Hulk Hogan is just days away from launching his own wrestling federation, reports The Sun out of the United Kingdom. In an article posted today, Hogan and ex-WCW supremo Eric Bischoff are partnering up to take on the WWE. According to the article Hogan and Bischoff are preparing to sign a television deal with a network in the United States.
Hogan was quoted as saying “Once we’ve wrapped the TV up we’ll make the official announcement. The network wants to make a really big deal of it.” He also added “The basic idea will be the same as WWE, but I pray to god it’s nothing like what’s on TV now.”
The internet has been in a frenzy since the news broke that Hulk Hogan is planning to start a new promotion with Eric Bischoff on a major TV network. To the disappointment of many fans, several industry experts are strongly doubting the legitimacy of Hogan’s claims.
"History suggests that Hulk shouldn’t be taken seriously since he usually comes up with some type of story a month or two before WrestleMania and has never follows through. He has presumably made a number of contacts in the television industry via “Hogan Knows Best” and “American Gladiators,” but I can’t help but take the approach that I’ll believe it when I see it. Even if Hogan surprises me by delivering on these claims, I can’t help but wonder what type of talent roster he could assemble with most of the big names already signed to WWE and TNA." - Jason Powell, ProWrestling.net
"Keep in mind Hogan has nearly half a dozen times at this point in time made threats of starting his own company, or strongly teased starting up with other companies. In every case, hindsight has shown the motive was to get McMahon to bring him back, since Wrestlemania season is here." - Dave Meltze
it could be interesting to see regardless. i don't think it would be real competition any time soon (look how long it took tna before it had a 2 hr a week contract and some recognition)