It looks like even the mighty WWE can’t escape the colossal economic effects brought by the COVID-19 pandemic. Various sports leagues have been assessing their financial condition to determine if it is still viable to continue the season or cut it short and the WWE is no exception.
The WWE is well known for its stable of superstars, including such legendary figures as Andre the Giant, Hulk Hogan, John Cena, The Rock, and others. The company has been evaluating several business strategies to try to maintain its operations during this time of economic crisis and has ultimately decided to cut some of its “talent expenses.”
To that end, the WWE is terminating the contracts of several of its wrestlers as well as furloughing office employees. The company has yet to say exactly how many of its wrestlers are being given their pink slips, but the list reportedly runs the gamut and includes former champions and newcomers alike.
The mass termination comes fresh on the heels of the WWE resuming both its weekly broadcast from the WWE Performance Center as well as Wrestlemania 36 – both without a live audience for the first time ever.
As mentioned previously, the WWE isn’t providing a lot of detail about which wrestlers are being let go. Here is a partial list of confirmed WWE terminations:
In addition, Scott Dawson and Dash Wilder – better known as the tag team The Revival – were released from their contract on April 10.
In related news, the XFL, a professional football league started by WWE chairman Vince McMahon to fill in the void between the Superbowl and the start of the NFL pre-season, filed for bankruptcy last week.
This was McMahon’s second attempt at a professional football league. The first, also called the XFL, was started in 2001. Feeling that the NFL had become too dull, he thought that by blending elements of professional wrestling with those of football would give fans the excitement they craved.
Fans disagreed, however, and due to poor attendance at games as well as plummeting television ratings, the league shut down after just one season.
Images courtesy of WWE/YouTube Screenshot
The online betting industry is rising on a global level. Statistics have shown that the…
As the current COVID-19 crisis continues to disrupt the lives of millions of Australians and…
Australia has yet to qualify for the World Cup in Qatar next winter, but they…