WWE executive Triple H issued a statement on the WWE website regarding "an unreliable online news source" report that the company is shutting down the Florida Championship Wrestling. "It is absolutely not true," Triple H said. "FCW is not closing. I don’t know how the rumor started but I believe it’s a situation where the ‘dirt sheets’ want to believe they have the scoop on everything.

"If anything, we are in the process of ramping up our entire developmental system. It’s the lifeblood of our company. It’s what feeds our future and in no way are we going to close it down... There are plans in the works, but nothing definitive I can discuss right now,” he said. “Shortly after WrestleMania, there will be a major announcement about our developmental system.

"WWE developmental system is being revamped, not shut down. If anything, it’s going to get bigger and better than ever. WWE Developmental cultivates the future talent of WWE. By no means is it going to get smaller or shut down." To read the full story, visit WWE.com.

Powell's POV: If WWE wants to set the record straight regarding online wrestling news stories, they could have their media relations department speak with the online pro wrestling media. That said, the tease of the announcement after WrestleMania is interesting and I'm curious to see how this all shakes out given all of the rumors that are out there regarding the future of developmental.

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