Original subtitles

[narrator] On July 14th, 1984,

millions of loyal viewers tuned into

cable channel WTBS

to watch its most popular program,

World Championship Wrestling.

Thank you so very, very much.

But instead of a live broadcast featuring the

south's most popular wrestlers...

[Growling]

Fans were shocked by the surprise appearance

of New York promoter...

Vincent McMahon Jr.

Thank you. It is indeed a pleasure

to be associated with WTBS.

And everybody's mouth dropped open.

Did seem like the world of wrestling

stopped at that time.

I was watching the TV. I had no idea it was coming.

Nobody knew why.

You know, the fans of that promotion were furious.

[Phones ringing]

It was a day that would live in infamy,

forever known as 'Black Saturday.'

[Phones ringing]

Vince McMahon's first step toward

his goal of total monopoly.

He had a vision that wrestling should be

national under one person.

Far more than the tale of one man's ambition,

'Black Saturday' is the story of an epic behind the scenes

showdown between titans of the industry.

They kind of hoodoo'd him and snuck it out from

underneath him, more so than him giving it up.

And Ole said, "Well let's do a blood oath."

The first one to break that oath was not us.

So my father, he gets a call,

"They've stolen the company."

A high stakes power play that sets Vince McMahon

on the path toward building

a billion dollar wrestling empire.

It was all the beginning groundwork

of future warfare.

Vince McMahon is a cancer on the wrestling business.

Vince won, he was the best at it,

he was the most vicious shark in the sea.

♪

♪

Welcome to WrestleMania!

-[Cheering] -[Horn Blaring]

For over 40 years the wrestling business has been

dominated by World Wrestling Entertainment,

under the singular control of its owner and mastermind,

Vince McMahon Jr.

But in the early 1980s,

McMahon is just beginning to stake his claim on an

industry divided into regional promotions

known as territories.

♪

In 1983, most wrestling fans

saw Vince McMahon Jr.

as the announcer of the

WWF television program.

Now everybody in the wrestling business

knew that Vince was Vince McMahon Senior's son

and was the guy who had just bought the WWF,

the World Wrestling Federation,

from his father in 1982.

Let's meet Jimmy Cornette and his dynasty of wrestlers.

That's exactly right, let's meet me.

Where did you get that tie, Freddie Miller?

I'm Jim Cornette, and through my 40 year career

in wrestling, I've been an historian, specifically.

I've studied 'Black Saturday' and its effects

on modern day pro wrestling.

When Vince McMahon Junior bought the WWF,

the business in that part of the country

had almost never been stronger.

Since the 1940s,

regional promoters like McMahon Sr.,

did business through a governing body called

the 'National Wrestling Alliance.'

Well, the NWA, they made these bylaws,

and they had territorial boundaries where you

got this territory, and you got this territory.

My name is Dave Meltzer and I'm the editor of the

Wrestling Observer Newsletter and I've been covering

pro wrestling since the early 1970s.

In the NWA, there were always,

always wars and fighting and things like that.

Wrestling has always been kind of like the mafia

without the cement overshoes.

Nobody ends up at the bottom of the river,

just a few black eyes every now and then.

Every year the NWA had a meeting.

All the promoters came.

It was like the Gambino's and the Bonanno's,

and there's the Gotti's.

And it was all the families that came together once a

year and decided the major decisions for wrestling in

the United States for the following year.

The other promoters looked at Vince Jr like an upstart kid.

They didn't realize he wanted to be the

Walt Disney of wrestling.

They didn't understand not only the,

the plans that he had, but the lengths that he was

willing to go to, to have those plans come to fruition.

While some territories showed signs of struggle,

Georgia Championship Wrestling was thriving...

thanks to the shrewd leadership of Jim Barnett.

Barnett was one of the great minds in

wrestling as a promoter.

When he needed to charm people,

he could charm people.

And he had connections outside wrestling.

If you needed to discuss something with a politician,

if you needed to talk to a television executive or a

station manager or a big sponsor,

Barnett was the guy that they called to

make the connection.

Even in today's business, as off the wall as the

characters are, Jim Barnett would still stand out

as a very unique character.

I'm Gerald Brisco, better known as

"Jerry" Briscoe on the wrestling circuit.

Let's go see the world tag team champions

Jack and Jerry Brisco in action.

My brother and I became the only two people ever to

hold both of the eastern championship and

the mid-Atlantic championship.

Right, brother?

Well, they say we're wild and we're mean,

we're creating a scene. We gone crazy.

I got along real well and

learned so much from Jim Barnett.

All the other promoters were ex-wrestlers,

or they were loud and braggadocious.

Jim always wore a beautiful suit with a tie,

and he had the hair slicked back and he had jewelry on.

Does wrestling encourage violence?

I don't think so, no. I never thought so.

He was very different from a wrestling guy.

I mean, he was interested in wrestling,

but he's more interested in fine arts,

which is kinda unique for a, a wrestling promoter.

For a while, they wouldn't let Jim in the NWA until,

geez, like '70.

Because they didn't want somebody gay in their,

in their old boy's club.

Behind the scenes, he was a cutthroat.

He had the ability to cut your balls off and shove 'em

down your throat and you'd thank him for it.

Known as a powerful liaison to TV executives,

Jim Barnett is close to media tycoon Ted Turner,

who airs Georgia Championship Wrestling

nationally on his cable network, WTBS.

Wrestling was the first hit on cable television.

It was Georgia Championship Wrestling.

Turner just took his local Atlanta channel,

17 TV Station, and put up on the satellite,

and everybody thought he was nuts.

Who's gonna wanna watch a local Atlanta television show

in San Francisco, right?

There wasn't so many options for TV,

so it was one of the stations you got.

So you can watch the Atlanta Braves,

and Andy Griffith was big...

but wrestling was the biggest show on the station.

You know, that was like must see.

Coming up next, Georgia Championship Wrestling.

All the stars of the National Wrestling Alliance.

Surprise!

Flew into Atlanta every weekend to appear on

the two hour television program.

[Cheering]

A severe amount of punishment to the heads.

It was the number one TV show on cable TV,

that's how hot it was, I mean...

what made it so hot was a unique combination of

Gordon Solie, the voice of Championship Wrestling.

I'm Gordon Solie, your host.

And the available talent.

There were so many Hall of Famers on that original

list of talent that it's mind boggling that that

kind of group of talent could assemble in

one small territory like Georgia.

Ooh!

I think what made it so special is it was TBS,

first TV station to go all over the country,

and I got to wrestle the best of the best,

I mean the cream of the crop.

My name's Tommy "Wildfire" Rich,

former NWA world heavyweight champion.

-Welcome aboard, Tommy. -Thank you very much, Gordon.

It was crazy.

A lot of times you'd sit back and watch people,

and it would be as big a show watching them as it

would be watching the wrestling, you know.

Oh, Lord, yeah, the Georgia peaches

and the grannies love me, too.

I've seen grannies take their cane and beat Ole Anderson

up with it, 'cause he's beating me up, you know.

I put the TV ring up every Saturday at the TV station.

It was cramped studio, it only held 100 people.

And you packed 'em in like sardines

to get a hundred in there.

Boy Scout groups, Girl Scout troops, church groups...

just fans that loved to come every week.

My name is Bobby Simmons. Started working for ABC

booking when I was 14 years old, running errands,

and then went to work for

Georgia Championship Wrestling.

We had good crowds and we did sell out a lot of arenas.

The day to day operations are handled by

matchmaker Ole Anderson. ..

Ole Anderson!

A veteran wrestler who rules

Georgia Championship Wrestling with an iron fist.

Ole suckered him that time.

Ole was very intelligent.

One of the most intelligent guys,

one of the most well-spoken guys.

He was loud, he was opinionated.

Why don't you be quiet for about two seconds and

let me talk and say something!

But Ole was a great wrestler.

And he had also gotten quite a reputation

as a matchmaker and a booker.

Stop the cameras!

Either you hate him or you love him, or, well...

you don't love him, but either you hate him

or you like him. Let's put it...

[Chuckling] He's kinda hard to love.

[Laughing]

My name is Joe Hamilton Jr. I refereed and

wrestled as "Nick Patrick" throughout my entire career.

I stopped the match myself.

Two! Nick Patrick very slow to make a count right here.

I heard Ricky Morton one time say,

"I don't think Ole Anderson even likes ice cream."

You know, it's like- [Laughing] And I agree,

he probably didn't, you know.

He was just so old school and grouchy but...

a lot of the old timers back then were like that, you know?

They was, being hard ass on the young guys and

making 'em, making 'em learn.

He was what you saw.

My father was very no nonsense.

I think the guy that you saw on the screen was

very much the same guy that ate breakfast with me

the next morning.

And I think that's really part of the reason

he was successful, is because people

could believe what they were seeing.

My name is Bryant Rogowski,

and I'm the oldest son of Ole Anderson.

My father obviously spent years bumping in the ring

and suffered a lot of physical injuries,

and some years ago he was diagnosed with M.S.,

and right now he's just in a state where

he can't really do a lot for himself.

I think he was all about business.

It wasn't long into his wrestling career that

he began to think about being in charge.

Eventually, he bought into the Georgia company.

Ole isn't the only wrestler looking to increase

his fortunes by getting involved in the

financial side of the promotion.

Smart enough!

I started buying my stock in small increments

where it built up to over 10%.

And the same with my brother.

In 1983, the stockholders in Georgia Championship

Wrestling were the original promoter Paul Jones,

a Columbus promoter, Fred Ward,

his son-in-law, Ralph Freed, Jim Barnett's business

partner, Jim Oates, Jack and Jerry Briscoe,

and Ole Anderson.

Although Georgia Championship Wrestling

is turning a profit,

Ole Anderson begins to question whether all the

live show earnings are being accurately reported.

Wrestling had always been a very cash heavy business,

and money had always probably been

siphoned off the top to some degree.

And, you know, "We had to pay off the politician."

Or, "We had to give some money to the commissioner."

Or whatever it was. And I think

surely there was some truth to some of that.

But when my dad started to really pay attention in

Georgia, and realized that it wasn't only him

bringing Barnett a few bucks after this show,

but it was 7 or 8 other guys all doing

the same thing...

he realized that that amount of money,

surely couldn't all be used for those purposes.

I had tremendous concern, you know,

because I wasn't getting a dividend and I'd invested

tens of thousands of dollars.

We finally got Jim to expand into Michigan,

Ohio and West Virginia, part of Pennsylvania,

and we started selling out right and left.

And I was actually doing the settlement

at the shows at the time, so I personally know

the amount of cash that I was taking back to,

to Georgia, and that wasn't getting in

anybody else's pocket but Mr. Barnett's.

♪

Ole was the first one, maybe the only one

at the time, to question Jim Barnett.

The story went around that while Barnett was in

Hong Kong making his annual trip,

because he liked to go to Hong Kong,

get all his new suits made,

Ole either kicks the door in or bust the door in,

whether the accountant was in the office or not,

but Ole got into the books.

It was like Fort Knox trying to get to a,

a box office statement, because he had 'em under

lock and key and the people working in office were

instructed, "Don't let anybody in my office."

It was actually padlocked shut.

Ole, you know, start examining the

books and everything, and he saw, like,

Jim Barnett spending all kinds of

crazy money on phone bills,

$3,000 a month phone bills, and he had a personal chef,

and he had a personal driver.

So, Ole just thought that, you know,

Jim was embezzling money from the company.

They had a meeting of the, the Georgia Championship

owners at a hotel south of Atlanta,

in a conference room.

And Jim handed out the cheques from

the proceeds of the calendar we sold.

Supposedly when Jim left, that's when Ole

came in and addressed the, the owners.

Ole had rallied the troops and gotten the majority of

the other stockholders on his side.

♪

When I get to the office, Jim's door is opened.

The light's on, I thought, "What is this"?

And I heard Ole go, "Bobby, come here."

And Ole handed me all the cheques that I had written

for the proceeds of the calendar, he said,

"Put this back in the bank."

And he told me that day, he said,

"You don't work for Jim Barnett anymore,

you work for me." Ole told me, he says,

"I'm not out to hurt Jim.

I'm not out to put him in jail."

Whatever that meant. He said, "I think I can

run this company and we're gonna do it my way."

He thought everything was black and white,

there were no grey areas, that it was

just business, you acted like businesspeople.

Well...

He found out very quickly that it didn't work that way.

Hell hath no fury like Barnett scorned.

After reviewing the accounts for

Georgia Championship Wrestling,

part owner Ole Anderson tries to convince

his fellow shareholders that manager Jim Barnett

is embezzling funds from the company.

Well Ole would call me and say,

"Well, Jim's stealing all this money."

"Ole, is he stealing"?

"Well yeah, he's using it for his limousine,

he's using it for this, and nobody approved

those expenditures." And, which was true.

Jim would just explain it off,

it's cost of doing business.

We had both sides of the story.

Ole and Jim were not the best of friends.

They were not even good partners most of the time.

They were always at one another's throats..

I'm Louise Cochrane,

formerly known as Louise Bennett,

in Georgia Championship Wrestling.

We were in a lot of debt,

because Jim had promised the buildings

and the TVs so much per week, or per month...

and it didn't matter if we didn't make money.

That was a power play for Ole to move in.

I think it was more than just of a money power thing,

than a Jim is tanking us with his spending thing.

My dad and Ralph,

another stockholder in Georgia Championship,

went downtown to Barnett's penthouse apartment,

and they had a talk with him.

I think my dad probably did most of the talking,

and explained to Barnett, my dad was gonna be

elected president of Georgia Championship.

That's the way it's gonna be, and if you don't like it,

I'm gonna toss you over your railing.

♪

Here you are, 285 pound monster, and you're,

you're bullying this old man.

You did not want to get on the bad side of Jim Barnett

because he could actively

-- with you and your wrestling career.

Now Ole is taking it to a whole new level.

He didn't just no-show Barnett, or stand him up,

or hold him up for more money for

a main event or whatever...

he's run him out of the company.

Barnett knew that he might not be able to

do anything about it then.

You just know that he definitely knew he was

gonna do something about it eventually.

While Ole reorganizes the company under

his own management in early 1983,

Vince McMahon has been quietly strategizing

to expand his own promotion

into other NWA territories.

When Vince bought the company from his father,

at first everything maintained the status quo.

He had plans, but he didn't start

putting them out front of everybody,

where they could tell what he was doing.

But, behind the scenes,

Vince Jr. has these plots in mind before

even the other promoters know that

he's gonna do it.

And the first thing that he's thinking about is television.

♪

Vince McMahon's scheme to steal the airwaves

from other promoters begins by hiring an unlikely ally

as his director of operations, Jim Barnett.

In 1983 they have the annual meeting,

all the promoters are there.

Barnett comes in,

so does Vince McMahon Jr.,

and they both give their resignations.

That couldn't be good.

What the --'s gonna happen?

Their, they, they, they were all blindsided, for sure.

When they resigned from the NWA,

that would mean they're either gonna get out of

wrestling, or they're going to run opposition.

That's the only two things it can mean.

And that seems to indicate that they're gonna go into

business for themselves, with themselves,

in some other fashion. Ole smelled it.

He said, "Okay, then the gloves are gonna be off."

Well, the problem was you couldn't handle the

wrestling business in 1983 and '84 like

you handled it in 1953 and '54.

And secondly, Vince wasn't gonna play that game.

And he had one of the most powerful wrestling

personalities of the last 30 years in his corner

who knew absolutely everybody.

Barnett hated Ole.

Barnett also was looking at survival.

He was getting up there in age,

but he needed to keep working.

He needed to keep that income coming in,

to maintain the facade that he was a millionaire.

I'm Bob Roop, 13 year amateur wrestler,

15 year professional wrestler,

five-time Hall of Fame member.

Bob Roop ladies and gentlemen, Bob Roop!

Vince Senior, asked Ole to come up and

meet with Junior, and see if they could

make some kind of arrangement.

And Ole said, "No." He said, "Absolutely not."

You know, "He's trying to steal my territories,"

and stuff.

There was this unspoken agreement that people

honoured each other's territory.

I'm sure Barnett was talking to McMahon right away and

starting to sabotage Georgia Championship.

Things started to happen around that time that

had never happened before.

McMahon would go to a station that we were on,

we had a show running,

and offer them 2000 bucks a week

to take his show,

but they had to get rid of Ole's show.

Nothing on paper, there was no contract,

nothing said that they had to honour

Championship Wrestling from Georgia.

So the station would say, "Okay."

Next you'd start losing buildings.

You'd call to check on the building and,

and see how ticket sales are going, they say,

"Well, we stopped selling 'em."

Bunch of police cars roll up outside the TV station,

take somebody away.

They got an anonymous tip that he's dealing drugs.

Or they're searching the guys at the airport.

Things that just had never happened before that were

just a constant thorn in his side and making things

difficult to operate, more so than usual.

I don't think he ever had any proof,

and I don't know how he would.

But like I say, it was stuff that

never happened until then.

Vince was infiltrating everybody's territory.

Vince got the USA Network time slot from

Southwest Championship Wrestling,

another regional promotion out of San Antonio.

Ladies and gentlemen,

the Southwest tag team champions.

They couldn't afford the slot anymore,

Vince jumped in and took it.

And All American Wrestling debuted on the USA Network.

He would call different promoters and say,

"Hey, I've got this cable show now.

If you'll send me tapes, then I'll put your wrestlers on it

and I'll get them over to a whole new audience."

But the people that he was getting the tapes of and

showing, are people that he wanted to sign

for the WWF.

He gets the Junkyard Dog from Mid-South Wrestling,

he gets Steamboat from the Carolinas.

He got Kerry von Erich in Dallas.

He was buying out talent from other areas.

You know, Hulk Hogan was,

was on top in the AWA for Verne,

and all of a sudden he went to New York.

Hulk Hogan shows up

to win the WWF championship

from the Iron Sheik in Madison Square Garden.

Now Vince has the superhero

on the top of his cards that

he wants to put in every arena in the country and

all over television, to lead his national expansion.

He knew that if you controlled television,

you would control the source of distribution for all the

wrestling programs and all the top wrestlers.

Oh! [Laughing]

And that's what he wanted to corner.

Everything had been done a certain way,

and now everything was different.

And Vince was public enemy number one.

Some of the promoters in there talking,

"What if we put a hit on the guy"? You know?

And, you know, it's a wild story. Um...

I don't doubt that it's true at all because, you know,

like, these are, these are bad dudes, just like,

you know, Vince was breaking the rules.

Through Barnett's calculated maneuvering,

Vince has seized TV time from promotions

across the country,

but one remains for the taking...

Georgia Championship Wrestling,

and its nationwide slot on WTBS.

And when Barnett comes to him with a grudge against

Ole Anderson, who has the widest distribution

of any television program in wrestling,

and Barnett says to Vince,

"I think I can get it for you."

And that's all he needed to hear.

If he could take over and control television

across the country, then he could take over

every territory in the country.

While Vince McMahon scoops up talent and

TV spots from territories across the country,

Ole Anderson tries to hold Georgia Championship

Wrestling together by any means necessary.

Maybe Ole thought he could do everything at that point in

time, but Georgia Wrestling, it still had the reputation,

but the product was starting to suffer.

Yeah, I think he was trying to run a business with,

you know, second tier guys,

people that weren't gonna draw.

I mean, he'd employed just about everybody

in the business at one point or another,

and it was those guys who were now working for Vince

in WWF and becoming his superstars,

leaving my father just

scratching around for leftovers.

And that just wasn't gonna sell tickets.

Ole had changed the concept where

we weren't bringing in a lot of outside talent.

Our live events were not drawing the money because

we weren't spending the money on the talent that

we were spending on before.

And the top guys quit wanting to come to our territory.

And we, we were actually getting phone calls from

some of the top talent around the country,

"Hey, what's going on? You better watch Ole."

And not only took their word for it,

but were out there on several big shows and

experienced that payoffs weren't the same.

Frustrated that their investment is no longer

paying dividends, the Briscos decide

Ole isn't cut out to manage the company.

But in order to push out Ole, they will have to get

their fellow shareholders to agree

with a majority vote.

We called a stockholder's meeting,

because we were gonna take over Ole's dictatorship and,

and, and do it ourselves.

And we flew into town early, met with the lawyers,

and the lawyers said, "Guys, you can't do this

stockholders' meeting, it's illegal."

Because we didn't state a purpose.

The meeting got put off, of course,

so we went back to the hotel and wanted to drown

our sorrows, so we were sitting in the hotel bar,

and who all of a sudden showed up in this bar?

Is Ole Anderson.

His purpose, track us down to find out what the hell

we were planning on doing.

And we weren't shy, we laid out,

"We're here to take you out of office."

♪

They want to know how much money there is in the bank.

He tells them, "Well, why can't you pay it out"?

And so I'm sure for the hundredth time he tries to

explain to them how you have got to have some

operating capital to run this business.

You know, "I've got to pay deposits on buildings,

I've got to pay for advertising,

I got to buy plane tickets.

Once we get another 100,000 in the bank,

then I'll write the dividend cheques.

Of course, I want to, I'll get one too."

And we were done drinking as much as we could drink,

and argued as much as we could argue, and, Ole,

"I'll come up to the room with ya I got a deal for yas."

"Okay, we'll listen to one last pitch."

Ole said: "Well, you ever watched The Godfather?"

Yeah. Well, I got this deal with you, if you guys agree.

Let's do a blood oath

so we're all on the same page."

The deal was if anybody was gonna sell stock

they had to offer it to the other shareholders in

Georgia Championship Wrestling first,

before they could sell it to anybody else.

♪

And my dad has a little pocketknife,

sticks it in his head, gigs it down, gets some colour.

♪

And they look at him like, "Oh my God!

What's wrong with you"?

Ole, my word means more than blood.

I mean, you know, to me.

I mean, if I give you my word, I'm gonna live up to it.

I don't need these little gimmicks to, to,

to certify my, my honesty.

Probably took him about 10 minutes to convince

Jack and I to do the same thing.

[Laughing]

So that was the Ole solution to our problem.

You know, let's cut ourselves and

bleed on each other.

My dad was such a man of his word that

if he shook your hand and said he was gonna

do anything, he would do it.

He just, he believed people because,

you know, he, he would never tell a lie.

As part of the blood oath agreement,

the Briscos will focus on increasing ticket sales

in exchange for regular payouts.

But the deal doesn't last for long.

So, first one to break the oath was Ole 'cause

he quit paying us what he agreed to pay us, so...

we felt that we, we had an open waters there

to do what we wanted to do.

That lit a fire under us that if we stick in this situation

too much longer, we're not gonna have anything.

Desperate to cash out,

the Briscos begin shopping their shares

outside of the company,

starting with Jim Barnett, who turns them down.

Knowing the Briscos are looking to sell,

Barnett knows someone who wants to buy...

Vince McMahon.

So Vince flew us up to LaGuardia,

and still to this day I'll rib Vince about

flying us up coach. [Laughing]

We met at LaGuardia Airport. He said,

"Can you guys deliver me 51% of the territory"?

And I looked at him and I said, "Yes, sir, I can."

I had to make a call to Jim Barnett.

Jim Barnett knew everybody that

owned a piece of Georgia.

Jim Barnett knew who they liked, who they didn't like,

what they were mad about, what their weak spots were,

whatever the case. All Jim Barnett had to do

was point Vince McMahon in the right direction,

not only at the Briscos but anybody else.

Or, talked to them himself.

He could make you do something you didn't

want to do, and by the time he was finished,

you'd think it was your idea.

In the end of the negotiations and

all the transactions, Vince ended up owning

67 and a half percent of

Georgia Championship Wrestling.

[Thundering]

Which of course also held the contract for

the television program on TBS.

There was an agreement in the articles of incorporation

that before anybody was to sell, they had to

first offer it to one of the other stockholders.

And he was told repeatedly by the attorneys that

that was going to protect him.

Well, it turned out not to be true.

Behind the back of Ole Anderson,

the Briscos align with Jim Barnett

to give Vince McMahon control of

Georgia Championship Wrestling,

a move that will forever reshape the industry.

In March of 1984,

my grandmother passed away very suddenly.

My father and I go up to Minnesota, Wisconsin

and take care of the arrangements

and family business.

He gets a call from the office,

I think it was Louise who called him.

I was in my office and the door opens and

Vince walks in. "Good morning."

Ah... "I now own the company."

So I called Ole,

and told him that Vince had stole the company.

I thought it was real sneaky.

It's not that they did it, it's just how they did it.

He and I got on a plane right away.

He parked me at a hotel in Atlanta.

He immediately met with the lawyers,

they filed for injunctions, and they fought for three

or four months before it was finally all over,

that he wanted to stop Vince from

taking over Georgia Championship.

With Ole's legal efforts to block the takeover thwarted,

all that's left for him to do is concede.

There was a deal in the bylaws for our corporation

that said, "If a majority of the stockholders decide to

change all the damn rules that are written up here,

they can do that."

And they just changed all the rules that

we'd been going by for years.

So we lost it because Barnett was smart enough

to realize that he could have done it.

And I didn't, didn't know.

I can remember the Saturday morning TV at TBS studios,

Vince McMahon is in the building.

It's the only time that I've ever been in the

same room as Vince McMahon to this day.

But from there, the fight was on.

Vince was still at that point trying to talk to Ole,

because Vince is a guy that's used to getting his own way

and used to being able to talk people into

anything he wants them to do.

I think, you know, Vince would say,

"Ole, Ole, I'll give you a job."

You know, tried to tell him over and over,

"It's just business. It's just business."

Vince says, "Ole, I'd like you to meet my wife, Linda."

Well my dad, in typical fashion, responds,

"You know what"?

"-- you and -- Linda"!

♪

Despite Ole's fury, few outside the company

are even aware of the change in ownership.

Until Vince McMahon takes to the airwaves.

So I go in there on this particular Saturday,

and there's this guy standing there with

his arms folded, making this face.

♪

As it turns out, the man was Vincent K. McMahon.

None of the, none of the talent knew anything.

That was all interoffice stuff.

Nobody knew who sold the what or who was

on what side or nothing.

The camera guys and all them, they didn't have a clue.

I got a call, was told not to come to TV,

that we weren't going to be taping that day.

I didn't go to TV on Saturday, that Saturday,

because I had just gotten fired.

Vince had a meeting with all the talent that was here,

and he said, "None of you have jobs anymore."

He said, "If we want to use you, we'll contact you."

And that was it. It was over.

♪

The wrestling program on TBS

had been an institution for years.

Every wrestling fan that was able to get cable

at that point in time, is gonna watch

Georgia Wrestling every Saturday.

July 14th, 1984,

they turn on World Championship Wrestling,

and they didn't see Gordon Solie,

they see Freddy Miller.

Hello, everybody, and welcome to

World Championship Wrestling.

Freddy Miller introduced Vince McMahon.

Here's Vince McMahon. Vince.

Thank you very much, Freddy.

When Freddy Miller introduced Vince,

and then, just the silence of

the dead airtime, you know.

No, no, no crowd, not a fan, no nothing.

Let's take you now to Minneapolis and

Jesse 'The Body' Ventura.

They started showing videotapes of matches from

other WWF television programs and

other WWF arenas and TV shoots.

One of the many stars here in the

World Wrestling Federation.

The fans of Georgia Wrestling,

they practically rioted.

[Phones ringing]

They were just bombarding the TBS switchboards.

"We want our wrastlin'."

Tommy Wildfire has just exploded on the...!

Georgia Wrestling was a lot different than

Vince's wrestling.

Vince brought his style down here and I don't think,

I don't think they bought it or didn't, you know,

just didn't like it, 'cause it wasn't homeboys, you know.

So I think, I think, ah...

they just wasn't buying what he was selling.

He didn't want the Georgia Wrestling territory.

All he wanted was that TV.

I'm getting excited because I'm seeing

a new future starting to be made.

I called it 'Green Saturday' because it

changed my, my, my fortune.

But obviously a lot of fans that were fan, true fans,

of Georgia Championship Wrestling didn't see it

the same way I saw it.

Ousted from the promotion he helped build,

Ole makes no secret of his resentment.

If Jack and Jerry had agreed with him

to wait things out a few more months,

and then taken advantage of the time when

he's dealing with his mother's funeral

to sell out behind his back, I think that that would have

really impacted his opinion, strongly,

for quite a while, to the negative.

And I was pissed at The Briscos, and um...

they got whatever money they got.

Ole had supposedly hired an armed guard to

stand there and actually do bodily harm to us

if we tried to get in the office.

Not the promoter, but Paul Jones,

the old wrestler, called and said,

"There's supposedly a hitman

out on you guys for two days.

Be very careful where you go and who you associate with,

because I think it's real."

Ole Anderson is on the hunt for revenge as

rumours circulate about a potential plot to

have the Briscos killed.

We waited the two days, nothing happened to us,

and we threw one of the biggest parties

we ever thrown.

No. First of all, he would have never got rid of the money.

And secondly, he'd 'a done it himself.

[Laughing]

He would have never asked anybody else to

do it, he would have been glad to do it hisself.

The only negative way that I think it affected us

is the loss of friendship and the negative things

that were said about me.

The threats that brother and I got during

this time frame too was phenomenal.

I mean, our families were receiving phone calls,

you know, that we were no good backstabbers.

It was a very rough deal.

Determined to keep the spirit of Georgia Championship

Wrestling alive, Ole sells his shares and

starts his own promotion.

Ole was able to work out a deal.

He called up Vince and said,

"Vince, I'm gonna sell you my piece too."

Which, you know, I guess, thank you, Vince.

Because Vince could very easily have just said,

"Okay, I'm closing up,

your shares aren't worth anything."

Ole went to Ted Turner directly and he said,

"Hey! The people want to see the Georgia Wrestling

and the Georgia wrestlers, and I've got them.

Give me another time slot."

And when I went to Ted Turner later on I said,

"Who do you think's been running this damn thing

for the last eight, nine years? Me!"

So he gave Ole Saturday morning at 7:30.

And a very spirited crowd here today at the

WTBS sports arena, where we're very proud

to bring you once again

Championship Wrestling from Georgia.

While Ole attempts to mount a comeback,

Vince is struggling to connect with Georgia viewers.

They were used to seeing a certain style and

it wasn't something that they'd seen before.

They didn't know who these guys were.

They didn't care.

They were looking for the people they knew.

Vince is getting crowded out of

the Saturday nighttime slot.

Turner's on his ass.

It's not doing him the good that

he thought it was gonna do him.

This is one of the first and only

Vince McMahon complete failures.

Looking to offload his valuable WTBS time slot,

McMahon once again turns to Jim Barnett

to land a deal.

Barnett finds a buyer in one of McMahon's

other major competitors,

Jim Crockett Promotions.

One year. Turner was gonna kick Vince off as soon as

he legally could, and so Barnett

opened the door to Crockett.

You know that TBS time slot, it's...

at the time it probably sounded like a great deal.

Vince will sell the time slot

on Saturday night on TBS to

Jim Crockett Promotions, and Vince McMahon

would get a million dollars,

and everybody becomes happy with that.

So, with Barnett putting all the pieces together,

Vince McMahon temporarily monopolizes cable TV

wrestling in the United States,

but is a failure at that, so he uses that flop to

make money to finance WrestleMania.

♪

Where he then started on the road to put

every other promoter out of business.

The wrestling extravaganza of all time, WrestleMania.

All in that 80s period,

that's where he got the big jump.

WWE became the name brand of pro wrestling,

and he's got Cyndi Lauper, he's building up

WrestleMania, Hulk Hogan's getting big,

and, and he's just shooting way past everybody else.

And they don't, they don't have the outlet

to compete with him.

Black Saturday forever altered the trajectory

of the wrestling business, something no one

understood better than Ole Anderson.

It was almost like he had just cleared his desk off and

scraped everything into it.

Honestly, the state my father is in today,

I don't know that he can hate anybody, sadly enough.

But I think he held a grudge against Vince for a long time.

I'm just trying to see what I got here.

Bill Watts, himself a pioneering promoter in

Mid-South Wrestling, writes a letter to Ole

in 1987, reflecting upon the significance

of Black Saturday.

"Dear Ole. I know actions and words once

said or done cannot be recalled.

You were seeing the beginning of the metamorphosis of

change of the very fibre of our business,

all precipitated by McMahon, in my opinion.

I certainly agree, his legacy will be the destruction

of an industry as we know it, or knew it."

After the Black Saturday incident,

Barnett was Vince's right hand man,

but Barnett was still more old-time wrestling and

Vince wanted to be modern,

and somewhere in '87 they had a

difference of opinion and Vince let Barnett go.

Jim Barnett only worked for WWF for a fraction of

his long career, but his actions during the

company's expansion helped solidify a

new way of doing business in wrestling...

The Vince McMahon way.

Vince McMahon, for 40 years,

he made his business based on

taking TV time slots, or companies,

out from under people.

Doing takeovers,

buying stock, issuing stock,

public offering of the WWE that made him a billionaire,

but his downfall eventually came

through the same way.

You know, there's an old saying,

'what goes around comes around' and/or '-- around

and -- around pretty soon you won't be around.'

Well... Vince had...

it came out in the Wall Street Journal that he had

allegations of paying certain women off,

you know, non-disclosure agreements for infidelities,

and, you know, even worse.

McMahon paid a former employee

$3 million to keep her quiet.

You take a picture of Vincent McMahon,

and that there is the reason why there is

a human resources now in companies.

[Chuckling] That is the reason why.

As far as revolutionizing our business, yes, he did.

Is there a dark side and a bad side?

Yes, there damn sure is.

It was enough of an embarrassment to

the company that Vince stepped down.

They forced him out of the company because

his son-in-law and his daughter and

all these people that he's worked with and

trusted were saying, "Vince, you got to go.

This is not gonna do the stock price any good,

it's not gonna do our business any good.

You got to step aside."

And the thing he learned from the Georgia takeover,

he still owns 80% of the company.

So, after six months,

then he comes back, in a whirlwind of action.

Let me just say it. I've made mistakes, obviously.

[Chuckling] You know, both personally and

professionally through my 50 year career.

I've owned up to every single one of them

and then moved on.

And then announces, "I'm coming back

because we're gonna sell this son of a bitch."

And the time is right.

Endeavor announcing WWE and UFC will combine to form

a $21 billion global live sports and

entertainment company.

And that's what worries all the wrestling fans.

Say what you want about Vince,

at least it was the family business,

he's done it for 50 years.

Now, Endeavor.

What mental romantic attachment

do they have to the wrestling business?

To its history, to keeping it alive?

We're gonna lose a lot of history and

we're gonna lose the,

you know, the last vestige of what old time

professional wrestling was for 100 years.

I think Black Saturday was kind of a tipping point

in the wrestling business.

That was the moment it started to evolve away from

the wrestling business and into show business.

Black Saturday in and of itself wasn't

a ground-breaking moment.

It was the canary in the coal mine.

Vince McMahon put anywhere from hundreds,

maybe thousands of wrestlers out of work.

Maybe 3% of them.

The other 97% didn't get to work anymore.

That's when all the change is going on and

you can't go back. I mean, that's life.

Just times change, you know.

And I'm just holding on to them 80s.

[Laughing]

I don't think they blame the Briscos,

but they definitely blame Vince.

But it was the move, it was the move to make.

What killed the territories was cable television.

And that would have been with Vince McMahon

or without Vince McMahon.

If it wasn't Vince McMahon going national,

it would have been Verne Gagne or Jim Crockett,

and they wouldn't have done as well as Vince did.

Somebody was gonna be successful.

Wrestling wasn't gonna go away,

but would they have been as successful

as Vince McMahon was? I'm gonna say no.

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