Crockett’s WCW Sale

> I’m loving the Wrestling Observer Flashback posts. I find the stuff news on Crockett’s WCW sale to Ted Turner interesting. But what exactly caused them to have to sell in the first place? Was WCW business on the decline at the time?That would actually be pretty amazing if you look at their roster at that time? Might even be better’s than the WWF’s. Or was it something else?

Revenue wasn’t the issue as such. Business was fine, but Crockett was spending millions on expansion, overpriced contracts, and ridiculous expenditures like new offices and private jets. They were millions in debt and Dusty’s shitty booking started killing their best cities. They weren’t lasting past 1988 without the sale.