In an update to previous reports that Eric Bischoff may be considering creating a new wrestling promotion pending the success of Hogan’s new celebrity wrestling show, it now appears that Bischoff has some sort of a model in mind. He said that he would need a $100 million budget, and that it would take about 5 years to become successful. He has stated on numerous occasions that his idea for a promotion would have to be totally different from WWE, as he feels TNA’s model of business doesn’t work.
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