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WWE New Global Headquarters Update, Company Gains Possession Of New Building

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WWE has begun transforming their new global headquarters in Stamford, CT.

According to PWInsider, the company has affixed their logo to the new building at 677 Washington Blvd in Stamford, CT. The new facility will house all of company operations, including production studios and corporate offices.

WWE has leased the space for 16.5 years, and gained possession of the facility on July 1, 2019. The company plans to sell its current corporate facility dubbed Titan Towers at 1231 East Main St.

WWE will lease the space for an initial term of approximately 16.5 years commencing no earlier than July 1, 2019, with five five-year renewal options thereafter. The lease will be accounted for as a finance lease, with the creation of a lease obligation (equal to the present value of future lease payments, which would result in the recognition of interest expense over time) and a right-of-use lease asset (equal to the lease obligation less tenant incentives, which is depreciated on a straight-line basis through depreciation expense). Accordingly, the accounting for the lease agreement is not expected to have a material impact on Adjusted OIBDA. Depreciation expense associated with the right-of-use asset will be reflected in operating income. The Company’s capital expenditure guidance reflects this initiative. That guidance estimated capital expenditures of approximately $70 million to $90 million for 2019 with continued spending in 2020 above the historic range of approximately 4% to 7% of revenue. Additionally, the company expects to sell its owned and operated corporate facility at 1241 East Main Street, exit its leased spaces at 1266 East Main Street, and will evaluate options for its production studio facilities at 88 and 120 Hamilton Avenue based on strategic, operating and financial considerations.

Currently WWE employees are shuttled from the Stamford Train Station to the current corporate headquarters. The new facility is a 5-minute walk from the train station.

The company anticipates the move will be completed by early 2021.

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Daily News Report

Report: Major RAW Reunion Segment Changed Due To Ricochet Injury

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Seth Rollins was not WWE’s first pick for last night’s segment with DX and The O.C.

According to Dave Meltzer of Wrestling Observer Radio, Ricochet was originally planned to to be a part of the segment, and was pulled due to an elbow infection. The company was planning on using him as a fresh face to “get the rub” from DX and endorse him as a major player in the company.

Seth Rollins ended up working a match against AJ Styles, and being a part of the segment. It’s unknown how long Ricochet will be out of action.

It was also noted that Rikishi was originally supposed to give D-Von Dudley and The Revival a “Stinkface”, but was not medically cleared to perform any moves.

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Daily News Report

WWE 24/7 Championship Changes Hands 9 Times During RAW Reunion

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The WWE 24/7 Championship changed hands 9 times over the course of tonight’s RAW Reunion event in Tampa, FL.

The event featured several WWE legends and Hall of Famers, and saw legends such as Pat Patterson and Gerald Brisco win the championship.  Alundra Blayze won the title at one point, and threw it in the garbage, similar to what she did with the WWF Women’s Championship on an episode of WCW Nitro in 1995.

The following title changes occurred during the show.

  • Drake Maverick d. R-Truth
  • Pat Patterson d. Drake Maverick
  • Gerald Brisco d. Pat Patterson
  • Kelly Kelly d. Gerald Brisco
  • Candice Michelle d. Kelly Kelly
  • Alundra Blayze d. Candice Michelle
  • Ted DiBiase bought the title from Alundra Blayze
  • Drake Maverick d. Ted DiBiase
  • R-Truth d. Drake Maverick

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All Elite Wrestling

Jon Moxley Set To Face Josh Barnett at GCW ‘Bloodsport 2’

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Image Credit: AEW

Jon Moxley will be making his Game Changer Wrestling debut at Josh Barnett’s Bloodsport 2 on September 14 in Atlantic City, NJ.

Bloodsport events feature matches that must end in either a knockout or submission. The ring features no ropes or turnbuckles, and the matches are presented in a MMA style. Although these bouts are worked, competitors work stuff and the matches have a semi-shoot feel.

At the last Bloodsport event Josh Barnett and Minoru Suzuki worked until a time-limit draw.

GCW and Josh Barnett are teaming up to bring back one of the most talked about events of the year when Bloodsport comes to The Showboat in Atlantic City on Saturday, September 14th!

It’s the ultimate hybrid. MMA meets Pro Wrestling in the most intense, physical, and groundbreaking event in years. Who will survive when shit gets real?

 

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