>>4693937The actual reason Vince was able to acquire it for so little was because Brad Siegel didn't even field offers from other buyers and gave it to Vince for nothing
>While Fusient was still at the negotiating table [and negotiating in good faith], Siegel was contacting his friend Stu Snyder at the WWF to figure out what needed to be done to make sure the WWF got the deal." According to Bob Ryder, Siegel and Stu Snyder (the top WWF exec who brokered the deal) were friends and co-workers when Snyder worked with Time Warner. It is widely believed that Siegel offered the job of WCW President to Snyder near the end of the Busch era, but that Snyder turned it down and went to work with the WWF.">"There were at least four offers from people who were willing to pay much more than the WWF paid..... A group headed by former WCW exec Jay Hassman had tried several times to be included in the bidding, and they were ignored repeatedly.">WCW gave Jerry Jarrett all the information he needed to make a bid but he was stonewalled. Jarrett received virtually every important financial document needed to put his deal together, and still has those documents. Jarrett was being represented by one of the top investment bankers in the country, and Siegel refused to return his calls.>All of the intellectual properties and assets of WCW were sold by AOL-Time Warner for a staggeringly low $2.5 million. This is despite an offer from Bischoff/Fusient Media Group for $48.3 million, just days prior to the sale to WWF.>The Fusient offer included a $5 million deposit - so, even if the deal had collapsed, TBS would have picked up double what they've now got from Vince. Moreover, Fusient had agreed to take over every contract - relieving AOL-Time Warner of more than $15 million in salary payouts. Instead, as things now stand, Time Warner will be paying Goldberg more in one year than all the money they got from the sale of WCW. 
