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That is one view.
Another view is that at the time of the WWE takeover, it was owned one half by Vince McMahon (who had just won it off of Shane McMahon in a survivor series match, thanks to the dastardly actions of Kurt Angle) and one half by a distinguished consortium that had financed Shane McMahons original purchase of WCW from Time Warner. That consortium was later revealed to be owned by the Nature Boy Ric Flair.
:lol:
Classic