World Wrestling Federation
In 1980, Vincent K. McMahon founded Titan Sports, funds Inc. and in 1982 purchased Capitol Sports from the company his father, Vincent J. McMahon. Since the age of 12, Vince was involved in the wrestling business until his father decided to retire. The old McMahon had already established the northeastern territory as one of the strongest and most recognized members of the NWA by recognizing that professional wrestling was more entertaining sport. Against the wishes of his father, McMahon began an expansion process that fundamentally changed to sport, and that would put the WWF – and his own life – in jeopardy.
Leaving the NWA for a second time if that was not a big step, the AWA had, long time, no longer an official member of the NWA, and a decade before the WWWF had been re-unite the NWA . But in any of the separate member had tried to destroy the system of land from the National Wrestling Alliance, which had been the basis of the industry.
Logo of the WWE / WWF from 1980 to 1992.
Other developers were enraged when McMahon began to organize events in WWF television stations around the United States, in areas outside the traditional territory of the WWF (the northeast). McMahon also began selling videotapes of WWF events outside the Northeast through his Coliseum Video distribution company. Actually broke the law “inedita” Ernst of regionalism investments around which the industry was based. To make matters worse, McMahon used the income generated by advertising, television treatment, and tape sales to steal talent to rival developers. The wrestling promoters around the nation were now in direct competition with the WWF.
According to several reports, Vincent father warned his son that if he continued with his actions end up dead. However, despite this warning, the young McMahon had a greater ambition: the WWF would move around the nation. However, such action requires a Asset Management large amount of capital investment, one that could put the WWF on the sidelines of a financial collapse.
The future of not only funds experiment of Vincent K. McMahon, but the WWF, the NWA, and the industry would be completely determined by the success or failure of the new concept of sports entertainment McMahon, Wrestlemania. Wrestlemania event was a pay-per-view (Pay-Pew-view) that Vincent K. McMahon marketing as the Super Bowl of professional wrestling.
The concept of a wrestling super billboard was not new in America, the NWA Starrcade done for several years prior to WrestleMania, and even the old Vincent K. McMahon had marketed large billboards at Shea Stadium in New York closed-circuit broadcast in several places. However, McMahon wanted to take the WWF to the main channels, impacting the Asset Management general public that it was not regular fans of wrestling. He earned the interest of the mainstream media by inviting celebrities such as Mr. T and Cyndi Lauper to participate in the event. MTV, in particular, had a lot of coverage and schedule of the WWF at this time, in what was called the Rock ‘n’ Wrestling Connection (Connection rock and wrestling).
Get more:
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- Investing with Exchange-Traded Funds Made Easy: A Start-to-Finish Plan to Reduce Costs and Achieve Higher Returns (2nd Edition) by Marvin Appel (Hardcover – Oct 27, 2008)
- Managing Risk in Alternative Investment Strategies: Successful Investing in Hedge Funds and Managed Futures by Lars Jaeger (Paperback – Jul 25, 2002)