Black Saturday: The unbelievable story of the original invasion

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July 11, 2013

WWECLASSICS.COM: What was your relationship with Ole?

BRISCO: Very volatile. We did not get along or agree on a lot of philosophies. But we agreed to a deal where Ole would pay us a little bit of money on the side. He continued the payments for about three or four months, then dropped them because he said business was so bad. But it wasn’t. We were aware that business was really good in those new markets we were running. Ole was not going to change his income, but he wanted to take money away from us.

WWECLASSICS.COM: Who were the other shareholders of Georgia Championship Wrestling at the time?

BRISCO: Jim Barnett, Bill Watts, Fred Ward and his two son-in-laws, Jack and I had a great deal of it, but the majority was owned by an elderly guy who’d started Georgia Championship Wrestling called Paul Jones. Paul was an old amateur wrestler that really liked Jack and I because we came from the same background. He wasn’t making any money either and he wanted to do something about it. We told Paul that we were looking to sell our shares of stock to Vince McMahon and he said to include him in it. Jack asked for his voting proxy, so an attorney drew up an agreement where we had Paul Jones’ voting proxy for his shares of stock. That put us over the 50% range that we needed to get the deal done.

WWECLASSICS.COM: Did you ever try to sell to anybody other than Mr. McMahon and WWE?

BRISCO: We made a couple of overtures to Crockett and to a couple of his partners — the Murnick brothers, whose father had run Virginia and parts of Carolina for Crockett. They told Ole about it and Ole told [the Murnicks] that we were charging too much money. After that, there was only one other guy out there and that was Vince.

WWECLASSICS.COM: So after you met with him in New York, the deal was basically done?

BRISCO: After flying into LaGuardia and having that meeting in the conference room, Vince said that if we could put together the deal, he’d be glad to consider the buyout. It probably took about six months to get the deal done after that.

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