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Wednesday news update: Foley linked with TNA, Bischoff on wrestlers taking WWE to court, and lots more

Wednesday August 13 BY Phil Lowe

- Smackdown spoilers are up on the site at this link. As noted in the spoilers, Colt Cabana worked last night’s tapings under the name Scott Goldman. Rick Braddock, who also worked the show, is Jay Bradley, who has spent recent months in WWE’s developmental territory in Florida along with Cabana.

- The online version of The Sun here in the UK is reporting that Mick Foley may be heading to TNA once his WWE deal expires. I’ve heard nothing suggesting a deal is in place, but given that Foley was as good as going to TNA before he re-signed with WWE last time around, it wouldn’t be a huge surprise. It also wouldn’t come as a huge surprise if the report, which quotes somebody allegedly close to Foley, leads to a better deal for Foley to remain with WWE. Should Foley go to TNA, he’d likely work a limited number of shows similar to the deal Sting currently has.

- Eric Bischoff has written an interesting blog on his official website, looking at the recent revelation that three former wrestlers who were contracted to WWE are looking to take the company to court, challenging their ‘independent contractor’ status. Raven (Scott Levy) is one of the three.

Bischoff wrote: “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.

“Back in 1998, when the full impact of the Turner/Time Warner merger began to manifest itself as a power grabbing corporate orgy of gamesmanship, one of the issues raised by some executives that tried previously (and unsuccessfully thanks to Ted’s vision and the performance of WCW at the time) to divest the Turner Broadcasting portfolio of the WCW division, was the concern over the independent contractor/employee status of WCW’s talent. The argument as I remember hearing it (I wasn’t invited to the meetings) was that the exposure to Turner/Time Warner due to a potential adverse IRS determination regarding this issue could have resulted in fines, increased cost of business going forward, and a hit to TWX stock as a result.

“Fast-forward 10 years later. WWE is now a publicly traded company. It is responsible to its shareholders, and therefore must react to market conditions and influences much differently than when it was a privately held company. 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.”

Interesting stuff. You can read Bischoff’s blog in full at this link.

- Latest UK ratings courtesy of Ian Hamilton: Raw from July 28 drew 59,000 on the Thursday night replay (up 7,000 on the previous week). Smackdown from August 1 drew 68,000 in its first airing (+9,000) and drew 46,000 on Saturday morning’s replay. Saturday Night’s Main Event drew 55,000 on Saturday night and drew 42,000 on Sunday morning.

- AWA Superstars promoter Dale Gagner, who has been involved in an ongoing court battle with WWE over his use of the American Wrestling Association name and trademarks, has suffered a heart attack. Dale’s sister posted the news on the AWA website, noting he was taken to hospital late last night.

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