New Wrestling Promotion.

Insideandout

A new wrestling promotion titled The Classic Wrestling Federation has been contacting potential talent over the last several weeks, seeking to sign them to letters of intent that the talents would be interested in working for the promotion if and when it launches.
According to material given to the talents, the CWF promotion's plan is to partner with a Las Vegas casino and run wrestling events up to six days a week for the purpose of producing 36-44 hours of original TV episodes.

The letter of intent notes, "The purpose of the CWF project is to return to American culture the classic sport of wrestling as made popular by the likes of Bruno Samartino, George Steele, Triple H, Andre the Giant, Baron Von Raschke."

Shane Douglas and Cody Michaels have been providing the letters to several talents PWInsider.com has spoken with. Multiple messages have been left for Michaels in the last week.

The letter of intent also notes that the promotion would "may expand" to running live arena events "with an initial focus" on Pennsylvania, and the surrounding region.

The letter of intent also notes that the promotion, "intends to set base pay for our wrestler athletes and on‐air talent higher than current alternatives, to offer health insurance benefits or stipends, a 401k retirement plan and other benefits, and to create a profit‐sharing plan where all athletes share in the success of the company. In addition, CWF intends to make a percentage of television revenue available to retiring wrestlers in the form of a companyoperated pension plan."

The letter of intent notes that it is "non-binding" in that the wrestler signing it can choose not to work for the company when it launches and that signing it was not a guarantee of a position within the company.

Wrestlers were not given a timetable for the potential launch of the promotion.

Source: PWInsider

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Shane Douglas is involved.