team at the 1948 Summer Olympics he ran the AWA with a progressive sensibility, firmly believing that sound technical wrestling should be the basis of a pro-wrestling company. Gagne was an amateur wrestling champion who had earned a spot on the U.S. While O'Connor was considered the first AWA Champion, he didn't wrestle in the AWA until later in the 1960s (when he teamed with Wilbur Snyder to win the AWA World Tag Team Championship). O'Connor was stripped of the AWA title and it was awarded to Gagne on August 16, 1960. The AWA unilaterally recognized NWA World Champion Pat O'Connor as AWA World Champion and gave him 90 days to defend the AWA title against Gagne. In 1960, after unsuccessfully lobbying the NWA for a title match between Gagne and the NWA World Champion Pat O'Connor, Gagne and Karbo led certain territories out of the NWA forming the AWA. They then became co-owners of the promotion. In 1959, Dennis sold his majority stake in the Minneapolis Boxing and Wrestling Club to Karbo and Gagne. He aspired to become NWA World Champion, but political sentiment within the NWA prevented it. Verne Gagne, an amateur wrestling champion, had become a well-known and popular wrestler nationally in the 1950s as a result of his appearances on the DuMont Network. Stecher died on October 9, 1954, and control of the promotion passed to Karbo and Dennis. In 1952, he sold a one-third interest in the promotion to his son Dennis and Wally Karbo. 6.1 World Wrestling Entertainment ownershipĪnton Stecher, brother and manager of former World heavyweight champion Joe Stecher, was a founding member of the NWA in 1948 and had promoted wrestling in Minneapolis since 1933 through his Minneapolis Boxing and Wrestling Club.4.2 AWA World Tag Championship Tournament (1989).4.1 AWA World Tag Championship Tournament (1962).
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