Eric Bischoff has posted a new blog on his official website where he discusses the litigation that has been filed by Scott Levy and other wrestlers against WWE. Levy is arguing that wrestlers should be hired as employees rather than independent contractors. Bischoff says this same issue came up during the AOL-Time Warner merger and the volatility of it was one of the factors that led the company to liquidate WCW. “This is a complex issue and it is going to be a very interesting situation to watch un-fold as it may have profound impact on WWE and TNA.”
He adds, “While the Chairman can stack the deck with a Board of Directors and executive management team that looks more like a friends and family reunion than anything else, should the IRS determine that WWE’s contracted talent are employees and not independent contractors, there is the potential for significant fines, expenses, and cost of doing business on a go-forward basis that could have a serious negative impact on WWE stock.” You can read the entire blog by clicking here.
MMAJunkie.com is reporting that Bobby Lashley’s mixed martial arts debut fight for the American Fighting League might be pushed back. There are many MMA shows booked for October and the company is considering pushing the show back a month or two.
Nick was born and raised in Detroit, Michigan, and lived there until the age of 18, when he decided to pack his flack jacket and move to New York City.
