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4 comments on this story
Linda McMahon ran for Gov of CT twice and lost spending millions of dollars out of her own pocket despite she and her husband had declared bankruptcy 20 before on millions of dollars of luxury items they refused to pay back after emerging despite their immense wealth.Figures this selfish dishonest hag would support Ducey
@Cactus Dave
All right, now I know you’re lying. I have followed the wrestling business very closely, especially the behind-the-scenes goings-on, since the late 80’s. I am no fan of the McMahons, and truth be told I hate what they’ve done to the wrestling business. But, I can tell you with certainty that they never had to declare bankruptcy.
Oh, and she didn’t run for governor. She ran for US Senate. And, what’s the problem with her spending money out of her own pocket? I wish more candidates for political office did that.
When the McMahons and the WWF were embroiled in the Monday Night Wars (google it), the WWF wasn’t doing so great and closing up shop was considered somewhere around ‘97. That’s the closest the McMahons ever came to any sort of insolvency. But, before it came to that they were able to reverse the fortunes and turn the tide in their favor. Their competition, World Championship Wrestling, self-destructed due to corporate interference as a result of the Time Warner merger and in March of ‘01 the McMahons emerged victorious from the war, and since have had a near-monopoly in the wrestling business.
Bankruptcies are public records. If the McMahons did file any sort of bankruptcy, the documents would be all over the pro wrestling forums just like the docs from the ECW bankruptcy are.
Bret I meant Senate…Other than that I stand by what I wrote. I was living in CT at the time and the most certainly did declare bankruptcy…in fact it was a big issue! Google it…I have a problem when rich people are trying to buy offices so they can cut taxes for themselves…McMahon doesn’t do anything if it isn’t for herself
@Cactus Dave
Fine, I googled it. And, you’ve got to be kidding me. 1976? Vince McMahon wouldn’t purchase the WWF from his dad and his dad’s partners for another seven years after that. He was still young and far from striking it rich at that time. Vince took a couple of shots at what ended up being miserable ideas. He is far from the first person to do that in this country. This is why bankruptcy protection exists, to encourage people to innovate and take chances. It is one link of the chain in why our country was the economic powerhouse for as long as it was. Again, I am not a fan of the McMahons. And, to be honest defending them is somewhat painful for me. But, I have to tell it like it is.
Especially in today’s economic climate, using bankruptcy as fodder to jam up a political candidate will most likely win you more enemies than friends. A lot of good people have ended up filing bankruptcy at some point in their lives, especially during this recession that we’re slowly emerging from now. If you’re going to use a past bankruptcy to judge someone, especially a bankruptcy that happened almost forty years ago, then I say that says a lot more about you than it says about the person filing bankruptcy, and is really just petty.
If you want to vilify Linda McMahon, use the tip-off memo to Zahorian instead. You’ll do much better.