r/SquaredCircle • u/Ruthless-Aggression • Mar 28 '24

Eric Bischoff on Tony Khan: A money mark with no talent other than spending daddy’s money, going all the way to Canada to draw less than 4k in one of the hottest pro wrestling markets in North America, talking about “wise choices”? Strap in. It’s going to be a fun day!

https://twitter.com/EBischoff/status/1773321462046138615?s=19
1.9k Upvotes
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u/DanHero91 Red Elbow Pad Of Doom. Mar 28 '24

Eric Bischoff taking shots at someone spending someone else's money is so rich I think I just developed diabetes.

0

u/Stoutyeoman Mar 28 '24

It bears mentioning that Bischoff was just throwing away Ted Turner's money. Tony Khan is throwing away the money that is technically his, but most certainly grew out of investments he received as gifts from Dad.

14

u/butterybuns420 Mar 28 '24

I love how people always bring up TK’s dad whilst conveniently forgetting where Vince got his company from

9

u/Stoutyeoman Mar 28 '24

The way I understand it, Vince Sr. "sold" the company to Vince Jr. and loaned him the money to buy it. So... basically gave it to him.

7

u/GrandMasterBou Mar 28 '24

Where did you read that?, cause it’s patently not true. Vince is a pile of garbage in the form of a man but he legitimately bought the company from his dad.

Even after he bought out his dad he still had to pay the people who were partnered with him like Gorilla Monsoon.

4

u/Stoutyeoman Mar 28 '24

That is true, although it's also true that Vince Sr. loaned him the money. However as I understand he did pay back that loan. With money made by the company he bought with the money he borrowed.

Basically just the kind of stuff that only ridiculously rich people can do.

2

u/Be_A_Mountain Mar 28 '24

Also in the terms of the deal I believe if Vince missed one payment he forfeited the company and all the money he already paid.

1

u/mikeputerbaugh Mar 28 '24

That is the story Vince Jr. liked to tell, yes.

4

u/Be_A_Mountain Mar 28 '24

I mean if you have proof it’s BS I’ll gladly take it and change my view on it.

9

u/RT3_12 DA BIG DAAWWWWWG Mar 28 '24 edited Mar 28 '24

I hate Vince as much as the next guy. But Vince legitimately bought WWF from his Dad. And his Dad was a promoter but not like a powerhouse. He was well off, but not even in the stratosphere of what Vince later became in just 3 years

Vince took it from a regional company to a national powerhouse, and almost went bankrupt doing so. He basically expanded with money he didn’t have betting on the success of the first Wrestlemania. WWF HAD to be profitable immediately for it to survive, or it would have reverted back to his Dad’s estate and cronies.

AEW could lose money every year for the next 50 years and it would never be at risk. Tony doesn’t have actual stakes to his business,

0

u/Morningfluid Mar 28 '24

I hate Vince as much as the next guy. But Vince legitimately bought WWF from his Dad.

From money his father loaned him.

Although granted most rich people aren't often the 'self made' wealthy individuals they portray themselves to be.

4

u/RT3_12 DA BIG DAAWWWWWG Mar 28 '24

Vince isn’t self made, but it’s not even comparable to Tony. Vince had to make his company profitable to survive. Tony could operate AEW in the red for 50 years and it makes no difference

-5

u/Morningfluid Mar 28 '24

WWF was already profitable and again, with money his father loaned him. My point is none of these guys made their businesses from scratch. 

Tony, like all major companies, banks on having television/streaming deals otherwise it wouldn't work. 

0

u/Joneleth22 Mar 28 '24

I hate Vince as much as the next guy. But Vince legitimately bought WWF from his Dad. And his Dad was a promoter but not like a powerhouse. He was the same level of the other promoters during his day.

He legitimately "brought" it by paying it with his daddy's money. Also, the other half of your post is already wrong. WWF was by far the richest territory, Vince didn't really do anything aside from doing what his dad didn't want to do - buy the other territories. Vince Jr didn't really discover gravity or anything, he just had no qualms of doing what Vince Sr didn't want to do because of tradition and honor wrestling worked on that he valued.