He suggested this plan to several wrestling superstars at the time, including Hulk Hogan, Jimmy Hart, The Nasty Boys, and Greg Valentine.
Former WCW play-by-play announcer Tony Schiavone and former WWF color commentator Jerry Lawler were brought in to call the matches.
The storylines were based on a struggle for power in the company between Rena Mero (formerly Sable in the WWF), who was the heel CEO, and Rowdy Roddy Piper, the babyface commissioner.
Shortly after the tapings, WWF owner Vince McMahon poached several of their key talents such as Lawler, Hogan, Hennig, Piper, and others.
During the tapings, a joint angle was worked with the Puerto Rico-based World Wrestling Council (WWC) which began by having Ray González appear backstage speaking to Hogan, Bagwell and other talents in an effort to have them join his La Familia del Milenio stable.
This was worked along WAPA-TV, which produced a prime time special titled XWF vs. WWC: Invasión, but the angle was heavily modified since it featured the reduced roster and González left for the IWA-PR.
More cards were co-promoted, with WWC ultimately winning a series where the only consequential outcome was a title change of the XWF World Tag Team Championship.
In addition to the wrestlers that stayed on, the XWF brought in Rey Mysterio, who teamed with his longtime friend Konnan against the Nasty Boys, and hardcore legend Terry Funk, who wrestled Greg Valentine.
In January 2009 it was rumored that there were talks of a possible pay-per-view similar to how Total Nonstop Action and Ring of Honor received their television deals.
A Special Collectors set including a DVD, T-shirt, autographs, and an actual piece of the ring apron from the 2001 tapings was expected to be released later in 2009.