Update on Benoit, WCW invasion update, WWF/UPW update, and more
    Submitted by William Martinez on Saturday, June 23, 2001 at 1:29 PM EST

    - According to Forbes magazine, Vince McMahon is no longer a billionaire. Last August, Forbes stated that McMahon was worth approximately $1.1 billion but due to the losses he suffered from the XFL and the way the WWF stock dropped because of the XFL, McMahon is now worth $700 million.

    - Despite previous reports stating otherwise, it appears that UPW will remain and WWF developmental territory. A formal announcement is expected to be made next week by UPW President Rick Bassman and Jim Ross.

    - Chris Adams was arrested before yesterday's Super Stars of Wrestling show in Athens, Texas and was charged with second degree manslaughter for the death of Linda Kaphengst in April of 2000. Adams was indicted by a grand jury earlier in the day. Kaphengst died after overdosing on alcohol and GHB. Adams had also overdosed at the time of the incident but recovered. If convincted, Adams faces a penalty of up to 20 years in prison with a $2,000 fine.

    Credit: 1wrestling.com



    - Expect Chris Benoit to take time off for his injured neck immediately after the King of the Ring. As of right now, there is no word on whether or not he will require surgery.

    Credit: WrestlingObserver.com



    - Earlier, we reported that Booker T and Buff Bagwell may "invade" the WWF at the King of the Ring tomorrow night. There is talk that Rob Van Dam, Chuck Palumbo and Sean O'Haire are also on that list of the next WCW talent to invade the WWF. This does not necessarily mean that all will invade the King of the Ring, as O'Haire and Palumbo will be back stage at Tuesday's Smackdown tapings.

    Credit: WrestleLine.com



    - Slam! Wrestling has put up an interview with Rhyno. In the interview, Rhyno discusses the current direction of his company, his thoughts on Paul Heyman, and who, in the WWF, he would like to feud with. To check it out, click HERE.

    Credit: Slam! Wrestling

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