The groundwork is being laid for a new wrestling promotion. It involves some of the top players in the industry and financial backing from a billionaire family already involved in professional sports.

Jim Ross and Chris Jericho have been working with renowned agent Barry Bloom in putting the pieces together. JR’s contract with WWE expires shortly and he has declined an offer to renew. He has been sending out feelers to select WWE performers, while Jericho has been handling the New Japan side. Bloom was recently in Japan taking meetings related to this deal.

 

Jim Ross & Chris Jericho Working With Billionaire To Launch New Wrestling Promotion (Exclusive) - SEScoops

 

The Promotion is being finance by none other than Shadid Khan, one of the wealthiest men alive and also the owner of the Jacksonville Jaguars. Apparently several big time wrestlers are on board including Cody Rhodes, Young Bucks and Hangman page....Also it's worth noting that Bill Goldberg is a client of Barry Bloom

 

Another wrestling promotion, with the way WWE is now, do you think that this promotion could give Vince and company a run for their money?

They could definitely compete with the WWE, assuming big money is really being invested.