5 Star Wrestling, who once offered CM Punk a million dollars to compete for them, has officially shut down. The news was confirmed by owner Dan Hinkles. The company had been building up to a huge 128-man tournament, which was moved from last summer to February. The tournament never happened and the venues for 5 Star events only had a small amount of people compared to the venue’s size. They also missed several dates in Manchester, Leeds, Birmingham, and Aberdeen. They said in a statement:
Names to appear for the promotion included AJ Styles, RVD, Rey Mysterio, John Morrison, Drew McIntyre, Jay Lethal, Jack Swagger, Chris Masters, and Carlito. However, they never had enough fans to cover expenses. One talent told Wrestling Inc that he had to cancel his flight and appearance due to poor management, which didn’t make sure his appearance was booked and his flight was secured.