>>16031238They were not doing decent attendance or business. Their ppv and live event business had completely collapsed by 2000 and their ratings were a fraction of what they were a year and a half ago.
When you have no money coming in, and you have to pay millions in contracts, renting arenas, setting up the shows and lose your advertising money, you will lose a lot of money very, very quickly.
There was no conspiracy with Turner. Bischoff overspent and shit the bed when the thing went sideways due to a laughably bad product that drove paying customers off by the boatload.