Universal Wrestling Federation (Bill Watts)

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The Universal Wrestling Federation (UWF) was a 1986 re-branding of wrestler-turned-promoter Bill Watts' Mid-South Wrestling promotion. Watts' goal was to elevate his promotion from a relatively smaller, regional-level business, to a national-level rival of the World Wrestling Federation (WWF, now known as WWE) and Jim Crockett Promotions. However, Watts' business strategy quickly swung from "overnight" success to catastrophic failure, in large part due to financial difficulties stemming from the 1980s oil glut, resulting in the 1987 sale of the UWF to Jim Crockett Promotions (owner of Mid-Atlantic Wrestling, Georgia Championship Wrestling, controllers of the National Wrestling Alliance (NWA)'s most important championships, and the predecessor of World Championship Wrestling (WCW).) The promotion began as an NWA territory, NWA Tri-State, founded by Leroy McGuirk in the 1950s, and was purchased by Bill Watts in 1979. Tri-State/Mid-South/UWF promoted shows in Oklahoma, Arkansas, Louisiana...

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