Quote from MidAtlantic4ever on Apr 12^th, 2009, 2:53pm:

 
Ever heard of Black Saturday? July 14, 1984
 
Jack and Jerry Brisco, majority stockholders in GCW (so it's not hard to believe Jerry was actually VP,) sold their stock to Vince McMahon allowing WWF to takeover the Saturday night timeslot on TBS.

Quote from MidAtlantic4ever on Apr 12^th, 2009, 3:25pm:

 
Yes, it was a sad day. I thought the Briscos explained it very well at their Q&A at our November 2004 fanfest weekend. They saw the business moving towards Vince's more national approach, and obviously felt WWF had a better chance of doing that than GCW. Gosh, we all wish they had thought otherwise.

I agree about GCW, which at that point, was called World Championship Wrestling, was in a great position to go national and to be honest, was already slowly moving in that direction. Of course, Atlanta was still the home base but they started touring Ohio, WV, and other places outside of the Georgia area in 1981 or 1982 I think.  
Had Mid-Atlantic, Florida, Bill Watts' Mid South and GCW combined forces, Vince would not have stood a chance, so long as egos between the the other guys not gotten in the way.  
But, we will never know.  
 
As cantankerous as Ole Anderson is in real life, I do respect him for never being a part of the WWF/WWE circus. It's not wrestling at all, rather, as Vince calls it - Sports Entertainment.  I was watching a DVD earlier from GCW, dated August 12, 1982. Paul Orndorff and Super Destroyer had a great 10 minute match that went to a draw. That area was so hot in the early 80's. Buzz Sawyer was feuding with Orndorff, Ole and Stan Hansen were world tag champs.  
 
Magnificent Muraco was in the area along with Roddy Piper who was slowly turning babyface. Tommy Rich was still going strong. The Freebirds were National Tag Champs. Sonny King was managing the Wild Samoans. Man, even the show itself with jobbers getting creamed had more action than anything I've seen the last 25 years plus.