DATELINE – OCT. 3, 1999 – WWF HEADQUARTERS – STAMFORD, CT
The World Wrestling Federation announces via press release that writers Vince Russo and Ed Ferrara had departed the company for riva their back in September.
The company issued the following statement on wwf.com regarding the defection:
Effective Sunday, October 3 at 9:45 pm ET, Vince Russo, one of the creative writers, will no longer be with the World Wrestling Federation. Russo abruptly resigned over the phone and will now be working for WCW.”
Russo and Ferrara had constructed a deal with World Championship Wrestling after meeting secretly with officials in Atlanta. With neither man secured to a contract, both chose to accept the offer, and Russo called with the news to Vince McMahon late that same night. The signing was initially viewed as a major blow to the WWF… and a chance for World Championship Wrestling’s programming to regain a competitive advantage.
In the end, Russo and Ferrara’s vision for a ‘new’ WCW, modeled after their crash-TV style on RAW and Smackdown, was soured upon by longtime fans of the promotion. The duo would be replaced by a booking committee for a few weeks, before Russo returned (this time onscreen) with Eric Bischoff, as part of the ill-fated ‘New Blood’ angle.
WCW would eventually be sold to Russo and Ferrara’s former company, less than two years after their arrival, in the Spring of 2001.