Bill Watts

Watts is perhaps even more famous for being a pioneering promoter in the Mid-South area of the United States, with his base of operation being in the Shreveport, Louisiana area. His promotion was known as Mid-South Wrestling. He is often credited with creating the current and popular "episodic" style of TV wrestling, building solid creative storylines week-on-week, with an emphasis on solid in-ring action with dependable wrestlers like "Dr. Death" Steve Williams, The Junkyard Dog, Ted DiBiase and Jim Duggan. He is an outspoken critic on breaking kayfabe and "smart" wrestling fans. A Watts-run promotion always had face and heel wrestlers dress in different locker rooms and to have faces and heels not meet publicly. He has also been known to revamp his booking plans in order to protect the business from such fans.

After losing over half a million dollars, Watts sold the UWF to NWA Mid-Atlantic's Jim Crockett Promotions, who kept many of their stars, such as Sting. Instead of having UWF as a separate organization, Crockett sent his mid-card wrestlers to the UWF and had them quickly win their titles. Eventually, the UWF folded, and Crockett would be bought out by Ted Turner in 1988. In April 1989, after firing George Scott, WCW offered Watts the chance to book, but he declined the offer and WCW instead decided to go with a booking committee, which included Ric Flair, Kevin Sullivan, Eddie Gilbert, Jim Ross, Jim Cornette and Jim Herd.

Watts became Executive Vice President of World Championship Wrestling (succeeding Kip Frey) in 1992. He took many of his old-school values with him, such as banning moves from the top rope and the babyfaces and heels separation. His tenure was not long, nor were his ideas overly embraced. According to his autobiography, Controversy Creates Ca$h, Eric Bischoff (who worked under Watts at the time) felt Watts would intimidate anyone he was talking to and was only interested in taking the WCW product back to 1970s standards, with poorly lit arenas and house shows in remote rural towns. He introduced his son, Erik Watts, to WCW around this time, who many felt was not ready for national wrestling.

The circumstances of Watts' departure in 1993 are controversial. Prior to 1992, he had given an interview to a wrestling newsletter. Most notably, Watts had commented on Lester Maddox, a restaurant owner (and future Governor of Georgia) who was told he had to serve black people but instead closed down his business. Watts felt Maddox stood up for what he believed in and acted accordingly. He also made several other controversial statements pertaining to race and sexual orientation. When he was hired by WCW, Watts had explained the situation to Turner president Bill Shaw, apparently to his satisfaction. However, a year later wrestling journalist Mark Madden brought the interview to the attention of Hank Aaron, himself a vice president in the Turner organization with the Atlanta Braves, who then pushed for Watts' removal. While Madden takes credit for Watts getting fired, Watts himself disputes this account, saying he was not fired for the comments but quit his position out of frustration over "backstabbing" by Shaw and (unbeknownst to Shaw) had already resigned by the time Aaron got the newsletter. Watts was replaced by Ole Anderson.

Watts later went on to a position of booking power in the World Wrestling Federation (WWF). His tenure there was short, as he stated in later interviews that he was only there on a three-month contract and had no interest in staying long-term.[15] On April 4, 2009, Watts was inducted into the WWE Hall of Fame as a part of the Class of 2009.[16][3]