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Cramer Stands Behind WWE, Mayweather "Lying" About His $20 Million, WWE Wants Your Feedback

Written by Ryan Gray on May 8, 2008 - 10:45:14 AM

- Several readers sent word that Jim Cramer of CNBC’s Mad Money is still confident in WWE stock. During yesterday’s “lightning round” Cramer said that “WWE rocks” and he gives it “two thumbs up.”

- A number of boxing websites have posted articles accusing Floyd Mayweather Jr. of “lying” about his $20 million WrestleMania payoff. As we reported, Tuesday, WWE COO Michael Sileck told WWE investors in their quarterly conference call that number was false. Insiders close to the situation say the real number is closer to $5 million dollars.

- WNW reader Andrew Thomas reporting… I don’t know if you’ve posted something about this, but WWE.com now has a "show feedback" form which allows fans to submit their opinions on WWE programming. You can check it out at this link.

Ryan’s Take: People need to understand that Mayweather didn’t “lie” about anything. This is professional wrestling. Vince McMahon is a smart business man and it doesn’t even make good sense to believe he would pay any one person $20 million for a single appearance. This was all part of the angle to make Floyd come off as “Money Mayweather.” WWE is trying to do anything they can to get their ratings up. Personally, I would love to be the one in charge of reading what fans send in. Can you imagine what some people will send in? While I’m sure they will read the suggestions, in the end it all comes down to what Vince wants.




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