Former WWE champion and current Raw star JBL has announced that he is investing in former WWE developmental territory Ohio Valley Wrestling.

OVW has been in financial trouble for some time after WWE dropped it as an official development camp and as a result of losing its TV coverage in Louisville, Kentucky.

Writing on his blog on the WWE Universe website, JBL wrote:

“I am the sponsor of OVW, it is true. Danny Davis is my good friend and I hate to see anyone lose their dream. Danny has mortgaged his home to make this work; I mortgaged my home for Layfield Energy. I understand passion, I understand love. I believe in the American spirit, I believe that if you want to achieve, you can.

“My company is doing well, and I can promise you I don’t take one account or one customer for granted. I am going to sponsor what Danny is doing. It will be much more than just wrestling. Trust me; we are going to do some really cool things. This will unfold in the next few months, I have big plans for what we are doing.

“But for now, I am funding all of OVW, because I believe in what they are doing. One day I will tell all, but for now, I will say that I am doing what is right.

“I started in places like OVW; these places have to be protected. These places are sacred, and I don’t do this for nostalgia, I do it as a business decision. This is not just my BS plan to give back; I have a plan-believe me.”

Phil Lowe
phil@ifight365.com