[VIDEO] Bischoff who formerly ran WWE's former competition WCW - the purchase by WWE was done over 20 years ago believe it or not - discusses why he doesn't believe any rumors of the McMahon family selling their longtime promotion going back to the 1950s when they were the Capital Wrestling Corporation.
The word you will hear is fiduciary responsibility. The cuts to their talent roster which I'm includes not only the wrestlers, but perhaps other on-air talent such a play-by-play. Perhaps it makes no sense to keep talent under contract if you're just not using them week to week. And this is more about satisfying shareholders or probably shoring up finances to make an acquisition.
So what you hear Bischoff stating for the record is why they've been releasing a lot of their talent from Samoa Joe to the IIconics to Mickie Jaymes to Braun Strowman to Aleister Black to Buddy Murphy and I could go on. Some of those names are a shame especially since many of them were featured on TV fairly recent. And it leads me to believe some of these just has to be work.
Last year they released Drake Maverick for similar reasons "budget cuts" and this was while he was featured in a tournament to determine the interim cruiserweight champion. Well although he didn't win the cruiserweight title, he did sign a contract to perform on the NXT brand after his match.
I get the feeling for some of the talent released in April, May, or even June we might see them again in a WWE ring. And while this wasn't a part of any mass firings Zelina Vega - who is the legit wife of one Aleister Black - she was released due to discussing unionization and her unwillingness to let go of her twitch accounts as some wrestlers reportedly uses sites like this for extra revenue. She was said via many dirt sheets to be working at the WWE Performance Center.
Who knows, we may find out soon enough the status of these many talents that WWE has let go of.
