Part 2/9:
When Crockett Promotions took over Midsouth Wrestling, they inherited a heavy burden: overwhelming debt. Historians often point to this acquisition as a colossal mistake, one that could have been avoided with proper due diligence. The belief among insiders was that the promotion could have let Midsouth fade away and simply taken over its towns rather than taking on its liabilities. The decision was heavily criticized, prompting questions about the wisdom of acquiring struggling territories near the end of their runs.
Looking back, the buying frenzy exhibited by the promotion seems ill-fated. Jim Crockett, a skilled salesman, continued to negotiate acquisitions, believing that the competition was ripe for the picking. However, the reality diverged starkly from this perception.