Originally Posted by Yosihait
The question is, does the physical year starts in January?
I think it lasts from August till August, therefore most of the money that was lost was during Nash's year.
Not sure, but I see an article from 2007 that then WWE CFO Mike Sileck expanded the fiscal year, at the time beginning in April, to a calendar year.
And an article here http://sec.edgar-online.com/world-wr...section30.aspx
contains information as far back as 1997 that also says the fiscal year for WWE ends in April.
Just an excerpt:
During fiscal 1995, the Company entered into a Note and Security Agreement with Charter Financial, Inc. under which the Company borrowed $713 at a fixed interest rate of 10.5%. The borrowing is collateralized by certain equipment. Principal and interest are to be paid in 60 monthly installments of approximately $15, which commenced on April 1, 1995.
EDIT: And in regards to the profit of that term, I never said Diesel made the profit, as there is no way to factually say he was responsible for it. I simply posted all of this because it had been said Diesel lost the company money and from everything I see (fiscal year starting in April), that would mean the first 5 months of his reign, WWE was losing money. Also means that for 7 other months, WWE was possibly making money while he was champion.
And regarding K.W.H., you claim that even if they did make a profit, it wasn't because of Diesel, how is it that if they lost money, it was because of Diesel? Doesn't make sense. You can't blame him for the bad (that wasn't solely because of him) but discredit him for the good (that wasn't solely because of him). And don't get it twisted, I'm not saying he was a good champion or anything like that. You originally said he cost the company money, which I don't see how you can say, especially when you just told me that if it was a profit, it wasn't because of him.
Thats why the ENTIRE roster is held responsible. It's a group effort. One guy can't increase revenue for the entire promotion when everything else is horrible and one guy isn't to blame if they are financially in the negative.
Not to mention, fiscal year of 02-03, WWE lost nearly 20 million dollars. But, it has nothing to do with the actual product that was the cause of that. The wrestling aspect profited over 16 million but the XFL and their restaurant closing saw losses of over 35 million. Losses in the fiscal year of 94-95 were likely only present due to the steroid trial during that period, which cost WWE nearly 5 million.
Mix that 5 million with Diesel supposedly "losing them money" and that loss should have been a lot higher than 5 million.