WWE.com Article about the Failed WCW Big Bang PPV Relaunch in 2001

“Many of you may know that for the past six months, I’ve been working with a group of people whose goal it was — and is — to acquire World Championship Wrestling and to grow it once again to become a competitive, dominant wrestling organization worldwide,” Bischoff said with a defeated tone. “But recently we’ve hit a couple of roadblocks that may be, in fact, brick walls.”

He scheduled a “night of champions” for the following week’s Nitro in Panama City, Fla., and invited all former World Champions to appear, hinting that it could be the final night of wrestling on a Turner network. Now that the TV timeslot, supposedly a sticking point in WWE’s previous talks with Turner, was gone, WWE resumed negotiations. That Friday, WWE announced it had purchased WCW from AOL Time Warner for an undisclosed sum, but estimates had it around seven-figures.

Shane McMahon and WWE brass headed to Florida, for the final Nitro, which Mr. McMahon opened by announcing that he officially owned WCW. The Monday Night War was officially over.

When Bischoff looks back 15 years later, though, he can’t help but think WWE’s purchase was the healthiest move for the future of sports-entertainment.

“Had Fusient been successful in buying WCW, ultimately there would have been no one on that side of the equation, including me, that would have had the commitment to the business that Vince McMahon has had throughout the years,” Bischoff said.

May 6 ultimately came and nothing happened. The creation of a new WCW was forming in WWE, and the “big bang” didn’t occur until May 28, when WCW Superstar Lance Storm ran into a WWE ring and kicked WWE Superstar Perry Saturn in the face. Three weeks later, DDP joined him on Raw, as well as an influx of WCW Superstars as part of an Invasion.

As for Big Bang, Bischoff thinks it was a success.

“I did such a great job at creating anticipation, that people are still anticipating, to this day, the pay-per-view that never happened.”

/r/SquaredCircle Thread Parent