The Latest On New Florida Promotion - Name Revealed

Partial Source: Pwinsider

Here is the latest on the new promotion out of Florida that Milton Wilpon/Peter Karoftis/Sean Davis are working on. The promotion has been named Worldwide Wrestling Promotion, and while it was planed for a fall launch, it has been pushed back to January of 2011. An email was sent out to talent this morning, explaining the delay. Davis wrote to the talent that the financing side of the company had told the wrestling side the following?

"Our original time table is not at all feasible. While we were all committed to launching in October we know now that has become an impossible goal. Our new goal is to start operations in the first part of the new year however we do not as of today have a firm date. That unfortunately means that contracts will have to be changed to a new starting date."

In the email, Davis states that the financial side feels that the delay is needed, and that he "fought this decision KICKING AND SCREAMING (literally)". He also stated that the move had to be made, because if it wasn't, the company would not move forward. Davis goes onto explain that WWP's attorneys will draw up contract addendums, and that if they didn't wish to sign them, he understood.

"You will still be welcome to come back to work for us in the future once we are up and running in the early part of the new year. For those of you that sign the contract addendums you will be receiving extra shares of company stock and the addendums will also spell out our full health and benefits plan that will be made available to you."

Davis also discussed that they have been through a lot already, and that there were forces out there that were trying to stop them?

"[These forces are] doing whatever they can to sabotage everything we are trying to do and doing everything in their power to make sure that this company will never launch. I can promise you though that no matter how many hurdles we have to jump over that there are people here dedicated to doing everything they can to make sure this company WILL launch and we will be a long time player in this industry."

Davis stated that WWP was not simply launching "a new independent promotion or something that is going to be on the long list of fly by night wrestling companies that have come and gone." He then went on to explain that they plan on "becoming over the next decade the premiere wrestling company in the world" but that "obviously does not happen overnight."

Davis promised to share details on several deals that the company had completed over the next few weeks. The promotion has also reached out to both Paul Heyman and Jerry Jarrett.