Stephanie McMahon aren't being introduced to investors as them taking over the business.

I just want to say this HHH and Stephanie McMahon know what they are doing and they have been trained for their jobs. I first want to give a back story of Vince McMahon and his company before I address this statement. I watched the Austin Podcast and saw the McMahon history unfold before my eyes. Around the time I was born Vince wanted to get into his Dad's company. His Dad didn't want him in the company, but he got chosen to go in. Vince was unprepared for what his life would be like and he was a visionary. He took the WWE to height unheard of and sure I routed for WCW, but Vince came out on top. He managed a company that went global and sure he made lots of mistakes that nearly cost him his business, but he bounced back.

Vince as what Jesse Ventura called Vince Jr. The PT Barnum of this time on Coast to Coast AM with George Noory. He not only revolutionized wrestling, he revolutionized the world. Politicians, Sports Athletes, and every sporting event come out to their own theme music. UFC took a lot of tricks from Vince. And your not telling me Vince hadn't thought about who is going to take over his company.

HHH also said on the Stone Cold Steve Austin Podcast that Vince gave him the developmental, NXT, he understands the business and he understands how to get people over and he understands the behind the scenes with the show. He worked the gimmick of Daniel Bryan. HHH has been in the business for 20 years + and has learned a lot as Stephanie has. Vince was doing most of it alone. His wife was there, but didn't take as much interest in the product as Vince. However, you have a couple working together in unison on one product. If you remember where Vince was where he started and what he did for wrestling and remember, he and his wife bought the company, and now to a global company he has done a lot.

However, I want to give you evidence of someone who went into the wrestling business and failed because they knew nothing about how to run a wrestling promotion. It is the story of WCW. Ted Turner bought WCW and put a President in charge. Some of them knew nothing about wrestling and put a booker in charge who eventually had everyone booking the show. Only one who made a profit was Eric Bischoff, but they would not let him do what he needed to do to catch up to WWE, because of Time Warner.

See as Eric Bischoff put in his book Controversy Creates Cash, Time Warner wasn't out to eliminate wrestling, they want the Atlanta Hawks, Atlanta Braves, and most of the sports off TV.

And now 15 years later all that is on TBS is comedies which are in reruns, two new shows, movies, which the same movies air all the time and etc.

I don't even know what the hell is on TNT. The first time I watched it was when Dallas came back on TV.

Ted Turner was a CEO who was outside the business and you see what happened. And I know Vince wouldn't put Eric Bischoff or Hogan to run his business.

So you see. Maybe, the best candidates would be HHH and Stephanie. You need someone to eat, sleep and breathe the business. Other promoters wouldn't understand the business and you need someone young and in shape for that business.

HHH might not be ideal for that position some would say, but he has NXT as his accomplishment. He has talent just sitting waiting for the call. WCW had the power plant, but WWE has a minor league system.

And I think, creating a Dean Ambrose, Daniel Bryan, Bray Wyatt, Roman Reigns, Seth Rollins, Rusev, Luke Harper, and other talent such as Big E Langston Just to name a few who made it.

Let's face it talent doesn't last that long in the WWE and they might go elsewhere such as TNA, but lets face it the only promotion in town is the WWE. As Vince says they are Sports Entertainment. They are competing with everyone. They needed a streaming network in order to compete with the online market.

Kevin Riley says that someone should take over WWE and be the CEO after Vince, but Vince ain't dead yet. He loves this business and will do what it takes for it to succeed after he leaves this world. And I believe he has trained HHH and Stephanie well should they take over the business. Only Time will tell.