EX-WWE star Chavo Guerrero reveals Vince McMahon mortgaged his home to finance WrestleMania: “Not afraid to crash and burn”

Vince McMahon has always been a crucial part of WWE, and he is very popular among WWE fans for guiding young talents. The founder of the promotion always had big plans set up for his company, and in that process, he guided many people working under him to the path of success.

WWE legend Chavo Guerrero has appreciated this trait of the world’s greatest wrestling promoter in a recent interview and revealed that McMahon once gave him a very important life lesson.

Chavo Guerrero talks on a life lesson by Vince McMahon

Vince McMahon is a well-respected figure in the global pro wrestling industry, having made a significant impact over the years. WWE legend Chavo Guerrero recently revealed that he learned a great deal about business and taking risks from the longtime chairman of WWE in a recent interview on the ‘Insight with Chris Van Vliet’ show. Guerrero also shared that McMahon admitted that he has failed more often than he has succeeded in his career.

“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.” said Chavo Guerrero.

Guerrero also revealed that Vince mortgaged his assets to secure the financing for the first-ever WrestleMania. That event was just the beginning of the greatest WWE show of all time.

Chavo Guerrero said, “He financed WrestleMania by mortgaging his house and mortgaging everything. He told me that if WrestleMania was not a hit, he was done. And, of course, look what it turned into.” Lastly, the Latin veteran wrestler noted that what he ended up learning from McMahon was to not be afraid to fail and that “you never truly lose, you learn”.

Vince McMahon’s importance to WWE’s success

Vince McMahon has been the pillar of the company since WWE’s founding for several decades, serving as CEO and chairman for over 40 years. Currently, he holds the position of board member and Executive Chairman of WWE, even after the merger with the UFC.

Mr. McMahon began his career as a ringside announcer at Capitol Wrestling Corporation, also known as CWC, which was owned by his father. In 1979, the promotion was renamed to the World Wrestling Federation (WWF), and it continued under this name until 2002.

Vince bought the CWC in 1982, and it was only after that wrestling and entertainment were merged. He worked tirelessly to make the scripts interesting and more audience-friendly. The legendary promoter knew exactly what the audience wanted to see, and he turned the promotion into a nationwide business by 1995.

In 2002, WWF was rebranded as World Wrestling Entertainment (WWE). From then on, Vince McMahon made the promotion an international business platform, and WWE became the number one promotion in the pro wrestling industry. At present, WWE is earning millions of dollars every week, and all this has been possible because of Vince McMahon’s habit of taking risks for his company.

In your opinion, what is the best decision in WWE that Vince McMahon has ever made? Let us know your thoughts on it in the comments section below!

Majidul Islam

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Majidul Islam Rahat is a passionate WWE enthusiast and accomplished writer immersed in the world of professional wrestling. Majidul has keen insights and a deep understanding of the WWE universe. He combines his love for the sport with his storytelling prowess as a dedicated WWE writer. With a flair for capturing electrifying moments within the squared circle, He crafts compelling narratives that resonate with fellow fans.


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