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October 16, 2000 Wrestling Observer Newsletter: Potential WCW sale, New Japan vs. All Japan, plus more

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With its wrestlers in Australia and its front office personnel in a total state of uncertainty, media reports continued hot and heavy regarding a potential imminent sale of World Championship Wrestling.

While virtually all reports listed Mandalay Sports as the prime suitor, with a group headed by Eric Bischoff, most of the talk over the weekend involved a longshot in the deal which has been rumored for some time, the potential of the World Wrestling Federation buying out its long-time competitor, particularly after a story on 10/9 in Multi Channel News.

Based on sources very close to the details of the potential sale, no deal has been finalized at press time. Both companies, and perhaps others, are involved in various degrees of negotiations to purchase the company from Turner Broadcasting, which has owned the company since buying out Jim Crockett Promotions in late 1988. Those close to the negotiations expect a deal finalized within the next two weeks. 

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