Originally Posted by The Wrestling Arsenal
~Despite many reports and rumors that the PPV ECW held on January 7, Guilty as Charged, would be their last show, it can now be confirmed those reports to be false. Despite being in serious financial trouble for the past few years now, ECW owner Paul Heyman has reportedly found a financial backer to well, back the company financially. No one has been able to get a leak on any information about the financial backer. Whether the backer is a group, or person, remains to be a mystery. And that is what it’s looking to stay as, a mystery.
~In an effort to stop the company from bleeding money, ECW's syndicated show, Hardcore TV, has been canceled, effective immediately. The show aired throughout the middle of the night throughout different regions of the USA, mainly along the east coast. However, the show was only hurting the company from a financial standpoint, and with the company looking to save money while getting back onto national TV, Hardcore TV is the first sacrifice to be made.
~Paul Heyman has openly stated that ECW must get back on national television to stay alive, and that will be his goal throughout 2001, getting a new television deal. Reported networks that Heyman is either interested in working with, or networks interested in ECW, are: Comcast, E!, Cinemax, MTV, Showtime, and the USA Network. For ECW, the main selling point for them will be which networks will pay for their production cost, and which will not. More on this as it occurs.
~With the financial backer now supplying ECW with some funds to keep the company afloat, the main goal of Heyman and his backers have been to work on paying back the wrestlers and staff that Heyman has owed the most money to, namely ECW’s top star, Rob Van Dam. Van Dam is owed roughly one-hundred and fifty thousand dollars. The other two men owed the most are longtime members of the company, Tommy Dreamer and Joey Styles. All three men have reportedly been paid some of the assets owed to them.
~Despite wrestlers getting their paychecks all paid, finally, wrestlers are still rumored to be exploring other options. World Championship Wrestling and the World Wrestling Federation both are reported to be interested in a number of ECW wrestlers, including, but not just, Rob Van Dam, Jerry Lynn, Rhino, Super Crazy, Guido Maritato, Yoshihiro Tajiri, and even Joey Styles and Joel Gertner. One man who has already left the company is Steve Corino, who walked out of the company following Guilty as Charged after not getting paid for his appearance in the ECW World Heavyweight Title match. Corino is widely expected to sign for World Championship Wrestling in the following days.
~With the chance of current ECW wrestlers heading for higher pastures, ECW is reported to be looking at bringing back veterans of Extreme Championship Wrestling, as well as some of the up and coming independent talent. Former ECW alumni linked with the company include men such as Juventud Guerrera, New Jack, the Pitbulls, Psicosis, Public Enemy, Sabu, and Scorpio. Independent talent includes up and comers such as the Amazing Red, Boogalou and Homicide, Danny Dominion, Donovan Morgan, Michael Modest, Michael Shane, Scoot Andrews, and Xavier. While those names are just options, two men who are expected to start taking bookings with ECW are the 2001 ECWA Super 8 Winner, Low-Ki, and the third generation superstar, Teddy Hart. Both men are seen as great talents, and could definitely have a great future in wrestling.
~As of right now, Paul Heyman is continuing to stress how much of an importance it is that ECW gets away from syndicated television, and get back on national television. The basic view point at this point in time in the ECW locker room is: If ECW does not get back on national television by the end of April, ECW will be a dead fish. Many fear that if ECW continues on syndicated TV, wrestlers will walk, and more importantly, so will the financial backer. ECW has narrowed down its candidates of suitors; MTV, Showtime, and the USA Network. Heyman will have meetings with them all immediately. Heyman will first be meeting with MTV, but many critics do not believe that ECW will be able to land a deal with MTV. For those who aren’t aware, MTV is the current host of Sunday Night Heat, the ‘B’ show of the World Wrestling Federation. Despite this, Heyman insists to try and talk to them about getting a TV deal; only time will tell what happens there. It seems that ECW's main target is the USA Network, followed by MTV. Showtime is nothing more than an alternative to the other two networks; Showtime would generate the lowest ratings of the three, but would allow the least restrictions. But nonetheless, Heyman's top network is the USA Network.