More details of the updated NXT UK contract situation has been revealed, according to a report from the Wrestling Observer Newsletter (subscription required). With news coming out of the NXT UK talent receiving various tier contracts and that major stars were restricted from competing outside of their brand, Dave Meltzer is reporting that WWE’s agreement with various UK promotions allows them to ‘purchase and shut down’ the promotion if they wanted to.
“Part of the WWE’s working agreements originally offered and agreed to were that WWE would have the right for the next several years, if they choose, to purchase the companies for an agreed upon price (high six figures in at least some cases) and then shut them down so they would no longer compete “with themselves” with the idea that would take place when they were running full-time schedules in those markets.”
WWE currently has a working agreement in place with PROGRESS Wrestling and Scotland’s Insane Championship Wrestling. The two promotions have commonly used the top stars of NXT UK as well as SmackDown superstar Killian Dain. Earlier it was reported that a list of “non-compete” promotions was revealed, though IMPACT Wrestling was not a part of it.
Current NXT UK stars, including WWE United Kingdom Champion Pete Dunne and Tyler Bate, were granted permission to compete at Destiny Wrestling, though it won’t be for live streaming and for the audience only.