How Chavo Guerrero Reveals Vince McMahon’s Strategy of Financing WrestleMania Through Personal Mortgage

How Chavo Guerrero Reveals Vince McMahon’s Strategy of Financing WrestleMania Through Personal Mortgage
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On a recent edition of the “Insight” podcast, former WWE Superstar Chavo Guerrero revealed the biggest lesson he learned from Vince McMahon during his time with the company.

You can check out some highlights from the podcast below:

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On the lesson he learned from Vince McMahon: “The main thing is this: and this is coming from Vince’s mouth too: ‘Chavo, I have failed a lot more than I have succeeded, but when I succeeded, I succeeded very big.’ And that made me think, he was not afraid to crash and burn.”

On McMahon betting it all on WrestleMania 1: “He financed WrestleMania by mortgaging his house and mortgaging everything. He told me, if WrestleMania was not a hit, he was done. And, of course, look what it turned into.”

On what made him step back from wrestling: “At that time we were on the road 250 days a year. There was one year on the road, I was 300 days that year, so I was only home 65 days that year. So, I was like, I can’t do that anymore, not just mentally but my body.”

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Vince McMahon, the chairman and CEO of WWE, is a legendary figure in the world of professional wrestling. Known for his boldness and risk-taking, McMahon has built an empire that has revolutionized the industry. Former WWE Superstar Chavo Guerrero recently shared some insights into the mindset of McMahon and the lessons he learned from him.

One of the biggest lessons Guerrero learned from McMahon is to not be afraid of failure. McMahon once told him, “I have failed a lot more than I have succeeded, but when I succeeded, I succeeded very big.” This mindset of not being afraid to take risks and potentially fail is what has allowed McMahon to achieve great success in his career. It serves as a reminder that failure is not the end, but rather an opportunity for growth and future success.

Guerrero also revealed an interesting anecdote about McMahon’s determination and commitment to the success of WrestleMania. McMahon financed the first WrestleMania event by mortgaging his house and everything he had. He told Guerrero that if WrestleMania was not a hit, he would be done. However, as history shows, WrestleMania became a massive success and has since become the flagship event of WWE. This story highlights McMahon’s willingness to bet it all on his vision and his unwavering belief in the product.

Furthermore, Guerrero discussed the toll that the demanding schedule of professional wrestling took on his body and mental well-being. He revealed that at one point, he was on the road for 300 days a year, leaving him with only 65 days at home. This grueling schedule eventually led him to step back from wrestling. Guerrero’s experience sheds light on the physical and mental challenges that wrestlers face and the sacrifices they make for their craft.

In conclusion, Vince McMahon’s approach to business and life is characterized by fearlessness, determination, and a willingness to take risks. His mindset of embracing failure as a stepping stone to success has been instrumental in his achievements. The story of WrestleMania’s inception showcases McMahon’s unwavering belief in his vision and his willingness to go all-in. However, it is important to recognize the toll that the demanding schedule of professional wrestling can take on individuals. Guerrero’s experience serves as a reminder of the sacrifices wrestlers make for their passion.